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11^TH MAY 2020, BENGALURU, INDIA – Subex, a pioneer in the space of Digital Trust, today announced its consolidated financial results for the year ended 31st Mar 2020.

Performance Highlights for the year ended 31st Mar 2020:

Revenue for the year at INR 3,650 million as against INR 3,481 million in FY19
EBIDTA* for the year at INR 862 million as against INR 514 million in FY19
Profit after Tax (PAT) excluding exceptional items for the year at INR 485 million as against INR 252 million in FY19

Performance Highlights for the quarter ended 31st Mar 2020:

Revenue for the quarter at INR 1,043 million as against INR 961 million in FY20 Q3
EBIDTA* for the quarter at INR 300 million as against INR 230 million in FY20 Q3
Profit after Tax (PAT) for the quarter at INR 320 million as against Rs. 49 million excluding exceptional item in FY20 Q3

Vinod Kumar, Managing Director & CEO, Subex said, “Despite the turbulence towards the end of the last quarter on account of the COVID crisis, we ended FY20 on a positive note, with a 5% growth in revenues. Our EBITDA* for the year also witnessed a strong improvement from 15% in FY19 to 24% in FY20. Our focus on managing liquidity and improving collections resulted in generating free cash flows of Rs 57.47 Crore in FY20 and thereby creating a healthy cash balance of Rs 90.43 Crore, as on the end of March 2020.

On account of the COVID situation, we have put in place all measures to ensure the safety and well-being of Subexians. Having enabled 100% work from home in all geographies that we operate, we have been equally focused on maintaining business as usual and limiting the impact to our customers, if any, to a minimum. We are very proud to be partners to telecom operators, who play a critical role in enabling the larger society to quickly transition to functioning from home, thereby limiting the spread of the virus. While we intend to continue pressing ahead with expanding our Digital Trust offerings, we will closely monitor the market situation and adapt accordingly.”

Highlights of the Year

Enhanced Digital Trust portfolio and initiated expansion into Fintech and E-commerce segments during the year through new products
Announced a multi-year partnership with Econet Wireless Zimbabwe to deploy Analytics Centre of Trust
Partnered with Telefonica on a new Cybersecurity Venture
Collaborated with Town of Florence, Arizona to establish IoT security lab
Announced its participation in ITW Global Leaders’ Forum’s Communications Blockchain Network (CBN), a blockchain-based consortium which aims to revolutionize the ICT Service Provider industry’s commercial settlement infrastructure
Renewed Multi-Year Contract with Viva Kuwait for Revenue Assurance and Fraud Management
Partnered Rhino Niger Networks to offer Telecom Analytics Solutions in Africa
Released State of IoT Security Report
Announce first-of-its-kind alliance with Risk and Assurance Group to leverage Blockchain for combatting fraud
Secured 5-year deal from Jawwal for ROC Fraud Management and ROC Revenue Assurance
Renewed Multi-Year Contract with Viva Kuwait for Revenue Assurance and Fraud Management

Financial Restructuring

The Board of Directors in its meeting held on 07th Feb 2020, has approved filing a scheme of Capital reduction with the stock exchanges, in accordance with Section 52 of the Companies Act, 2013 and Section 66 of the Companies Act, 2013 read with National Company Law Tribunal (‘NCLT’) (Procedure for reduction of the share capital of Company) Rules, 2016 and other applicable provisions of the Companies Act, 2013. Subject to the consent of the Shareholders and the approval from NCLT and other statutory authorities as and where applicable, the Accumulated Losses shall be written off against the paid-up share capital of the Company The aforesaid write off against the paid-up share capital would be achieved by reducing the face value of the equity shares from Rs 10/- to Rs 5/- each.

About Subex

Subex is a pioneer in enabling Digital Trust for businesses across the globe.

