Redknee and Tech Mahindra Sign Global Partnership
AGREEMENT CREATES LEADING MICROSOFT GO-TO-MARKET PARTNERSHIP
TORONTO, July 13, 2011 /PRNewswire/ -- Redknee (TSX: RKN), a leading provider of business-critical billing and charging software and solutions for communications service providers, has entered into a global partnership with Tech Mahindra (NSE: TECHM), a global systems integrator and business transformation consulting organization focused on the communications industry, to jointly deliver software and services to the communications service providers market. Redknee and Tech Mahindra announced the partnership at the Microsoft Worldwide Partner Conference 2011. This partnership brings to the market the strongest combination of Microsoft expertise to communication service providers pairing Redknee, the leading solutions provider to successfully integrate its real-time billing capabilities with Microsoft Dynamics CRM, and Tech Mahindra, the 2011 Microsoft Communications Sector Partner of the Year Award winner.
Larry Goldman , Head of Telecoms Software Research at Analysys Mason, commented:
"Communications service providers increasingly value fully integrated software solutions. This agreement provides a broad range of integrated billing, charging, customer care and OSS capabilities that deliver improved time to market and reduced cost."
Jim Dietrich , Managing Director, Worldwide Telecommunications at Microsoft commented:
"We are excited by this announcement by Redknee and Tech Mahindra. As a matter of practice, we actively encourage Microsoft partners to collaborate to ensure the strongest depth of expertise and breadth of solutions are delivered to our customers. The reputation and capabilities of Redknee and Tech Mahindra in the Telecommunications industry make this agreement a shining example of how our partner ecosystem enables synergies and creates mutual value for our partners and our customers."
Tech Mahindra will integrate Redknee's Turnkey Converged Billing and Customer Care solution, which is based on Microsoft Dynamics CRM 2011, Microsoft SQL Server 2008 R2, and Microsoft Windows Server 2008 R2, into its existing portfolio of OSS/BSS solutions. By pre-integrating Redknee's solutions into its offering, Tech Mahindra can deliver extended BSS capabilities with a faster deployment speed for service providers. The partnership will also immediately widen the scope of business opportunities that Redknee can address among service providers, through the additional range of services delivered through Tech Mahindra.
Lucas Skoczkowski, CEO of Redknee commented:
"We are very excited to partner with Tech Mahindra, one of the premier global telecom system integrators, to deliver our next generation converged billing platform to more customers around the world. We see a growing opportunity to address requirements for real-time monetization solutions for wireless, multi-service and cloud service providers across the world and we feel that our partner strategy is critical to fulfilling this opportunity."
Pritam Parvatkar, Director, Global Alliances, Tech Mahindra, said:
"We are delighted to be partnering with Redknee. The combination of Tech Mahindra's niche domain expertise in the telecommunications industry and Redknee's acclaimed reputation of superior software quality will certainly bring value to the partnership and the end customers. This partnership assures to deliver benefits for both the entities through a wider scope of business opportunities and greater depth of solutions delivered for service providers globally."
Redknee is a leading global provider of innovative communication software products, solutions and services. Redknee's award-winning solutions enable operators to monetise the value of each subscriber transaction while personalising the subscriber experience to meet mainstream, niche and individual market segment requirements. Redknee's revenue generating solutions provide advanced converged billing, rating, charging and policy for voice, messaging and new generation data services to over 90 network operators in over 50 countries. Established in 1999, Redknee Solutions Inc. (TSX: RKN) is the parent of the wholly-owned operating subsidiary Redknee Inc. and its various subsidiaries. References to Redknee refer to the combined operations of those entities. For more information, visit www.redknee.com.
About Tech Mahindra:
Tech Mahindra is a leading provider of solutions and services to the telecommunications industry with a majority stake owned by Mahindra & Mahindra Limited, in partnership with British Telecommunications plc. Tech Mahindra serves telecom service providers, equipment manufacturers, software vendors and systems integrators worldwide and their proven delivery models, distinctive IT skills and decades of domain expertise enable clients to maximize returns on their IT investment. Tech Mahindra registered revenue of USD 1,126.6 million in the year ended March 31, 2011 and is ably supported by 38,300 professionals who provide a unique blend of culture, domain expertise and in-depth technology skill-sets.
A SEI-CMMi Level 5 organization, Tech Mahindra's development centers are ISO 9001:2008 & BS7799 certified. Tech Mahindra has principal offices in the UK, United States, Germany, UAE, Egypt, Singapore, India, Thailand, Taiwan, Malaysia, Philippines, Canada & Australia. Tech Mahindra Ltd is part of the US $12.5 billion Mahindra Group, a global industrial federation of companies and one of the top 10 business houses based in India. The Group's interests span automotive products, aviation, components, farm equipment, financial services, hospitality, information technology, logistics, real estate and retail.
For further information, visit: www.techmahindra.com
For additional information please contact:
Ashleigh Young , Corporate Communications
+1 905 625 2733
David Charron , Chief Financial Officer
+1 905 625 2943
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