August 13, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Redknee (TSX: RKN), a provider of billing and charging software and solutions for communications service providers, said it has closed its acquisition of Nimbus Systems, a privately-held company that specializes in billing, content settlement and customer care.

Redknee said on June 30 that it planned to acquire Nimbus. The company said that the closure of the acquisition would immediately increase Redknee's presence in Tier 1 group operators and would open opportunities for Redknee to expand into new geographies and other key verticals.

According to the companies, the combination will bring about the full integration of Nimbus Systems' solutions into Redknee's product portfolio, providing a broader set of offerings to Redknee's customers as they upgrade or replace legacy systems in order to migrate to next generation billing, charging and customer care platforms.

Canada-based Redknee’s solutions provide converged billing, rating, charging and policy for voice, messaging and new generation data services to more than 90 network operators in over 50 countries.

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