Founded in 1992, Subex has spent over 25 years in helping global Communications Service Providers maximize their revenues and profitability. With a legacy of having served the market through its world-class solutions for business optimization and analytics, Subex is now leading the way by enabling all-round Digital Trust in the business ecosystems of its customers. Focusing on privacy, security, risk mitigation, predictability, and confidence in data, Subex helps businesses embrace the disruptive changes in the business landscape and succeed with Digital Trust.

Subex leverages its award-winning product portfolio in areas such as Revenue Assurance, Fraud Management, Network Analytics, and Partner Management, and complements them through its digital solutions such as IoT Security and Insights. Subex also offers scalable Managed Services and Business Consulting services. Subex has more than 300 installations across 90+ countries.

Rise in sophisticated attacks, bot networks, attacks on critical infrastructure using evolved malware dominated the threat landscape in 2019

27^th FEBRUARY 2020, BENGALURU, INDIA – Subex has published the findings of its annual Threat Landscape Report 2019. The report, prepared using threat intelligence gathered from Subex’s global honeypot network now operational in 62 cities globally, has presented ten key global trends that have the most significant implications for enterprises, governments, citizens, and other stakeholders. The report highlights rising malware complexity and sophistication, increasing reconnaissance capabilities of hackers, and increasing attacks on common IoT devices and critical infrastructure as areas of concern needing immediate intervention.

New York, New Delhi, Atlanta, London, and Kyiv are among the most attacked cities globally. 2019 saw the large-scale introduction of new malware coinciding with geopolitical events in South Asia, the Middle East, and North America. The expansion of bot networks into new geographies has also contributed to the growth in cyberattacks globally. Attacks across classes grew significantly, with crypto mining attacks registering an 8 percent increase over 2018.

The report also found differences in patterns of attacks registered in certain regions and countries. For instance, in the USA, there were differences in industries targeted by hackers on the East Coast and the West coast. Middle East region was a hotbed of reconnaissance activity while India registered a whopping 34 percent increase in inbound cyber attacks over 2018. India accounted for as much as 3 percent of all new malware detected, and the country also registered the presence of many variants of common malware such as Mirai. A significant proportion of these variants were not detected anywhere else.

The report provides a threat forecast for 2020.

Key trends observed in 2019:

Revenue leakage attributable to cyberattacks remain a source of concern
Surveillance cameras remain the most attacked category of devices
Most attacked regions – NA, South Asia, and the Middle East
Malware prices have registered a significant increase in H2 2019
Ransomware is the most common category of malware detected
Global increase in reconnaissance (listening) attacks on critical infrastructure
Significant increase in outbound attacks from China targeting India
Ukraine, Slovenia, and India reported many variants of common malware
Increase in the detection of malware engineered in academic/ other sophisticated labs

“Our continuing efforts to monitor the global threat environment and the results it has yielded has led us to believe that hackers, malware developers and other entities are ramping up their efforts to monitor, break into, steal data from and disrupt the operations of a range of businesses and institutions. These findings should be seen in the larger context of the evolving threat environment that surrounds Information Technology, Operational Tech, and Internet of Things deployments and infrastructure. We hope this report helps cybersecurity decisionmakers and stakeholders to take appropriate decisions and interventions,” said Vinod Kumar, Managing Director & CEO, Subex.

You can read the full report here : Click here

About Subex

Subex is a pioneer in enabling Digital Trust and Optimization for Communication Service Providers. Founded in 1992, Subex has spent over 25 years in enabling 3/4th of the largest 50 CSPs globally achieve competitive advantage. By leveraging data which is gathered across networks, customers, and systems coupled with its domain knowledge and the capabilities of its core solutions, Subex helps CSPs to drive new business models, enhance customer experience and optimize enterprises.

Subex leverages its award-winning product portfolio in areas such as Revenue Assurance, Fraud Management, Asset Assurance and Partner Management, and complements them through its digital solutions such as IoT Security and Insights. Subex also offers scalable Managed Services and Business Consulting services.

