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Redknee Solutions Inc
Symbol RKN
Shares Issued 261,652,353
Close 2017-11-27 C$ 1.03
Market Cap C$ 269,501,924
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Redknee starts offering Google Cloud Spanner software

2017-11-28 12:09 ET - News Release

Ms. Danielle Royston reports

REDKNEE IS NOW OFFERING HIGH-PERFORMANCE GOOGLE CLOUD SPANNER TO CUSTOMERS

Redknee Solutions Inc. has begun to offer Google Cloud Spanner to customers.

"Oracle has been the gold standard in telecom for decades. Now, with Google's Cloud Spanner technology, Redknee can deliver a solution that is 10 times more scalable for the world's largest telcos. For example, with our largest Oracle database, we've processed 50,000 transactions per second, while on Cloud Spanner, we've reached north of 500,000," said Danielle Royston, chief executive officer, Redknee. "This allows us to significantly improve performance for our customers, with a dramatically reduced total cost of ownership."

Increased competition between telcos and the ever-growing demand for on-the-go and on-demand connectivity put CSPs (communications service providers) under pressure to continually position and align themselves with leading-edge technologies. The unique capabilities of Cloud Spanner will help CSPs increase revenue, reduce costs, serve more subscribers, and identify and develop new solutions and strategies.

"It goes without saying that for CSPs speed and scale are becoming even more important. After a very successful collaboration between Redknee and Google Cloud engineering teams, we are thrilled to integrate this data processing innovation into our products," added Ms. Royston.

The general availability of Cloud Spanner multiregion configurations was announced earlier this month by Google Cloud. Cloud Spanner revolutionizes database management and administration. It is unique among relational databases and cloud database services as it offers a globally consistent, low latency and scalable relational database. Cloud Spanner also delivers an industry-leading 99.999-per-cent availability SLA (service level agreement) with no planned downtime.

"We are excited to deliver Cloud Spanner to CSPs, who have told us they want an alternative to Oracle. It's another step forward in our relentless pursuit of customer success, helping our customers achieve and exceed their strategic business goals," said Ms. Royston.

About Redknee Solutions Inc.

Redknee monetizes today's digital world for communications service providers. Its market-leading portfolio of monetization and subscriber management solutions includes real-time billing, charging, policy and customer care modules, and is available on premise, cloud-based or as software as a service. With a central focus on driving customer success, Redknee's products power growth and innovation for operators globally.

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