Caroline Chappell, Analyst at Large, Heavy Reading commented:
The acquisition of Nimbus Systems by Redknee reiterates how the real-time billing and customer care space is becoming one of the most dynamic domains in the industry today. As the world continues to converge towards 3G and 4G networks, the need for robust end-to-end offerings in real-time billing and customer care becomes more urgent as service providers look to drive data revenue and increase profitability.

The technology and product synergies between Nimbus Systems and Redknee s will see the full integration of Nimbus Systems solutions into Redknee s product portfolio. It will provide a broader set of offerings to Redknee s customers as they upgrade or replace legacy systems in order to migrate to next generation billing, charging and customer care platforms. Redknee and Nimbus Systems independently developed software, which includes open APIs, will ensure that Redknee s solutions can be fully integrated into any existing billing systems and are flexible and scalable to the evolving needs of service providers. In addition, the expanded product portfolio will enable service providers to launch more services, while reducing OPEX and time-to-market.

Lucas Skoczkowski, Redknee s CEO commented:
We are excited to announce the closing of this acquisition. We believe that the combined customer base, domain expertise and product portfolio of Redknee and Nimbus Systems will bring new opportunities to accelerate growth and increase our revenues and earnings. As we integrate Nimbus Systems, we will look to cross-sell each-others offerings to our existing combined customer base, while being able to offer new customers a broader range of products and services. In the future, Redknee will consider expanding into new geographies and extend our target markets around our core platform of monetization and customer care management.

More information on the acquisition can be found at www.redknee.com/nimbus

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, visit www.redknee.com.

FORWARD-LOOKING STATEMENTS
Certain statements in this release relating to the Acquisition and other statements may constitute forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this document, such statements use such words as may , will , expect , continue , believe , plan , intend , would , could , should , anticipate and other similar terminology. These statements reflect current assumptions and expectations regarding future events and operating performance and speak only as of the date of this document. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward-looking statements, including, but not limited to, the failure of the parties to meet certain terms and conditions relating to the Acquisition and the factors discussed under the Risk Factors section of Redknee s most recently filed Annual Information Form which is available on SEDAR at www.sedar.com and on Redknee s web-site at www.redknee.com.

Although the forward-looking statements contained in this document are based upon what we believe are reasonable assumptions, we cannot assure investors that our actual results will be consistent with these forward-looking statements. We assume no obligation to update or revise these forward-looking statements to reflect new events or circumstances, except as required by securities law.

ROC Fraud Management replaces the fraud management system of another vendor. The earlier fraud management solution that Mobinil had installed was throwing up performance issues and hence they were looking to replace the solution. They chose Subex for its superior product functionality and globally acclaimed leadership in the space. As a result of the implementation of ROC Fraud Management, the Cairo-based mobile service operator can now detect and control any kind of fraud for their post-paid services. The solution’s customer pre-check functionality also helps them flag customers who could possibly be re-offending fraudsters.

“We are very happy with the implementation of the fraud management solution from Subex. We now have the required operational ammunition to address all kinds of internal and external fraud. We look forward to working with Subex in the future as well,” said a Mobilnil spokesperson.

Sudeesh Yezhuvath, Chief Operating Officer, Subex Ltd, said, “We are glad that ROC Fraud Management has been successfully implemented at Mobinil. Africa is a key market for us and we are pleased to have been able to help Mobinil, the leader in their market, with the required fraud management capabilities. We continue to remain committed to providing the best to our customers, to allow them to focus on their core business areas, while our solutions successfully manage all mission-critical functions for them.”

ROC Fraud Management, the fraud management component of Subex’s ROC (Revenue Operations Center), is built to help CSPs move towards fraud prevention by eliminating known frauds, reducing free run time, augmenting internal controls and through continuous fraud management process improvement. The solution boasts several industry-leading features, enabling real time reaction through its in-line controls and transaction controls and prioritizes investigation of potential fraud cases through its advanced artificial intelligence (AI) techniques.

Some of Subex ROC Fraud Management’s features are:
• Pre-check functionality, which runs multiple checks on new subscription against blacklists and identifies fraudsters based on phonetic, exact and combination matches.
• Patent-pending e-fingerprinting feature, which captures the details of subscriber behaviour and matches against a hot list of previously recorded fraudster fingerprints without relying on any subscriber credentials.
• IAQ (Intelligent Alarm Qualifier), which uses AI to detect the truly false alarms, thereby increasing analyst productivity and reducing revenue leakage.

