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Redknee Announces Breakthrough Converged Billing Results for 250 Million Subscribers
TORONTO and BARCELONA, SPAIN, Feb 27, 2012 (MARKETWIRE via COMTEX) --
Redknee Solutions, Inc. (TSX: RKN), a leading provider of
business-critical billing, charging and customer care software and
solutions for communications service providers, is pleased to
announce at Mobile World Congress that its flagship real-time
converged billing solution has been benchmarked to support 250
million subscribers. The performance benchmark sets a new standard
for Tier 1 carrier-grade scalability, performance and exceeds the
billing requirements for communications service providers (CSPs) that
are looking to successfully monetize their investment in LTE 4G
services.
Karl Whitelock, director OSS BSS Strategy, Stratecast Frost &
Sullivan, commented:
"CSPs that are looking to capitalize on next
generation services and business models, such as M2M, with their LTE
and 4G networks, must look to the advantages of a high performance,
multi-tenant, and scalable billing solution. Such solutions are
essential to enable personalized pricing plans for retail customers,
satisfy the challenges with wholesale partner agreements and deliver
a high-value customer experience as operators monetize their
investments. This benchmark test validates that a real-time converged
billing solution can manage today's demands and tomorrow's business
expectations."
Lucas Skoczkowski, CEO, Redknee Solutions, commented:
"We are very
excited to announce these results that set a new standard for
carrier-grade scalability and performance with significant cost
savings. As momentum for the deployment of LTE rollouts begins to
soar, the ability to successfully launch these new services and
business models will demand new requirements for a LTE 4G-ready
billing system. At Redknee, we continue to invest in developing
cloud-based and on-premise monetization solutions to enable service
providers to increase revenues, improve the customer experience and
grow profitability."
Redknee conducted the test with industry leaders including NEC
Corporation and X-IO technologies. Highlights of the benchmark test
include:
Scalability to 250 Million Subscribers
The benchmark test
successfully demonstrated the scalability and performance of
Redknee's TCB to 250 million subscribers. Scalability is an
increasingly important requirement for billing solutions measured by:
the number of subscribers including M2M devices; wholesale support of
increasing numbers of partners; and scalability in the number of
transactions that must be processed. In its recent analysis(1),
Stratecast showed that most CSPs see the need for billing solutions
to address 50 million or more subscribers / M2M connections in the
very near future, support thousands of partners and provide an
ability to process 5-30 billion transactions per day. Taking into
account the number of business solution scenarios either in the early
implementation or planning stages for device connections within most
industries, Stratecast believes the number of connected devices will
exceed 60 billion globally by the end of the decade.(2)
Exceptional Performance with Significant Hardware and Software Cost
Reductions
Redknee's TCB brings a high performance platform with
significant cost reductions. When compared against hardware sizing
estimations using hardware and available software licensing costs of
leading equipment providers, the optimizations resulted in a
significant solution reduction, including:
-- significantly reduced physical Input/Output (IO) Operations and
workload, therefore contributing to lower hardware costs
-- significantly reduced datacenter footprint due to storage products
that seamlessly meld HDDs and SSDs
-- 80% reduction in storage space through compression
-- 70% reduction in database license costs, compared to the license costs
of other leading database providers
Processing power to meet 4G LTE demands
When tested at 250 million
subscribers, TCB processed 9.8 billion call detail records (CDRs) in
a day. On average this means that 113,400 CDRs were processed per
second, providing a platform that will meet the requirements to
manage the expected exponential increase of mobile data traffic due
to the rise of mobile-connected tablet PCs and the rise of
machine-to-machine offerings.
In its report, Stratecast states that CSPs must be able to process at
least 5 billion transactions per day as an essential requirement for
today's changing landscape. It agrees with the industry consensus
produced earlier by Cisco(3) that mobile-connected tablet PCs and the
rise of machine-to-machine offerings alone will likely generate as
much data traffic in 2015 as the entire global mobile network did in
2010. The analyst house adds that mobile data traffic will increase
by a factor of 26 between 2010 and 2015, representing a 92% (CAGR)
over this five-year period. The capability to process billions of
transactions per day will become even more of a necessity when LTE 4G
-based networks become fully operational.
(1) Stratecast Global CSP Billing Part 2: Key Market Requirements
Analysis, Sept. 2011
(2) Stratecast Monetizing the M2M Services
Revolution: Billing is a Cloud Experience, Dec. 2011
(3) Cisco
Visual Networking Index: Global Mobile Data Traffic Forecast Update,
2010-2015
For more information about Redknee and their solutions, please go to
www.redknee.com.
About Redknee
Redknee is a leading global provider of innovative
communication software products, solutions and services. Redknee's
award-winning solutions enable operators to monetize the value of
each subscriber transaction while personalizing 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 about
Redknee and its solutions, please go to www.redknee.com.
About Stratecast
Stratecast collaborates with our clients to reach
smart business decisions in the rapidly evolving and
hyper-competitive Information and Communications Technology markets.
Leveraging a mix of action-oriented subscription research and
customized consulting engagements, Stratecast delivers knowledge and
perspective that is only attainable through years of real-world
experience in an industry where customers are collaborators; today's
partners are tomorrow's competitors; and agility and innovation are
essential elements for success. For more information, please go to
www.stratecast.com.
About NEC Corporation of America
Headquartered in Irving, Texas, NEC
Corporation of America is a leading provider of innovative IT,
network, communications and biometrics products and solutions for
service carriers, Fortune 1000 and SMB businesses across multiple
vertical industries, including Healthcare, Government, Education and
Hospitality. NEC Corporation of America delivers one of the
industry's broadest portfolios of technology solutions and
professional services, including unified communications, wireless,
voice and data, managed services, server and storage infrastructure,
optical and virtualized network systems, microwave radio
communications and biometric security. NEC Corporation of America is
a wholly-owned subsidiary of NEC Corporation, a global technology
leader with a presence in over 44 countries and more than $37.5
billion in revenues. For more information, please visit
www.necam.com.
About X-IO
X-IO is a recognized innovator in the storage industry.
Its award-winning Intelligent Storage systems leverage over two
decades of expertise to deliver unmatched price/performance for
enterprise applications. The company's plug-and-perform Intelligent
Storage solutions are customer proven to Xcelerate transactional,
reporting and business intelligence applications by a factor of 3X or
more. X-IO Intelligent Storage drives Xtreme performance for virtual
desktop and server infrastructures, while dramatically reducing
storage costs and footprint. X-IO solutions have been recognized as
SQL Server Pro and Windows IT Pro's 2011 Editors' Best Gold Medal
winners, the 2011 Best of TechEd "Breakthrough Product" and
"Attendees' Pick" Awards, and inclusion in CRN's 2012 Data Center 100
List. They are used by over 1,000 enterprise customers.
For additional information please contact:
Redknee Solutions:
Ashleigh Young, Corporate Communications
+1 905 625 2733
David Charron, Chief Financial Officer
+1 905 625 2943
Investor Relations:
Matt Glover or Michael Koehler
Liolios Group, Inc.
+1 949 574 3860
SOURCE: Redknee Solutions, Inc.
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