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BANGALORE, INDIA – Subex Ltd, a leading global provider of Business and Operations Support Systems (B/OSS) for Communications Service Providers, today announced its financial results for the first quarter ended June 30, 2014.

Performance Highlights for the quarter ended June 30, 2014

Revenue for the quarter at Rs. 6,518 lacs (US$ 10.9 million)
- License & Implementation at 24%, Managed Services at 38% & Support at 38 % of the total revenues
EBIDTA ex forex for the quarter at Rs. 419 lacs (US$ 0.7 million)
Operating Profit ex-forex for the quarter at Rs. 266 lacs (US$ 0.45 million)
Profit after Tax (PAT) for the quarter at Rs. (-)2,060 lacs (US$ (-)3.5 million)

Surjeet Singh, Managing Director & CEO, Subex Limited said, “The recognised revenue for the quarter is sequentially lower due to unavoidable delays; however these don’t reflect any change in the business momentum. We continue to see enhanced market need for our solution sets, in particular asset assurance, where we are partnering strategically with our customers to help optimise the capex spending besides providing insights into revenue items”.

About Subex Limited

Subex Limited is a leading global provider of Business and Operations Support Systems (B/OSS) that empowers communications service providers (CSPs) to achieve competitive advantage through Business Optimisation – thereby enabling them to improve their operational efficiency to deliver enhanced service experiences to subscribers.

The company pioneered the concept of a Revenue Operations Centre (ROC^®) – a centralized approach that sustains profitable growth and financial health through coordinated operational control. Subex’s product portfolio powers the ROC and its best-in-class solutions such as revenue assurance, fraud management, asset assurance, capacity management, data integrity management, credit risk management, cost management, route optimization and partner settlement. Subex also offers a scalable Managed Services program with 30 + customers.

Subex has been awarded the Global Market Share Leader in Financial Assurance 2012 by Frost & Sullivan and has been the winner of Pipeline Innovation Award 2013 in Business Intelligence & Analytics; Capacity Magazine Best Product/ Service 2013. Subex has continued to innovate with customers and have been jointly awarded the Global Telecoms Business Innovation Award 2014 along with Telstra Global; in 2012 with Idea Cellular for Managed Services and in 2011 with Swisscom for Fraud Management.Subex’s customers include 29 of top 50 operators^* and 33 of the world’s 50 biggest^# telecommunications service providers worldwide. The company has more than 300 installations across 70 countries.

*Total Telecom Top 500 Telecom Brands, 2013
^#Forbes’ Global 2000 list, 2014

For more information please visit www.subex.com/

LONDON, UK – Subex Ltd, a leading global provider of Business and Operations Support Systems (B/OSS) for Communications Service Providers (CSPs), has announced that the company has been selected to provide its industry leading ROC Revenue Assurance and Fraud Management solutions in a hybrid model by GO, a leading provider in Malta. The terms of the hybrid model contract would entail an initial Managed Services deployment period after which it will be converted into a license model engagement.

Subex’s leadership and domain expertise in the Revenue Assurance and Fraud Management space were seen as key value drivers during an intense vendor evaluation process.

Kelvin Camenzuli, Chief Technical Officer, GO plc said, “Protecting revenues across our telecoms offerings has always been a key focus and that was the decisive factor for choosing Subex’s ROC Fraud Management and Revenue Assurance solutions. Subex’s experience in the global revenue assurance space is unparalleled and we are confident that this engagement will enable us to enhance our business in a more effective manner”.

“This is an extremely unique win for us. A hybrid model of this nature has never been tried before in our space. Our technological innovativeness and product superiority played an important role in helping us win this deal. We look forward to an interesting and fruitful partnership with GO”, said Vinod Kumar, Chief Operating Officer, Subex Ltd.

Ingrid Azzopardi, Group Internal Auditor, GO plc explained that, “Thanks to the investment in Subex ROC Fraud Management, GO plc is better equipped to detect at an early stage any irregularities on its network and to protect its customers from fraudulent activity on their service”.