The Solution
The offered managed services are based on the Comarch Next Generation Network Planning solution and simplify the current OSS landscape of the E-Plus Group. Tight integration with a live network enables planners to see up-to-date network statuses and view the impact of all planned changes. Reorganization of business processes and their setting over the eTOM framework increases efficiency of operations by covering all context-relevant information for the whole network in one place, solely with the task of network planning. Additionally, close cooperation with hardware vendors enables shortening time-to-market for new network features and technologies. The entire platform is hosted and managed by Comarch, who is taking the responsibility for development of the platform following E-Plus business requirements, and who delivers it through the managed service approach. The provided platform is based on market standards and well-defined internal interfaces. All operations are grouped in an extendable service catalogue with self assessment capabilities.

- Building the platform is a part of our innovative strategy of providing OSS solutions as managed services for mobile communication service providers. We recognize extensive interest from the market in replacing current OSS architectures with a managed services solution that allows providers to reduce time-to-market and increase efficiency, maintaining optimum IT infrastructure cost performance. The contract with the E-Plus Group is a major step towards strategy realization – states Piotr Pi?tosa, Vice President of the Management Board, Director of the Telecommunications Business Unit, Comarch S.A.

The CSP, a leading provider of mobile, fixed line and internet services in Malaysia has been a customer of Subex’s ROC Revenue Assurance for the past three years. The solution has been very valuable to the CSP, in it that it has helped reduced revenue leakage to a significant extent and has also affected positive improvements in the bottom-line. Renewing the contract was a natural progression in the relationship.

Sudeesh Yezhuvath, Chief Operating Officer, Subex Ltd said, “We are extremely pleased to extend our relationship with this CSP. Given the good results we have provided during our earlier engagement, we are confident that in the renewed contract period the customer will experience even better results and see immense value in the managed services ROC Revenue Assurance offering we will be providing.”

Econet was looking for Fraud Management and Revenue Assurance products that could be centralized in order to improve efficiencies at operational level and to meet the need to optimise revenue and bottom line performance as the group grows the subscriber base in all their operations. Subex’s proven expertise in these two areas, coupled with its established experience in centralized implementations in the African region were factors that contributed to the final decision to appoint Subex as Econet’s partner in finalizing the deal. In addition, Subex’s ability to offer further modules and services over and above the current requirement to meet the long term road map for Econet, with an option to run the applications on a managed service model, were enough for Econet to make Subex their partner of choice.

“As the Econet Group continues to expand their operations, they were keen on implementing solutions that would meet best practice Fraud Management and Revenue Assurance requirements right from the word go. All the reference checks we made on Subex with their existing African customers were positive and thus Subex was the natural choice for us”, said Anthony Carter, CEO, Worldstream Systems & Services.

“We aim to be the partner of choice for telcos in every stage of operation. Helping a service provider like Econet expand their market is an honour for us. This ROC implementation at Econet is yet another major milestone in our journey”, said Sudeesh Yezhuvath, Chief Operating Officer, Subex Ltd.

The joint Subex-Gantek solution will allow Eagle Mobile to detect and prevent fraudulent activities using advanced technologies and various modules. The objective is to prevent fraud and increase revenues with the solution. Besides meeting the needs of centralizing the fraud management system, the system also allows the operator to track fraudulent attempts occurring in different service layers through an integrated approach. Using advanced methods of analysis, ROC Fraud Management also eliminates the risks arising from prepaid services, as it does for postpaid services. With this solution Eagle Mobile hopes to grow the Albanian market, by providing services to customers on actual costs, minimizing fraud, and beat competition.

Bülent Dörttepe, the CTO of Eagle Mobile, while emphasizing that they provide services with European standards in Albania, added, “To provide services of high quality standards in the world of Telecom is an indispensable element not only for operational profitability but also for gaining competitive advantage. This Fraud Management solution will provide our customers with services on actual costs by preventing the misuses. We believe that the project we have completed successfully in many countries will accelerate our growth process in Albania.”

“It has been our constant endeavor to provide best in-class products and support to CSPs to achieve better operational efficiencies. This new win is testimony to the fact that our reach is global and we remain committed to our belief of helping operators achieve competitive advantage in their markets. Further, we continue to maintain our significant lead in this space in Central & Eastern Europe. Fraud management is today a growing business driver and our ROC Fraud Management solution is one of the best in its category”, said Sudeesh Yezhuvath, Chief Operating Officer, Subex Ltd.

Subex’s ROC Fraud Management, is built to help CSPs (Communication Service Providers) move towards fraud prevention by eliminating known frauds, reducing free run time, augmenting internal controls and through continuous fraud management process improvement. It boasts several industry-leading features, enabling real time reaction through its in-line controls and transaction controls and prioritizes investigation of potential fraud cases through its advanced artificial intelligence (AI) techniques.