Subex has more than 300 installations across 90+ countries.

Prachi Zalani
Genesis Burson Marsteller
+91 96069 00307
Prachi.zalani@genesis-bcw.com

7^th February 2020, BENGALURU, INDIA – Subex, a leading telecom analytics solution provider, today announced its consolidated financial results for the year ended December 31, 2019.

Performance Highlights for the quarter ended December 31, 2019:

Revenue for the quarter at INR 961 million as against INR 857 million in FY20 Q2
EBITDA* for the quarter at INR 230 million as against INR180 million in FY20 Q2
Profit before Tax* (PBT) for the quarter at INR 134 million as against INR 171 million in FY20 Q2

Highlights of the Quarter

Subex and RAG announce first of its kind alliance to leverage Blockchain for combatting fraud
Subex secures 5-year deal from Jawwal for ROC Fraud Management and ROC Revenue Assurance

Highlights of the Restructuring

The Board of Directors in its meeting held on February 07, 2020, has approved a scheme of Capital reduction, in accordance with Section 52 of the Companies Act, 2013 and Section 66 of the Companies Act, 2013 read with National Company Law Tribunal (‘NCLT’) (Procedure for reduction of share capital of Company) Rules, 2016 and other applicable provisions of the Companies Act, 2013. Subject to the consent of the shareholders and the approval from NCLT and other statutory authorities as and where applicable, the accumulated losses shall be written off against the paid-up share capital of the company. The aforesaid write off against the paid-up share capital would be achieved by reducing the face value of the equity shares from Rs 10/- to Rs 5/- each.

Appointments

Appointment of Mr. Shiva Shankar Naga Roddam as a Whole-time Director & Chief Operating Officer of the Company with effect from February 7th, 2020 for a period of three years.

Vinod Kumar, Managing Director & CEO, Subex said, “Digital Trust is quickly becoming top priority among global leaders and is attracting more investments from businesses and governments towards securing their digital future.

We continue to execute our focused strategy towards Digital Trust and this has enabled us to compete well and win large deals. On the financial front, the revenues and EBITDA for the quarter are in line with our expectations, despite the macroeconomic slowdown.

The restructuring of our financials approved by the board today will enable us to have a rational structure that is commensurate with our current business, allowing us to better service the equity. “

Elaborating on the restructuring, Venkataraman GS, CFO, Subex said, “As part of the exercise, the proposed capital reduction will be achieved by writing off the accumulated losses against the share capital and share premium of the company. This would help us position ourselves better in the market and undertake business activities efficiently. The restructuring, after full implementation, will result in making our balance sheet leaner and downsized”

About Subex

Subex is a pioneer in enabling Digital Trust for businesses across the globe.

Founded in 1992, Subex has spent over 25 years in helping global Communications Service Providers maximize their revenues and profitability.

With a legacy of having served the market through its world-class solutions for business optimization and analytics, Subex is now leading the way by enabling all-round Digital Trust in the business ecosystems of its customers. Focusing on privacy, security, risk mitigation, predictability and confidence in data, Subex helps businesses embrace the disruptive changes in the business landscape and succeed with Digital Trust.

Subex has more than 300 installations across 90+ countries.

8^TH JANUARY, 2020, BENGALURU – Subex, a leading telecom analytics solutions provider, today announced a five-year expansion of coverage of their partnership with Jawwal, the foremost mobile network operator in Palestine, to provide an upgrade with the latest versions of ROC Revenue Assurance and ROC Fraud Management. As a partner of Subex since 2014, Jawwal extended the engagement to an additional five years, which will enable them to cover their recently launched digital services and will help them reduce revenue leakages.