“Subex Revenue Assurance module has provided GO the opportunity to consolidate an end-to-end assurance for identified services provided to its esteemed customers” commented Pierre Debrincat, Senior Manager Financial Control, GO plc.

Subex’s ROC Revenue Assurance is the industry’s first revenue assurance solution that simplifies RA. The solution helps customers in addressing revenue assurance challenges inherent to individual service verticals: Wireless, Fixed, Cable MSPs, and MVNOs. It also helps them address revenue assurance across multiple functional areas such as service fulfillment, usage integrity, retail billing, interconnect/wholesale billing, and content settlement in addition to revenue management in marketing, campaign management, offer development and lead management. This in-turn enables customers to dramatically reduce the time required to implement or extend the coverage of their revenue management system and practices.

Subex’s ROC Fraud Management solution ensures a rapid return on investment (ROI) by offering the strongest fraud management capabilities, increasing compliance, reducing risk, and providing economies of scope. Subex’s detailed business benefit modeling tools allow customers to determine ROI, build reliable business cases, and explicitly see the value that our solution can bring to their business.

About Subex Limited

*Total Telecom Top 500 Telecom Brands, 2013
^#Forbes’ Global 2000 list, 2014

About GO

GO is Malta’s first quadruple play operator, a truly converged and integrated communications and entertainment company with a wide range of services. As Malta’s leading provider of telecommunications services, GO offers fixed phone, mobile telephony, broadband internet services, digital tv, in addition to business-related services like data networking solutions, business IP services, managed and co-location facilities. GO powers over 500,000 customer connections and services – thus making it the largest communications provider in Malta.

GO has been in the business of communications for the past 30 years and its major shareholder is Emirates International Telecommunications LLC (EIT), a joint venture between TECOM Investments and Dubai Investment Group – both part of Dubai Holding. The remaining shares are traded on the Malta Stock Exchange.

For more information please visit www.subex.com/

BANGALORE, INDIA – Subex Ltd, a leading global provider of Business and Operations Support Systems (B/OSS) for Communications Service Providers (CSPs), will be leading the Capital Asset Management catalyst that will be demonstrated at TM Forum Live! 2014, Nice, France at The Hub, Zone 2, 2.3. The goal of the project is to demonstrate a comprehensive, repeatable and scalable approach to understand and effectively manage all facets of network asset management.

Smarter network capital spending is now a critical need across operators. Effective, demonstrable programs around capital expenditure and network asset lifecycle management are rapidly becoming a boardroom level issue for telecoms operators. Implementing a comprehensive solution of Network Asset Management which manages, oversees, and predicts all facets of network capital expenditure is now required to provide management with the right actionable intelligence to make more informed and better capex decisions.

To explore more into the Asset Management space, Subex and other participating companies, along with TM Forum and Operator champion Econet have recently launched the Asset Management Project, to bring standards into the Network Capex and Network Optimisation practices within operators globally. With multi-billion dollar network capex budgets across operators, and a multi-trillion dollar industry spend annually, the Asset Management project at TM Forum has turned attention to creating processes, controls, and ultimately program standards and recommendations to help optimize the biggest capital spend line item in every operator’s budget today:Network Investment.

The Asset Management Group has been established for TM Forum members to collaborate in defining guidelines to set network asset policies, track assets and manage the overall corporate balance sheet.

“We are honoured to lead the TMForum Capital Asset Management catalyst and work with other participants to bring standards into the network capex practices within operators globally. The catalyst at Nice will showcase use cases on Procurement Gating, Decommission Management, Capital Management, Asset Tracking, and Time to Value Monitoring,” said John Brooks, VP – Product Management at Subex.

The Asset Management project has created the first ever operator asset management survey to understand network capex planning and budgeting activities across different operators, managing different networks, across every region in the world today. The understanding, commonalities, differences, and challenges faced by operators will all be captured, and results and insights produced in a final analysis that should prove highly valuable to both Network and Finance organizations globally.

About Subex Limited

*Total Telecom Top 500 Telecom Brands, 2013
^#Forbes’ Global 2000 list, 2014

For more information please visit www.subex.com/

MUMBAI, INDIA – Subex Ltd, a leading global provider of Business and Operations Support Systems (B/OSS) for Communications Service Providers, today announced its financial results for the year ended March 31, 2014.

