M Partners analyst Ron Shuttleworth called Redknee’s December acquisition of Nokia Siemens Networks Business Support Systems “transformational”. Shares of Mississagua’s Redknee Solutions (TSX:RKN) are in the green again today, but you couldn’t blame investors for not noticing; the company has nearly doubled since the stunning acquisition of assets Nokia Siemens Networks’ Business Support Systems business.
The pickup, made early in December, cost Redknee $54-million, made up of $29-million in cash, plus a $25-million earn out. M Partners analyst Ron Shuttleworth, who called the acquisition transformational, said Redknee had gained a major footprint into the tier-one carrier market, instantly adding 35 such customers. Redknee added a total of 130 customers in ninety countries, 90% of which were new to the company.
The move clearly caught the market off-guard, some felt Redknee was itself a prime acquisition target.
Founded in the solarium of Skoczkowski’s apartment in 1999, Mississauga-based Redknee now boasts clients such as Microsoft and Cisco. The company’s billing solutions run the gamut from the customer side to helping service providers better monitor, understand and monetize their subscriber base. Redknee’s real-time converged billing solution has been benchmarked to support a quarter of a billion subscribers.
Shares of Redknee, which closed December 4th at $1.39, were at press time up 1.9% to $2.65.
__________________
___________________
Following the company's first quarter results, Roth MKM analyst Rohit Kulkarni has maintained his "Buy" rating on Amazon (Amazon Stock… [Read More]
It happened. The move that everyone in the cannabis sector was hoping for came about swiftly on the last day… [Read More]
Following the company's first quarter results, Roth MKM analyst Suji Desilva has maintained his "Buy" rating on Advanced Micro Devices… [Read More]
Ahead of the company's third quarter results, Roth MKM analyst Scott Irwin has maintained his "Buy" rating on Wolfspeed (Wolfspeed… [Read More]
It's become one of the biggest players in the Canadian healthcare space, now WELL Health (WELL Health Stock Quote, Chart,… [Read More]
Its stock has made a since last October, but is there more upside left in Thomson Reuters (Thomson Reuters Stock… [Read More]
View Comments
When you get a a lot of concerned brace, this implies that your knee drawback is
taken into account to be quite simply "mild" in severity. Hinges of
various strengths will be accustomed facilitate limit aspect to aspect
movements and excessive front to back movements which will additional your knee
injury.