As Jawwal continues to establish its presence in the digital services market, the CSP aims to build new revenue streams and reduce risks from fraudulent practices, while delivering a consistently high quality of service to their customers. Using Subex’s revenue assurance and fraud management solutions, Jawwal will transform itself into a holistic digital service provider by using insights into their business/ operations support systems (B/OSS) and avail a comprehensive coverage against traditional and new-age frauds. As part of the new deal, the expanded scope will cover Jawwal’s existing offerings, as well as new ones through controls for Digital Service Assurance, Mobile Money, Rating Assurance, Number Portability and Revenue Recognition. This will allow the CSP to offer its customers with the profitable digital offerings, while ensuring a positive experience.

Commenting on the partnership Shankar Roddam, Chief Operating Officer, Subex said, “We are delighted to extend our partnership agreement with Jawwal. Global telecom market has become very competitive with the demand for diverse digital offerings and in order to stay ahead of the curve telecom services providers have already embarked upon the journey to become a Digital Services Provider. This holds especially true for a dynamic ecosystem like Palestine, where the telecom industry has been a major growth enabler. Jawwal is among the torchbearers in bringing digital services to the region and it gives Subex great pleasure to be a long serving trusted partner to Jawwal. We are confident that our expertise in addressing complex risks and enabling trust will go a long way in helping Jawwal meet their strategic objectives.”

“Given the critical juncture of digitalization that the Palestine market is, it is important that we engage with partners who have proven experience of enabling success in fast-paced environments. Subex’s rich domain expertise and technological prowess, coupled with their global exposure will help us roll out innovative offerings profitably to ensure that we continue to be the top telecom service provider in the region. The upgraded system will help us achieve tangible success by enhancing customer experience and protecting our revenues.,” said Abdul Majeed Melhem, General Manager, Jawwal.

Subex ROC™ Revenue Assurance offers a comprehensive view of an enterprise by providing better visibility into risks surrounding operations, revenue and margins. Meanwhile, Subex ROC™ Fraud Management combines a traditional rules engine, advanced machine learning capabilities, and a scalable architecture to proactively detect fraudulent activities on the network. With more than two and half decades of experience and over 250+ domain experts, Subex has been working with customers to help them transform their business in six continents.

About Subex:

Subex is a leading telecom analytics solutions provider, enabling a digital future for global telcos.

Founded in 1992, Subex has spent over 25 years in enabling 3/4th of the largest 50 CSPs globally achieve competitive advantage. By leveraging data which is gathered across networks, customers, and systems coupled with its domain knowledge and the capabilities of its core solutions, Subex helps CSPs to drive new business models, enhance customer experience and optimise enterprises.

Subex has more than 300 installations across 90+ countries.

10^th DECEMBER 2019, BENGALURU, INDIA – Subex, a leading telecom analytics solutions provider, today announced it has joined hands with the Risk & Assurance Group (RAG) to provide a blockchain-based fraud management solution to its customers. As part of this alliance, Subex becomes part of the RAG Wangiri Blockchain Consortium which seeks to use Blockchain technology to gather real-time industry threat intelligence about fraudsters. The consortium includes some of the world’s leading Communications Service Providers (CSP) from North America, Europe, Africa, and Asia.

Fraud continues to be a major problem for telecom operators, costing them billions of dollars annually. With technology enabling fraudsters to outsmart traditional fraud management controls, solutions that can enable data exchange in real-time are the need of the hour for operators. By partnering with the RAG Wangiri Blockchain Consortium, Subex aims to provide its customers with a decentralized and cryptographically secure blockchain ledger of fraud-related information. The ledger is already supported by CSPs across the globe, synchronized and made available to all consortium members in real-time. Subex will make it easy for users of their ROC Fraud Management solution to update and utilize this common repository. Existing customers using compatible versions of ROC Fraud Management will be able to take advantage of this threat intelligence database. The improved quantity, quality and timeliness of fraud-related data will benefit Subex’s clients whilst helping the whole industry by increasing the number and diversity of CSPs that share information about fraud. The first use case focusses on Wangiri fraud, which is a global and increasing problem for telcos and their customers.

