A leading Tier-1 operator in the Europe, Middle East and Africa region reportedly has signed a multi-million dollar license expansion agreement for Redknee's Next Generation Rating and Charging solution.

 

Redknee (News - Alert) officials said that the company’s Next Generation Rating and Charging solution is a proven real-time rating, charging, policy management and privacy solution for data services. It offers communications service providers the flexibility and scalability to launch new services, while creating new revenue streams based on diverse pricing options for both prepaid and postpaid subscribers.

 

The solution helps operators to minimize the impact of decreasing voice revenue by allowing them to capitalize on the explosive growth in new data services and provides network operators the competitive advantage to rate and charge any data event in real-time.

 

Company officials said that the solution provides advanced rating and charging capabilities, which facilitates the increased adoption and consumption of the operator's quickly growing data services.

 

The operator has recently experienced significant growth in data traffic, and by expanding its license with Redknee, is now primed to drive demand and support the rating and charging of high-value data services such as mobile TV, mobile broadband, and the increased use of data-intensive smartphones.

 

Officials said that the solution allows the operator to support tiered pricing packages based on individual bandwidth requirements, as well as "pay-as-you-go" data use, expanding the number of services available and bringing much needed clarity to data charging for its subscribers.

 

"We are proud to announce this software license expansion with one of Redknee's leading Tier-1 operator customers, and feel honored that they continue to look to Redknee to help drive their revenue growth and leadership in the market,” said Lucas Skoczkowski (News - Alert), chief executive officer at Redknee, in a statement.

 

Skoczkowski said that the company has been able to help them achieve this success by enabling them to launch all the latest data services - with pricing plans that customers can understand.

 

"This further validates Redknee's monetization product platform and demonstrates our continued ability to gain market share in real-time monetization for both Tier-1 and high growth market operators," Skoczkowski said.

 

Redknee is a global provider of communication software products, solutions and services.

 

As TMCnet reported last month, Redknee said a communications service provider in the EMEA region signed a multi-million dollar contract for its Turnkey Converged Billing solution. The company at the time didn’t disclose the firm’s identity, but said the solution would help the operator to manage its wireless, fixed, and broadband services with a complete converged billing solution, providing a seamless triple-play experience to its subscribers.