Some of Subex ROC Fraud Management’s features are:
• Pre-check functionality, which runs multiple checks on new subscription against blacklists and identifies fraudsters based on phonetic, exact and combination matches.
• Patent-pending e-fingerprinting feature, which captures the details of subscriber behaviour and matches against a hot list of previously recorded fraudster fingerprints without relying on any subscriber credentials.
• IAQ (Intelligent Alarm Qualifier), which uses AI to detect the truly false alarms, thereby increasing analyst productivity and reducing revenue leakage.

The rapid proliferation of next-generation connectivity services required for cloud transport, wireless backhaul, residential and business services has placed increased pressure on carriers to deliver services more rapidly and cost-effectively than ever before. This is a sea change for service providers and Service Commander is the first solution available to automate the design, deployment and operation of those services.

“New connectivity services used to take years to deploy since the service was intrinsically bound up with the particular network equipment deployed. The new, more flexible, connectivity service layer being deployed with modern Ethernet and IP/MPLS equipment can radically decrease that time,” said Mark H. Mortensen, Principal Analyst with Analysys Mason. “But to realize that potential, an operator must deploy modern service-focused management systems to automate the delivery and management of service level connectivity.”

Service Commander has been designed from the ground up to address next-generation connectivity service delivery needs, which include delivery of richer services in compressed time frames with reduced operational costs. Legacy OSS’s are element & network centric and incapable of meeting these requirements.

Service Commander bridges the gap between traditional network and element management solutions and OSS’s need to automate the delivery of customer facing services (CFSs). Service Commander separates the service design phase from the provisioning and operation of services and provides tools specifically built to support the complex mapping between the service and network/element layer which typically involves 100’s of attributes and operations and is highly error prone.

“Over the years, we’ve worked closely with Amartus because of the extensive and unique expertise they bring to our IxRave NGN and services monitoring solution,” said Walker Colston, VP of Converged Monitoring at Ixia. “Solutions such as Service Commander will play a key role for carriers in accelerating the successful deployment of new, high-value services through improved integration and automation.”

Service Commander is built upon Chameleon OS™, Amartus’ next-generation carrier grade management platform designed to support a range of NGN OSS and management solutions including service managers, network managers, element managers, test managers, OSS/BSS gateways, customer self-service portals, and more. Chameleon OS also provides an abstraction layer, which is key to integrating NGN services onto existing OSS environments.

“Our extensive experience in working directly with network equipment vendors and service providers, as well as active standards body participation has uniquely qualified us to build a solution like Service Commander,” said Michael Kearns, CEO of Amartus. “We are pleased to have this opportunity to participate in the transformation from a silo-based to a service-based management world.”

Key features of the software include:

• Complete service lifecycle management including service design, inventory, discovery, provisioning and assurance
• Multi-service, multi-technology platform
• Support for MEF Carrier Ethernet
• Extensible to support other NG services IP/MPLS and OTN
• Standards-based OSS model (TMF)
Model driven, open and modular architecture
Rapid customization and integration support
• Standalone and OSS integration deployment
• Carrier-grade reliability, scalability & performance

Availability

Service Commander is available now.

About Amartus

Founded in 2003, Amartus develops next generation OSS/BSS and network management solutions for service providers. The company’s flagship product, Service Commander™ is a connectivity service automation management system that integrates existing OSS and network management systems to provide comprehensive end-to-end management for NGN services. Amartus is an active member of leading standards organizations including the TeleManagement Forum (TMN) and Metro Ethernet Forum (MEF).

The company is privately-held and is headquartered in Dublin, Ireland with offices in the U.S. and Poland. More information is at www.amartus.com.

Best Buy selected Intec in 2009 to support its MVNO plans and help the retailer deliver innovative new services to the consumer technology market. Best Buy Connect is an example of one of these offerings, which allows consumers to one-stop-shop for connected solutions by purchasing computers with customizable mobile broadband service plan options.

The virtually unlimited service types supported by the Singl.eView platform will allow Best Buy to offer an expanded array of services, from data plans to innovative content and technology support services. Postpaid, prepaid, and “pay now” are all supported from a truly convergent service billing engine. More importantly, Singl.eView’s inherent flexibility will allow Best Buy to react quickly to changes in what has become the most competitive of landscapes.

“We’re building on the great Best Buy brand and foundation to enable people to rely on us for one-stop shopping and support for their mobile computing experience, and our customer support continues well after purchase,” said Jed Stillman, vice president of Best Buy Connect. “For our customers, the Intec solution means that Best Buy can deliver the flexibility and reliability that we require to effectively serve customers in this space.”

“It is truly an honor to work with an iconic company like Best Buy to bring innovative offerings to consumers. With its support for real-time rating, balance management and thresholds, the Intec solution delivers the flexibility and control needed to manage modern service offers, and provides Best Buy with a solid foundation on which to build a multitude of service offers with confidence,” said Ian Watterson, Vice President Americas, Intec.

