Sunday, June 26, 2005

Redknee Raises $10 Million for Telecom Software

Redknee, a start-up based in Toronto, raised US$10 million in debt financing for its telecommunication software solutions. Redknee's software capabilities include service provisioning, real-time converged billing, messaging, service control, customer relationship management solutions which provide value-added functionality to wire-line, mobile, circuit-switched, and VoIP service providers. The financing was led by MMV Financial and HSBC Capital (Canada) also participated.

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