Performance Highlights for the period ended March 31, 2014

Revenue from Product Business for the year at Rs. 34,005 lacs (US$ 58.0 million) and for the quarter at Rs. 8,541 lacs (US$ 14.20 million)
- Up by 10.64% YoY from Rs. 30,734 lacs (US$ 57.2 million)
- License & Implementation at 40%, Managed Services at 27%, Support at 33% of the total revenue for the year

EBIDTA ex forex for the year at Rs. 8,678 lacs (US$ 14.8 million) and for the quarter at Rs. 2,376 lacs (US$ 4.0 million)
- Up by 77.7% YoY from Rs. 4,882 lacs (US$ 8.6 million)

Operating Profit ex-forex for the year at Rs. 7,978 lacs (US$ 13.2 million) and for the quarter at Rs. 1,728 lacs (US$ 2.87 million)

- - Up by 79% YoY from Rs. 4,455.00 lacs (US$ 7.67 million)

Profit after Tax (ex forex) for the year at Rs. 517 lacs (US$ 8.6 million) and for the quarter at Rs. 131 lacs (US$ 2.17 million)

- - Up by 110.44% YoY from a loss of Rs. 5,049 lacs (US$ 9.3 million)
  - Forex loss for the year at Rs. (1,678) lacs (US$ 2.78 million) as compared to forex loss of Rs. (655) lacs (US$ 1.21 million) for the previous quarter

Surjeet Singh, Managing Director & CEO, Subex Limited said, “We have ended another strong year with significant increase in our EBITDA of 77.7% and our operating margins are up by 79% as compared to year. Our performance in the past quarter is true testimony of our clarity of purpose and mission of stability. Our Bangalore and London office were recently certified the ISO 27001 certificate and we were jointly awarded the prestigious GTB Innovation Award 2014 along with Telstra for Business Service Innovation. These industry recognitions are a testimony of our sustained focus on product innovation and on strategic growth areas such as ROC Asset Assurance and Managed Services, and we will strive hard to continue to invest in improving our solutions to meet the dynamic needs of the telecom industry”

“India ratings & Research Pvt. Ltd. has accorded Subex an Investment grade rating in respect of our Bank borrowings”, he added.

About Subex Limited

Subex has been awarded the Global Market Share Leader in Financial Assurance 2012 by Frost & Sullivan and has been the winner of Pipeline Innovation Award 2013 in Business Intelligence & Analytics; Capacity Magazine Best Product/ Service 2013. Subex has continued to innovate with customers and have been jointly awarded the Global Telecoms Business Innovation Award 2014 along with Telstra; in 2012 with Idea Cellular for Managed Services and in 2011 with Swisscom for Fraud Management. Subex’s customers include 29 of top 50 operators^* and 33 of the world’s 50 biggest^# telecommunications service providers worldwide. The company has more than 300 installations across 70 countries.

*Total Telecom Top 500 Telecom Brands, 2013
^#Forbes’ Global 2000 list, 2014

For more information please visit www.subex.com/

London, UK – Subex Ltd, a leading global provider of Business and Operations Support Systems (B/OSS) for Communications Service Providers (CSPs), announced that it has been awarded the Global Telecoms Business Innovation (GTB) Awards 2014 along with Telstra Global in the ‘Business Service Innovation’ category for Unified Billing operations using ROC Partner Settlement.

This is the third time Subex has won the prestigious GTB Innovation Awards. The Global Telecoms Business Innovation Awards have been in existence since 2007 and recognizes innovations that contribute to improved business efficiencies in the telecoms world.

Subex and Telstra Global entered into a strategic partnership program with the objective of successfully implementing a platform to support enterprise billing along with the ability to support billing of multiple countries on the same platform and partition of data separately for security and business purpose. The solution provided the operator with a robust functionality, enabling a unified billing/settlement processes across all countries of operation.