A technology industry veteran with over 25 years experience, Kallol joins Intec from HP India where his last assignment was as Director of Application Services, in HP’s Enterprise Services Business (formerly EDS). Kallol and his team were responsible for multi-sector solution implementations from communications, media and entertainment to utilities, manufacturing and financial services, conceptualising, creating and delivering solutions using HP and partner IPs to solve customers’ business problems.

“I am very excited to have the opportunity to drive Intec’s market-leading BSS solutions as the market takes unprecedented steps forward,” commented Kallol. “Alongside a highly skilled team, of great integrity, Intec is in a very strong position to capitalise on the exciting market growth opportunities and I look forward to playing a key role in the company’s global development.”

“Kallol joins Intec with exceptional industry experience, which will prove a significant asset to Intec, customers and partners alike,” said Reece Donovan, President of Global Services for Intec. “Intec is well known and trusted both in the region, and globally, and our powerful and sophisticated BSS solutions are more relevant than ever before, for incumbents and new market entrants, looking to leverage new communication technologies and embrace new service offerings for profitable growth.”

Kallol undertook a number of roles in the combined entity of Compaq, HP and EDS for the last 14 years including technical support, sales, solution marketing and business development. He has also held positions with Tata IBM, Pertech Computers Ltd and PSI Data Systems India. Kallol has a Bachelors Degree in Technology and a Management Diploma and lives in Bangalore, with his wife and two sons.

Intec supplies solutions to over 60 of the world’s top 100 telecoms operators, with a vision to become the world’s most trusted supplier of BSS (Business Support Systems) solutions.

Intec’s many customers include AT&T, Aircel, Antel, Bharti, Cable & Wireless, China Unicom, Deutsche Telekom, Eircom (Ireland), France Telecom, Hutchison 3G, O2, Orange, Reliance, Talk Talk, T-Mobile, Telefonica, Vodafone, Virgin Mobile, Vivo and Verizon.

Intec works closely with its customers, many of whom have been with Intec since its inception, to provide the highest standards of performance, flexibility and robustness to help operators service their customers effectively and profitably.

Founded in 1997, Intec is listed on the London Stock Exchange (ITL.L) and has over 1,600 staff and a presence in 24 countries. For more information, visit the Intec website at www.intecbilling.com

The Broadband World Forum 2010 (26-28 October at CNIT, La Defense in Paris, France) will this year feature more than 200 leading industry speakers, including 125 global service providers, from around the world addressing over 6,000 attendees across four new tracks covering transport, intelligence, access and services.

The start of each day will see a series of keynote sessions run by global executives from operator and vendor companies worldwide covering the latest innovations in the broadband industry including Who pays? The new economic model for broadband, Broadband: Changing lives and Services in the cloud. This year’s keynote line-up includes:

• Oliver Baujard, Deutsche Telekom
• Dr. Choi Doo Whan, KT
• Virginia P. Ruesterholz, Verizon
• Thierry Bonhomme, Orange France Telecom Group
• Dr Shyue-Ching Lu, Chungwa Telecom
• George Nazi, BT
• Mike Quigley, National Broadband Network
• Lord Stephen Carter, Alcatel-Lucent
• Ashish Chowdhary, Nokia Siemens Networks
• Johan Bergendahl, Ericsson
• Matt Bross, Huawei
• Ms Chen Jie, ZTE Corporation
• Adolfo Hernandez, Alcatel-Lucent
• Stefan Dyckerhoff, Juniper Networks

Plus there will be an exclusive invitation-only Executive Leadership Summit and a half-day Broadband High Growth Markets seminar featuring contributors from across Europe, Asia and Africa.

Gavin Whitechurch, research director at Informa Telecoms & Media, commented: “This year’s enhanced event programme is set to make Broadband World Forum a truly global event. Our provisional agenda has already attracted high levels of interest from potential delegates and our exhibition is 80 per cent sold or reserved.

“Attendee figures are tracking well above previous years, and we hope that this exceptional level of early interest, along with the unrivalled speaker and exhibitor line up, will attract a record number of visitors to secure our place as the number one broadband show and establish us as the leading global telecommunications event.”

Broadband World Forum is this year celebrating its 10th anniversary and has long been established as the place to meet and discuss the commercial and technical opportunities, developments and issues surrounding broadband. The new conference structure for 2010 is in response to delegate feedback and now features analyst breakfast briefings, more keynote sessions, a choice of four conference tracks and a world-class exhibition including 280 companies. In addition the Broadband InfoVision Awards will now be presented during a full gala dinner cruise on the evening of day one.

To view the full event programme and register for the conference, visit the Broadband World Forum website at www.broadbandworldforum.com or call +44 (0)20 7017 5506.