Commenting on the partnership Rohit Maheshwari, Head – Strategy and Products, Subex said, “The threat of fraud is ever-looming and telecom operators are consistently challenged to keep up with the increasing sophistication of fraudsters in today’s digital ecosystem. While data exchange between operators has always been touted as a solution to the problem, past industry efforts have been limited and largely offline. We, at Subex, are excited about the promise of RAG Wangiri Blockchain as it enables an API based mechanism for telecom operators to exchange data, allowing them to respond to threats faster than ever before. Further this will be one of the first large scale blockchain based efforts in the fraud data exchange space. Blockchain functions well in consortium-type environments that require high levels of trust and auditability in the data that is shared between consortium members. We believe this is a great opportunity for the industry to come together and move collectively against fraud. Moreover, from an organizational standpoint, this is in line with our aspiration to play a role towards enabling collaboration and contributing further to the fraud management community.”

“We are thrilled to be working with Subex on this global initiative,” said Eric Priezkalns, Chief Executive of RAG. “The telecoms industry has repeatedly tried to use common databases to share information about crime, but the results have usually been disappointing. Put simply, old technology meant updating the database was too slow and burdensome. The distributed and secure nature of Blockchain eliminates many obstacles to the exchange of data, which is why a wide range of telcos have already joined our anti-wangiri consortium. Linking Subex’s market-leading Fraud Management System to our Blockchain ledger will make it even more straightforward for telcos to contribute and receive fraud intelligence from other telcos within their country and overseas.”

“Subex is a supplier to most of the world’s largest telcos and their fraud management systems have a reputation which is second to none,” continued Priezkalns. “I believe that connecting the Fraud Management Systems supplied by Subex to the RAG Wangiri Blockchain will be a major leap forward for global fraud prevention. It will help us to realize the dream of an industry that seamlessly works together to defeat fraud and protect subscribers everywhere.”

Besides Wangiri fraud, the consortium will also look to increase its coverage to areas such us

international premium range fraud numbering, fraudulent IP address information, and stolen devices in the future.

About Subex:

Subex is a leading telecom analytics solutions provider, enabling a digital future for global telcos.

Subex has more than 300 installations across 90+ countries.

About the Risk & Assurance Group:

The Risk & Assurance Group (RAG) is dedicated to improving the practice of risk management, business assurance, fraud management and security within the providers of electronic communications services. RAG is a not-for-profit corporation run by experts in the field of risk and assurance within telcos. Its goal is to facilitate the education and networking of professionals in order to improve standards of performance, reduce waste, and better serve customers. Practitioners may attend our events and access our online services free of charge; financial support is provided by specialist vendors with an interest in highlighting the importance of the work done in this field, and in expanding its remit.

8^TH NOVEMBER 2019, BENGALURU, INDIA – Subex, a leading telecom analytics solution provider, today announced its consolidated financial results for the year ended September 30, 2019.

Performance Highlights for the quarter ended September 30, 2019:

Revenue for the quarter at INR 857 million up by 8.6% QoQ from INR 789 million in FY20 Q1
EBITDA* for the year at INR 180 million up by 18.4% QoQ from INR 152 million in FY20 Q1
Profit after Tax (PAT) for the quarter at INR 63 million up by 18.9% from INR 53 million in FY20 Q1

Highlights of the Quarter

Renewed Multi-Year Contract with Viva Kuwait for Revenue Assurance and Fraud Management
Partnered Rhino Niger Networks to offer Telecom Analytics Solutions in Africa
Released State of IoT Security Report – Q2 2019

Vinod Kumar, Managing Director & CEO, Subex said, “The quarterly results are in line with our expectations. Our focus on Digital Trust continues to intensify and the expansion of our portfolio is going as per plan. This has enabled us to strategically engage with our customers, broaden the playing field and capitalize on opportunities outside our core business areas. We continue to have a strong order book and expect subsequent quarters to show higher growth”

About Subex

Subex is a pioneer in enabling Digital Trust for businesses across the globe.

