NEW DELHI: Canadian-based Redknee Solutions said that it continues to expand its business and customer base across India, the company is investing in its Bangalore, Pune and Kolkata offices to support regional and global customers operating in the Indian market.
“Redknee’s commitment to the Indian market comes as strong business conditions and robust growth in the Indian telecommunications and BSS/OSS markets continue,” the company said.
With the Indian BSS/OSS market expected to hit an annual compound growth rate of 16%1 by 2020, and the Indian telecommunications sector experiencing strong demand driven by the penetration of smart devices and imminent adoption of LTE technology,
Redknee is focused on developing its operations, adding to its Indian customer base, and contributing to the development of the Indian market. Redknee expects demand for data monetization services to increase as the adoption of LTE technology drives growth in the telecommunications market, while India’s culture of innovation opens new opportunities in Machine- to-Machine (M2M) and the Internet of Things (IoT).
The recent launch of Redknee Unified 2016, the latest release of Redknee’s flagship monetization and subscriber management solution, positions Redknee to assist Indian businesses in established, new and developing markets by providing a flexible and agile monetization solution to support the development and launch of new and innovative service offerings, including innovations in the areas of M2M, IoT, and MVNO’s.
“Redknee is excited to be a key part of the Indian BSS/OSS market, one of the fastest growing and most dynamic markets in the world. We look forward to helping both existing and new customers maximize the available opportunities, as we help to usher in the next era of technology in communications, M2M and IoT,” said Marc Veelenturf, Redknee’s Vice-President, Middle East and APAC.
Sanjay Sharma, Redknee’s Regional Vice-President, South West Asia, commented: “It is becoming more and more important for operators to differentiate their offers by providing personalized services to subscribers through real-time charging, rating and analytics. Redknee is working with multiple customers in the Indian market to deliver best-in-class real-time monetization and analytics for data services.”