Mainz-Kastel, Germany, 11th August 2015 – Elster, the global provider of electricity meters and related communications, networking and software solutions, is pleased to announce its partnership with Redknee Solutions Inc., a leading provider of real-time monetization and subscriber management software. This strategic agreement is to deliver an end-to-end prepayment solution for the utilities sector that combines Elster’s smart grid software solutions with elements of the Redknee Connected Suite for smart utility billing. The joint offering will be available across the Asian, European and South American markets and will provide an advanced and differentiated option for energy providers to increase revenues, profitability and the customer experience.
The Redknee Connected Suite rates and bills data from smart meters and Home Energy Management Systems (HEMS) in real-time. It enables energy providers and utilities to seamlessly manage pre-paid energy accounts by remotely connecting and disconnecting smart meters, managing load reduction and balancing control. Energy providers can enhance the client experience by allowing customers to make payments to their pre-paid energy accounts, receive notifications and access energy consumption information, in real-time, using their smartphones or other mobile devices.
Lucas Skoczkowski, CEO at Redknee commented: “Redknee is pleased to partner with Elster to provide an innovative prepayment energy solution. This strategic agreement emphasizes Redknee’s ability to support the connected digital economy, and to address new opportunities for growth with our proven converged charging, billing and customer care solutions. The utilities sector and other verticals such as retail and transportation are increasingly providing avenues for service providers to increase revenues, increase customer loyalty and improve time to market. We continue to invest in our real-time software to advance our position as the provider of choice for monetization and subscriber management solutions.”
Redknee’s flexible and scalable solution provides customer care, real-time analytics, billing and real-time rating for various smart services. It enables service providers to monetize digital services and deliver bundled offers and promotions across various industry verticals, including utilities, smart homes and transportation. The platform also provides partner billing and settlement to manage the complex Internet of things (IoT) partner ecosystem.
Elster’s smart grid software solutions provide utilities with a unified and simple approach for securely collecting, processing, storing and managing smart grid data. The software eliminates challenges that arise for utilities operating separate data collection and management systems, and its built-in workflow automation and guided decision-making are designed to enhance operator productivity and reduce the cost and complexity of utility operations. Elster covers the entire energy value chain from smart meter platforms to meter data management solutions giving utilities confidence that all the elements of Elster’s solutions are interoperable.
Kim Arlund Nørgaard, Global Head of Solutions at Elster commented: “At Elster our vision is to provide a single, unified multi-vendor, multi-network application suite that caters to all scenarios, and our partnership with Redknee is a major step in this direction. By integrating our adaptive smart grid software suite with Redknee’s flexible real-time software, we are effectively combining best-of-breed software to provide a new, innovative energy solution, which will enable our customers to reduce costs and resource consumption, and to evolve with smart meters and smart grids.”
Redknee monetizes today’s digital world. We provide a complete portfolio of mission-critical monetization and subscriber management solutions and services that allow communications service providers, utility companies, auto makers and enterprise businesses of all types to charge for things in new and innovative ways. Redknee’s real-time billing, charging, policy and customer care offerings provide the agility and scalability to drive a unique user experience, increase profitability and support any new product or business model. Available on premise, cloud-based, or Software-as-a-Service, Redknee’s low-risk, flexible solutions power more than 250 businesses across the globe. 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 about Redknee and its solutions, please go to www.redknee.com
Elster delivers complete secure Smart Grid and Energy Management Solutions that drive energy efficiency, operational improvements and cost savings for utilities, commercial and industrial customers and consumers. Elster uses its speed and agility to drive interoperability and open standards and strategically collaborates with customers and partners.
Its end-to-end electricity, water and gas offerings include advanced meters/sensors, secure communications, and data collection, management and analytics. Elster is dedicated to customer success in more than 130 countries through Elster’s professional integration services, technical support and training.