Founded in 1992, Subex has spent over 25 years in helping global Communications Service Providers maximize their revenues and profitability.

Subex has more than 300 installations across 90+ countries.

*EBITDA excludes forex

Signs a Managed Services contract for a three year period

BENGALURU, SEPTEMBER 25: Subex, a leading telecom solutions provider today announced that it has been awarded a three-year contract from VIVA, Kuwait’s fastest-growing and most developed telecom operator, to provide its ROC Revenue Assurance and ROC Fraud Management solutions on a Managed Services model. This marks the renewal of the earlier contract that both companies had for the provision of Business Assurance and Fraud Management solutions. VIVA is part of the STC group, the world-class digital leader in the Middle East and south Africa, and has rapidly established itself in the market through its customer and employee-centric approach.

The engagement is aimed at helping VIVA Kuwait accelerate their drive towards digitalization across different verticals, and to support them in various innovations including 5G and IoT. With VIVA Kuwait focusing heavily on 5G, new revenue streams are expected to open up for the operator, which need advanced capabilities for Business Assurance, Fraud and Security. Subex being a leader in the space, and now pioneering the concept of Digital Trust, will continue to deliver value to Viva Kuwait.

“We have now been working with Subex for nearly a decade, and have seen sustained value in the relationship. We achieved a great degree of process automation and efficiency through our engagement with Subex, and we are keen to carry forward the collective momentum gathered. With their reinvigorated suite of solutions infused with AI/ML, we see great possibilities in the future with this partnership. Subex’s vast experience in the Business Assurance and Fraud Management space coupled with their great track record with us led to us extending this contract. Also, their renewed focus on Digital Trust aligns with our priorities of assuring business in a digital world, resulting in a perfect synergy. We look forward to the next phase of this partnership.” said Sai Devata, Finance Controller, VIVA Kuwait.

“VIVA Kuwait is seen as an innovator in a highly competitive market and is extremely good at leveraging technology to drive significant business value. To be awarded the contract extention is an endorsement of our ability to secure VIVA’s business innovation initiatives using a combination of our Technology and domain expertise. With VIVA’s plans for 5G roll out, the next phase of the journey is expected to be further exciting and will have us collaborate closely. We immensely value our partnership with VIVA and are confident of our ability to deliver value.” said Shankar Roddam, Chief Operating Officer, Subex.

About Subex

Subex leverages its award-winning product portfolio in areas such as Business Assurance, Fraud Management, Asset Assurance and Partner Management, and complements them through its digital solutions such as IoT Security and Insights. Subex also offers scalable Managed Services and Business Consulting services.

Subex has more than 300 installations across 90+ countries.

About VIVA

VIVA is the fastest-growing telecom operator in Kuwait. Launched in December 2008, VIVA always offers ‘More’ for its customers by transforming communication, information and entertainment experiences to cater to their day to day needs. The company has rapidly established a pioneer position in the market through its customer centric approach. VIVA’s quest is to be the mobile brand of choice in Kuwait by being transparent, engaging, energetic and fulfilling. VIVA continues to take a considerable share of the market by offering an innovative range of best value products, services and content propositions; a state of the art, nationwide network and world-class service. VIVA offers high internet speeds, due to the implementation of the most advanced fifth generation “5G” network in Kuwait resulting in superior coverage, performance and reliability.

For more information, visit VIVA at one of its 99 branches, VIVA App, VIVA’s website www.viva.com.kw, or any of its authorized dealers across Kuwait.

12^TH AUGUST 2019, BENGALURU, INDIA – Subex, a leading telecom analytics solution provider, today announced its consolidated financial results for the year ended June 30, 2019.

Performance Highlights for the quarter ended June 30, 2019:

Revenue for the quarter at INR 790 million, up by 4% YoY from INR 759 million in FY19 Q1.
EBITDA* for the quarter at INR 152 million, up by 238% YoY from INR 45 million in FY19 Q1.
Profit after Tax (PAT) for the quarter at INR 53 million, up by 33% YoY from INR 40 million in FY19 Q1.

