Redknee (RKN.TO), a provider of business-critical monetization and subscriber management software solutions for communications service providers, announced the closing of its acquisition of Nokia Siemens Networks' Business Support Systems or BSS business unit. Redknee plans to buy Nokia Siemens Networks' BSS business unit on December 5, 2012.
The company said the completion of this acquisition marks a significant milestone in Redknee's long-term growth strategy by increasing Redknee's market share to include over 200 customers across 90 countries and adding strong long-standing relationships with multiple Tier-1 operators from across the globe. Redknee would currently deliver the industry's most comprehensive portfolio of highly scalable and agile converged billing, charging, customer care, and payments solutions for mobile network operators, mobile virtual network operators/enablers and other communications service providers.
Redknee added that its expanded global organization of over 1,600 employees would drive further innovation in its on-premise, cloud-based and Software-as-a-Service or SaaS offerings.
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