TORONTO, January 29 /PRNewswire/ --
- Redknee Solutions Inc. (Redknee or the Company)
- Annual OSS/BSS Rat Pack List Recognizes Solid Performers Best Positioned to Meet Service Provider Needs in Dynamic Market
Redknee (TSX: RKN ; AIM: RKN), a leading provider of mission-critical software and solutions for communications service providers, today announced that it has been named one of Stratecast's ten leading OSS/BSS companies to watch in 2009. The annual Rat Pack list is compiled by Stratecast, a division of Frost Sullivan, and recognizes solid industry performers that work well both individually and through partnerships to satisfy the needs of communications service providers in a rapidly changing business environment.
As networks become increasingly complex and a growing number of subscribers continue to demand more personalized services, network operators have unique market needs that require support from vendors that can deliver innovative solutions and capabilities.
Lucas Skoczkowski, CEO of Redknee, commented:
Redknee is focused on bringing innovative products and services to the market that result in a competitive advantage for each customer's business. Being named by Stratecast as a top company to watch is an honor that validates our disciplined approach to executing on our corporate strategy.
According to Stratecast, key network operator objectives for 2009 include responsiveness and being interoperable with the ability to leverage existing assets and reduce costs. Stratecast states that companies with the Rat Pack mentality can help network operators meet these objectives, as they possess the necessary agility, deliver a well-defined, clearly differentiated market offering, and promote a culture of innovation.
As network operators enter a new era of network and service complexity, razor thin margins, and non-traditional competition, there are operational challenges beyond anything that most have ever experienced, said Karl Whitelock, Senior Consulting Analyst, Stratecast, a division of Frost Sullivan.. Business solutions that can meet subscriber demands and overcome the rising tide of market challenges are in critical need by the service provider community. As network operators continue to look for innovation from the industry's OSS/BSS suppliers, companies such as Redknee are well-positioned to meet these needs.
For more information about Redknee, visit http://www.redknee.com.
About Stratecast/Frost Sullivan
Frost Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. The Stratecast Division focuses on strategic forecasting and strategy for the Telecom/IT sector. For more information, visit http://www.awards.frost.com.
Redknee is a leading global provider of innovative communication software products, solutions and services. Redknee's award-winning solutions enable operators to monetize the lifetime value of each subscriber transaction while personalizing the subscriber experience to meet mainstream, niche and individual market segment requirements. Redknee's revenue generating solutions provide advanced converged billing, rating, charging and policy for voice, messaging and new generation data services to over 70 network operators in over 50 countries. Established in 1999, Redknee Solutions Inc (TSX: RKN ; AIM: RKN) is the parent of the wholly-owned operating subsidiary Redknee Inc. and its various subsidiaries. References to Redknee refer to the combined operations of those entities. For more information, visit http://www.redknee.com/.
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Media Relations Contact: Simon Marshall, Mi liberty, +1-770-919-7366, email@example.com; Mark Yaphe, Vice President, Product Management Marketing, +1-905-625-2298, firstname.lastname@example.org; Nomad: Canaccord Adams Limited, Ryan Gaffney/Andrew Chubb, +44-(0)207-050-6500; Financial Public Relations: Jeremy Garcia, Buchanan Communications, +44-(0)207-466-5000, email@example.com; Redknee Solutions: Colley Clarke, Chief Financial Officer, +1-905-625-2604, firstname.lastname@example.org