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.
