Subex Announces $10mn of New Deals

Subex, Indian vendors of business assurance software, have announced 5 new customer contracts in emerging markets, worth USD10mn in total. You can read the press release here.

Two of the deals are in the Asia Pacific region, two from North Africa and one in the Middle East. The deals cover Subex’s revenue assurance, fraud management and credit risk offerings, some of which will be supplied as a managed service. Otherwise, details are scant, and it is unclear why these deals were presented in a single press release. This will raise suspicions that the operators involved are part of a single group; there are several groups with interests across the regions described. Nevertheless, USD10mn of new revenues will be a welcome boost to Subex, who recapitalized last year, with their revamped management team promising to reverse previous declines in sales.

Eric Priezkalns
Eric Priezkalns
Eric is the Editor of Commsrisk. Look here for more about the history of Commsrisk and the role played by Eric.

Eric is also the Director of the Risk & Assurance Group (RAG), a global association of professionals working in risk management and business assurance for communications providers.

Previously Eric was Director of Risk Management for Qatar Telecom and he has worked with Cable & Wireless, T‑Mobile, Sky, Worldcom and other telcos. He was lead author of Revenue Assurance: Expert Opinions for Communications Providers, published by CRC Press. He is a qualified chartered accountant, with degrees in information systems, and in mathematics and philosophy.