Redknee Named In List of Top 10 Canadian Wireless Solutions Companies
Redknee continues to climb Branham300 leader board
TORONTO, April 1 /PRNewswire-FirstCall/ - Redknee (TSX : RKN) a leading provider of business-critical software and solutions for communications service providers, is pleased to announce that it has been named by Branham Group as the fifth leading wireless solutions company in Canada, rising three points from its 2009 ranking. This announcement comes as the technology consultancy publishes its annual list of the top 300 Information and Communication Technology (ICT) companies in Canada.
Redknee's position in the Canadian ICT elite is reinforced by the Branham300 listings where it is acknowledged in three categories including Top 10 Wireless Solutions Companies, Top 250 Canadian ICT Companies and Top 25 Software Companies.
"We are very pleased to see our presence within the Branham300 increase in 2010. This further highlights our growing global customer base and solid financial position that we achieved despite the challenging economic conditions during the past 12 months," commented Lucas Skoczkowski, CEO of Redknee. "None of this would have been possible without the dedication of our highly skilled employees and the support of our valued customers and investors. We continue 2010 as a strong global organization and are supporting the execution of our growth strategy with the continued investment in the Tier 1 markets of the Americas, Europe and Australia, as well as the high growth markets of Africa, the Middle East and Asia Pacific."
The Branham300, now in its 17th year, is widely considered to be the most comprehensive and trusted source of intelligence on the health of the ICT industry in Canada. The listing ranks the top 300 publicly traded and privately held organizations operating in the Canadian ICT industry by gross revenue.
Wayne Gudbranson, President and CEO of Branham Group, commented:
"Despite the turbulent year that the global economy experienced last year we saw a tough resilience in the industry. We congratulate Redknee on its achievements in 2009. Redknee is truly deserving of its status as one of the 'Top 10 Wireless Solutions Companies' and its inclusion in the overall top ICT companies in Canada."
The ranking follows a solid performance by Redknee in 2009. Highlights of the year include reporting year-end September 30, 2009 revenue growth to $53.3 million with a strong gross margin of 78%, EBITDA of 12% and strong cash position of $25.8 million. Redknee secured six new customers and continues to gain major market share globally in the real-time rating and charging space with its Turnkey Converged Billing (TCB) solution.
About Branham Group
Branham Group is a leading industry analyst and strategic consulting firm servicing the global information technology marketplace. Branham Group assists information technology companies and related institutions in achieving market success through its custom consulting services (Planning, Marketing and Partnering), and through its multiclient research subscription programs (eHealth, Outsourcing and Green IT). Branham also produces an annual listing of the top information technology companies in Canada (www.branham300.com), tracks the Canadian Outsourcing industry (www.branhamoutsourcing.com) and monitors over 450 eHealth vendors. For more information regarding Branham Group, please visit www.branhamgroup.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 70 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.
SOURCE Redknee Solutions Inc.
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