Subex moves up on wining multi-million dollar deal from Middle East operator

Subex is currently trading at Rs. 50.70, up by 1.35 points or 2.74% from its previous closing of Rs. 49.35 on the BSE.

The scrip opened at Rs. 50.00 and has touched a high and low of Rs. 52.65 and Rs. 49.50 respectively. So far 10,81,658 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 94.90 on 12-Nov-2010 and a 52 week low of Rs. 45.85 on 25-May-2010.

Last one week high and low of the scrip stood at Rs. 55.65 and Rs. 48.95 respectively. The current market cap of the company is Rs. 344.47 crore.

The promoters holding in the company stood at 11.69% while Institutions and Non-Institutions held 24.75% and 50.29% respectively.

Subex, a leading global provider of Operations and Business Support Systems (OSS/BSS) for Communications Service Providers, will be providing its acclaimed and unique platform, Revenue Operations Center (ROC) for Fraud Management and Revenue Assurance to a Middle East fixed and mobile service provider, for a multi-million dollar deal.

These solutions will deliver additional value and help the service provider address any vulnerability to fraud and revenue leakages, by putting in place a formidable system to combat such leakages.

The ROC Fraud Management solution is built to drive fraud prevention by eliminating known frauds, uncovering new fraud patterns, minimizing fraud run time, augmenting internal controls, and supporting continuous fraud management process improvement. ROC Fraud Management detects known fraud types and patterns of unusual behaviour, helps investigate these unusual patterns for potential fraud, and uses the knowledge, thus generated, to upgrade and protect against future intrusions.

ROC Revenue Assurance solution is a first-of-its-kind, complete revenue assurance solution, designed to tackle critical challenges across the entire revenue chain. It offers a set of pre-configured solution templates to address revenue assurance challenges inherent to individual service verticals -- Wireless, Fixed, Cable MSPs, and MVNOs. These solution templates address revenue assurance issues across multiple functional areas, such as service fulfillment, usage integrity, retail billing, interconnect/wholesale billing, and content settlement.