Vinod Kumar, Chief Operating Officer, Subex, said, “This is a matter of great pride and honour for us to be awarded the Global Telecoms Business Innovation Award. The award reinforces our strong commitment towards our customers and is testament of our core value of continuous innovation to keep up with the changing needs of the industry.”

With more than 60 global installations, ROC Partner Settlement solution enables CSPs to quickly and accurately settle charges with their network and content partners. The solution’s flexibility, scalability and ease of use enable operators to manage complex interconnect billing and agreements efficiently and accurately. Subex was also recently awarded the prestigious Global Carriers Awards 2013 by Capacity Magazine for ROC Partner Settlement solution.

To know more about the ROC Partner Settlement solution, download the “Wholesale Systems for Advanced Services” survey conducted by Subex along with Technology Research Institute (TRI) and Global Settlements Carrier Group (GSC).

About Subex Limited

Subex Limited is a leading global provider of Business Support Systems (B/OSS) that empowers communications service providers (CSPs) to achieve competitive advantage through Business Optimisation – thereby enabling them to improve their operational efficiency to deliver enhanced service experiences to subscribers.

The company pioneered the concept of a Revenue Operations Center (ROC®) – a centralized approach that sustains profitable growth and financial health through coordinated operational control. Subex’s product portfolio powers the ROC and its best-in-class solutions such as revenue assurance, fraud management, asset assurance, capacity management, data integrity management, credit risk management, cost management, route optimization and partner settlement. Subex also offers a scalable Managed Services program with 30 + customers.

Subex has been awarded the Global Market Share Leader in Financial Assurance 2012 by Frost & Sullivan and has been the winner of Pipeline Innovation Award 2013 in Business Intelligence & Analytics; Capacity Magazine Best Product/ Service 2013. Subex has continued to innovate with customers and have been jointly awarded the Global Telecoms Business Innovation Award for 2012 with Idea Cellular for Managed Services and in 2011 with Swisscom for Fraud Management.
Subex’s customers include 29 of top 50 operators^* and 33 of the world’s 50 biggest^# telecommunications service providers worldwide. The company has more than 300 installations across 70 countries.

*Total Telecom Top 500 Telecom Brands, 2013
^#Forbes’ Global 2000 list, 2013

Mumbai, India – Subex Ltd, a leading global provider of Business Support Systems (BSS) for Communications Service Providers, today announced its financial results for the third quarter ended December 31, 2013.

Performance Highlights for the quarter ended December 31, 2013

Revenues for the quarter at Rs. 9,144 lacs (US$ 15.3 million)
- Up by 7% QoQ from Rs 8,544 lacs
- License & Implementation at 43%, Managed Services at 25%, Support at 32% of the total revenue

EBIDTA ex forex for the quarter at Rs. 2,645 lacs (US$ 4.4 million)
- Up by 27% QoQ from Rs. 2,088 lacs (US $ 3.6 million)

Operating Profit ex-forex for the quarter at Rs. 2,585 lacs (US$ 4.3 million)
- Up by 27.5 % QoQ from Rs. 2,028 lacs (US$ 3.43 million)

Profit after Tax (ex forex) for the quarter at Rs. 535 lacs (US$ 0.9 million)
- Up by 16 % QoQ from Rs. 461.6 lacs (US$ 0.78 million)
- Forex Gain/(loss) for the quarter at Rs. (1,379) lacs (US$ -2.30 million) as compared to forex gain/(loss) of Rs. (305) lacs ( US$ -0.52 million) for the previous quarter

Surjeet Singh, Managing Director & CEO, Subex Limited said, “We have ended another strong quarter. There is a significant increase in our EBITDA of 27% and our operating margins are up by 27.5% as compared to last quarter. Our performance in the past quarter is true testimony of our clarity of purpose and mission of stability. We recently won five new customer deals, worth USD $10 million, across key emerging markets and going forward are extremely optimistic about our order pipeline. With positive market momentum and uptake of our ROC Asset Assurance and Managed Services offerings, we are confident of gaining greater business traction going forward.”

About Subex Limited

Subex Limited is a leading global provider of Business Support Systems (BSS) that empowers communications service providers (CSPs) to achieve competitive advantage through Business Optimisation – thereby enabling them to improve their operational efficiency to deliver enhanced service experiences to subscribers.

