Redknee Inks $6 Million Real-Time Billing and Analytics Deal for Smart Meters in APAC

Redknee Inks $6 Million Real-Time Billing and Analytics Deal for Smart Meters in APAC Image Credit: Redknee

Redknee Solutions, a leading provider of real-time monetization and subscriber management software, Wednesday announced that a leading national corporation and service provider in Asia Pacific has signed a deal worth $6 million dollars to support its growth in the energy retail sector.

According to Redknee, the service provider has selected its Connected Suite - a customer care, real-time analytics, billing and real-time rating solution for various smart services - to monetize its energy retail business and digital services including for enterprise segments. Redknee's Connected Suite powered by Redknee Unified Service will enable the service provider to deliver bundled offers and promotions across various industry verticals, including utilities, smart homes and transportation, and also provide partner billing and settlement to manage the complex Internet of things (IoT) partner ecosystem. 

Redknee added that its Connected Suite will rate and bill data from smart meters and Home Energy Management Systems (HEMS) in real-time. Using the Connected Suite, the service provider will be able to notify customers about their energy consumption by providing real-time insights on electricity usage and billing data.

Lucas Skoczkowski, Redknee's CEO
Redknee is excited to support the growth strategy of one of APAC's leading corporations. This strategic deal emphasizes Redknee's ability to support the connected digital economy, and to address new opportunities for growth with our market proven converged charging, billing and customer care solutions. Over the coming years we see opportunities across industry verticals and enterprise markets, where connectivity-enabled Internet of Things (IoT) businesses want to gain flexibility from real-time analytics and monetization models. Redknee supports over 200 service providers from around the world. We will continue to invest in our real-time software to advance our position as the provider of choice for monetization and subscriber management solutions.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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