Redknee Signs License Expansion in EMEA

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

This solution provides advanced rating and charging capabilities, which facilitates the increased adoption and consumption of the operator’s data services. It is anticipated that the majority of the revenue from this contract win will be recognized in fiscal 2009.

This 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. 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 clarity to data charging for its subscribers, according to Redknee.