The company pioneered the concept of a Revenue Operations Cente (ROC®) – a centralized approach that sustains profitable growth and financial health through coordinated operational control. Subex’s product portfolio powers the ROC and its best-in-class solutions such as revenue assurance, fraud management, asset assurance, capacity management, data integrity management, credit risk management, cost management, route optimization and partner settlement. Subex also offers a scalable Managed Services program with 30 + customers.

Subex has been awarded the Global Market Share Leader in Financial Assurance 2012 by Frost & Sullivan and has been the winner of Pipeline Innovation Award 2013 in Business Intelligence & Analytics; Capacity Magazine Best Product/ Service 2013. Subex has continued to innovate with customers and have been jointly awarded the Global Telecoms Business Innovation Award for 2012 with Idea Cellular for Managed Services and in 2011 with Swisscom for Fraud Management.
Subex’s customers include 29 of top 50 operators^* and 33 of the world’s 50 biggest^# telecommunications service providers worldwide. The company has more than 300 installations across 70 countries.

*Total Telecom Top 500 Telecom Brands, 2013
^#Forbes’ Global 2000 list, 2013

Bangalore, India – Subex Ltd, a leading global provider of Business Support Systems (BSS) for Communications Service Providers (CSPs), announced that it has won five new customer deals, worth USD $10 million, across key emerging markets.

Subex participated and won these highly competitive bids against competition to provide its industry-leading Revenue Assurance, Fraud Management and Credit Risk Management solutions, few of them as Managed Services. Two of the wins are from APAC, two from North Africa and one from the Middle East.

Vinod Kumar, Chief Operating Officer said, “We have started the new year strongly. We have been on top of the pack winning highly competitive bids.

These wins give us great impetus to remain focused on larger opportunities as we continue to make investments in key markets and expand our footprint. With renewed focus on our core products and with increased market momentum for our ROC Asset Assurance solution, we are fairly optimistic of growth in Subex 2.0.”

ROC Revenue Assurance is the telecom industry’s first revenue assurance solution that simplifies RA. It tackles critical challenges across the entire revenue chain with ease and offers two path breaking concepts: RevenuePad and Zen; which simplifies and speed up the process of revenue recovery. It helps customers in addressing revenue assurance challenges inherent to individual service verticals: Wireless, Fixed, Cable MSPs, and MVNOs. This industry leading solution continues to help add value to the business of telecom services providers globally across 6 continents.

ROC Fraud Management from Subex 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 identifies potential fraudsters by pre- and post-acquisition profiling. The solution enables real-time responses to suspected fraud cases and uses adaptive artificial intelligence (AI) techniques to prioritize and qualify its fraud alerts.

About Subex Limited

Subex’s customers include 29 of top 50 operators^* and 33 of the world’s 50 biggest^# telecommunications service providers worldwide. The company has more than 300 installations across 70 countries.

*Total Telecom Top 500 Telecom Brands, 2013
^#Forbes’ Global 2000 list, 2013

Bangalore, India – Subex Ltd, a leading global provider of Business Support Systems (BSS) for Communications Service Providers (CSPs) will be hosting its South Asia User Meet on the 16th of January, 2014 in New Delhi, India. The speakers for the conference include delegates from leading Communications Service Providers.

Romal Shetty, COO – Advisory at KPMG will be the keynote for the event. Other key speakers include Dr. Sumit Chowdhury – President & Chief Information Officer at Reliance Jio Infocom Ltd. who will speak about ‘4G Eco-system’, Venkatraman Iyer – DGM – Head Fraud Management Strategy at Bharti Airtel Limited who will hold a session on Mobile Money and Rajeev Batra, CIO at MTS India who will discuss on improving network efficiency.

Themed “Connect, Communicate, Collaborate”, the conference will provide the perfect stage to discuss current market dynamics and challenges, provide customers with an excellent opportunity to engage and learn from collective experiences while sharing best practices and feedback. Apart from roadmaps and workshops on the company’s core products – ROC Revenue Assurance and Fraud Management, the conference includes sessions on new areas such as Asset Assurance and Mobile Money.

