Redknee Recognized as Leading Canadian ICT Company
TORONTO – April 23, 2015 Redknee Solutions Inc. (TSX: RKN), a leading provider of real-time monetization and subscriber management software, is pleased to announce that it has again advanced its position as one of the top Canadian ICT companies in the Branham Group annual listing. The Branham300 is the most comprehensive listing of publically traded and privately held IT companies in Canada, and Redknee has been recognized for its strong leadership and ability to successfully execute its growth strategy.
Ranked in the top 30 of 250 Canadian ICT companies, Redknee has excelled to achieve its highest ever ranking status since its inclusion in the listings. In FY 2014 Redknee reported increased revenue of $257.7 million, up 81% from $142.0 million in the previous year. Another significant highlight includes the launch of Redknee Unified, the latest release of Redknee’s integrated charging, billing, policy management and customer care solution, designed to enable service providers in the communications and connected industries to create new revenue streams faster, and drive monetization through M2M and the evolving IoT market. In addition, Redknee is advancing its position as the provider of choice for real-time monetization and subscriber management solutions and is expanding into new vertical markets including utilities, smart cities and transportation.
Lucas Skoczkowski, Redknee’s CEO commented: “Redknee is pleased to be acknowledged as a leading ICT company in Canada. Over the past year we executed our growth strategy by securing record license expansions, upgrades and support renewals across all of our markets. We announced the availability of our convergent software platform Redknee Unified, which supports the monetization of business models and future profitability in both our core communication business and non-telecom verticals. To once again be recognized as one of the elite technology companies is demonstrative of the value Redknee derives from its employees, customers and investors.”
The Branham300, now in its 22nd year, is widely considered to be the most comprehensive and trusted review of the Canadian ICT industry. The listing ranks the top 300 organizations operating in the Canadian ICT industry by gross revenue.
“Redknee consistently earns its place alongside the leaders in ICT companies in Canada due to its strong year-on-year performance and dedication to innovation at all levels. We congratulate Redknee on this distinction and eagerly anticipate its growth in the following year,” said Wayne Gudbranson, CEO of Branham Group.