Redknee Solutions, a leading provider of business-critical billing and charging software for communications service providers, has extended an existing contract with an APAC Tier-1 service provider for Redknee's real-time rating and charging solution for a three year term. The purchase of products and services contributes to an aggregate revenue of $50 million for Redknee. According to Redknee, the customer has issued binding purchase orders for Redknee's products and services for over $11 million in the past month.
Lucas Skoczkowski, CEO at Redknee, commented: "We are very excited to have the opportunity to support our Tier-1 customer's impressive mobile data growth and subscriber expansion. This is a very significant milestone for Redknee's business. APAC is projected to be the fastest growing region for 4G/LTE adoption and this validates the growth opportunity for Redknee to expand the presence of our integrated charging, billing, policy management and customer care platform. Redknee remains committed to investing in our software in order to advance our position as the provider of choice for real-time monetization and subscriber management software solutions." Read More 'Redknee Announces Major Follow-on Orders with APAC Tier-1 Service Provider'