Vinod Kumar, COO, Subex Ltd. said, “The Subex South Asia User Meet will be an ideal platform for our South Asia users to interact, identify need and discuss the industry at large. The conference will provide an excellent opportunity for our users to engage and discuss current market trends and familiarize with Subex’s solutions through the planned workshops. We look forward to an enriching experience and welcome all our customers and partners.”

The Subex South Asia User Meet will be held on January 16, 2014 at Hotel Radisson Blu Plaza, Delhi.

About Subex Limited

The company pioneered the concept of a Revenue Operations Center (ROC^®) a centralized approach that sustains profitable growth and financial health through coordinated operational control. Subex’s product portfolio powers the ROC and its best-in-class solutions such as revenue assurance, fraud management, asset assurance, capacity management, data integrity management, credit risk management, cost management, route optimization and partner settlement.

Subex also offers a scalable Managed Services program and has been the market leader in Revenue Assurance and Fraud Management for 2 years in a row according to Gartner (2010 & 2011). Subex has also been enjoying market leadership in Business Optimisation for five consecutive years according to Analysys Mason (2007, 2008, 2009, 2010 & 2011). Business Optimisation includes fraud, revenue assurance, analytics, cost management and credit risk management. Subex has been awarded the Global Telecoms Business Innovation Award for 2012 along with Idea Cellular and 2011 along with Swisscom for fraud management. Subex has also been awarded the Global Market Share Leader in Financial Assurance 2012 by Frost & Sullivan.

*Total Telecom Top 500 Telecom Brands, 2013
^#Forbes’ Global 2000 list, 2013

Amsterdam, Netherlands – Subex Ltd, a leading global provider of Business Support Systems (BSS) for Communications Service Providers (CSPs), has announced that its ROC Partner Settlement product has been awarded ‘Runners-up’ in the prestigious Global Carriers Awards 2013 by Capacity Magazine under the ‘Best Global Product/Service’ category.

The Capacity Global Carrier Award’s are the only dedicated event for the telecoms wholesale sector. The awards celebrate innovation, excellence and vision and set the benchmark for outstanding performance throughout the global wholesale telecoms marketplace.

Alex Hawkes, Editor, Capacity Magazine said, “We are very pleased with the level of entries this year for the Global Carriers Award 2013 and it was a difficult decision to pick up the winners amongst the shortlists. Subex’s ROC Partner Settlement is one amongst the best innovative products which allows operators to quickly and accurately settle charges with interconnect, network and content partners on a single, modular platform. Congratulations to the Subex team”.

The wholesale market is growing exponentially with the evolving communications marketplace pushing CSPs to engage with partners and suppliers more significantly. Receiving the Global Carriers Award 2013 in the Best product/ service category is a significant achievement and we are extremely pleased with this validation of the superiority of our wholesale offering,” said Vinod Kumar, Chief Operating Officer, Subex Limited.

He added, “With a new approach to billing & settlements, ROC Partner Settlement provides a new age user interface approach of targeting a gamut of next generation services as against just traditional services such as voice, thus helping carriers to handle assorted sets of content and data services in a converged solution. This milestone encourages us to continue to challenge ourselves to keep on adding more value to our customers”.

ROC Partner Settlement allows operators to quickly and accurately settle charges with their network and content partners. It helps operators improve efficiency through light touch and automation, accurate billing and settlement and prudent accrual provisioning. Catering to the need for visibility of each deal’s impact on an operator’s bottom line owing to shrinking margins, the solution provides strong coverage in all areas from order to cash. It enables operators to manage costs and revenues on interconnect and partner agreements with domestic and international operators as well as content partners on a day-to-day, and hour-to-hour basis.

Subex along with Technology Research Institute (TRI) and Global Settlements Carrier Group (GSC) recently conducted a survey to better understand the changing wholesale landscape. Click here to download the report.

About Subex Limited

*Total Telecom Top 500 Telecom Brands, 2013
^#Forbes’ Global 2000 list, 2013