Highlights of the Quarter

Announced a multi-year partnership with Econet Wireless Zimbabwe to deploy Analytics Centre of Trust
Partnered with Telefonica on a new Cybersecurity Venture
Collaborated with Town of Florence, Arizona to establish IoT security lab
Announced its participation in ITW Global Leaders’ Forum’s Communications Blockchain Network (CBN), a blockchain-based consortium which aims to revolutionize the ICT Service Provider industry’s commercial settlement infrastructure

Vinod Kumar, Managing Director & CEO, Subex said, “In our core telecom analytics product segment, the industry is currently in its consolidation phase, with massive business developments reflecting this. Through the decision to move our products to the next phase of evolution with the infusion of AI/ML, our solutions continue to see demand in the field. This strategy also puts us in the right place to capitalize on opportunities stemming from market dynamics. Further, our newer areas continue to gain traction and we expect to see a noticeable contribution from them to our revenues during the course of the year.”

About Subex

Subex is a pioneer in enabling Digital Trust for businesses across the globe.

Founded in 1992, Subex has spent over 25 years in helping global Communications Service Providers maximize their revenues and profitability.

Subex has more than 300 installations across 90+ countries.

*EBITDA excludes forex

Collaboration will help improve digital transformation journey of the telecom industry within the African continent

11^th July 2019 – Subex, a leading telecom analytics solution provider, announced a strategic partnership with Rhino Niger Networks to cater to the digital transformation demands within the African markets. This partnership comes at a time when governments across the continent have announced their plans and aspirations to go digital.

Rhino Niger Networks offers digital services covering assurance, fraud prevention, network data governance amongst others. The primary goal of this partnership will be to leverage on Subex’s technical expertise coupled with Rhino’s local presence and understanding of the Nigerian and African market at large. The collaboration will act as a catalyst to drive the adoption and application of digital products and solutions, as well as enhance customer experiences.

Shankar Roddam, Chief Operating Office, Subex added, “Africa is unique by virtue of its diversity, culture and economic challenges. Driving a digitalization initiative in a diverse continent requires a combination of strong technology, robust domain and very good understanding of the nuances of rolling out large scale initiatives.

In line with this, Subex is delighted to be partnering with Rhino Niger Networks. This partnership is based on leveraging complementing competencies and will enable Subex to further strengthen its presence in Nigeria and other African markets. Subex currently holds the highest market share in Africa for our core portfolio. Our expertise in the area of Digital Trust coupled with Rhino Niger Networks understanding of the market and their extensive reach will go a long way in enabling the digital transformation agenda. Our collaboration has already started bearing positive results in terms of a number of key wins and we are confident of greater success in the near future.”

Commenting on the partnership, Russell Osi, Chief Technical Officer, Rhino Niger Networks said: “We are very excited to be working with Subex, who are world class leaders in the telecom industry. Both companies offer complementary operations and share similar values. This partnership underscores our dedication to provide innovative in-class digital capabilities for regulators and other stakeholders in the telecommunications sector in Nigeria.”

About Subex

Subex is a pioneer in enabling Digital Trust for businesses across the globe.

Founded in 1992, Subex has spent over 25 years in helping global Communications Service Providers maximize their revenues and profitability.

Subex has more than 300 installations across 90+ countries.

About Rhino Niger Networks

Rhino Niger Networks is a leading provider of end-to-end technology solutions, enabling a digital Africa.

Since 2012, Rhino has been at the forefront of digital transformation solutions with a specific focus on assurance, security and analytics. Rhino partners with global leaders to deliver turnkey and customized solutions to governments and enterprises.

Driven by a team of technocrats and business leaders with deep connect in the African business landscape, Rhino is one of the fastest growing system integrators in the region.

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