Subex announces FY19 Q2 Results with Revenue of INR 8,806 lacs and EBIDTA of INR 1,519 lacs

BENGALURU, INDIA – Subex, a leading telecom analytics solution provider, today announced its financial results for the year ended September 30, 2018.

  • Performance Highlights for the quarter ended September 30, 2018:
  • Revenue for the quarter at INR 8,806 lacs
    • Up by 9% YoY from INR 8,106 lacs in FY18 Q2
  • Profitability
    • EBIDTA for the quarter at INR 1,519 lacs which is more than double of INR 740 lacs in FY18 Q2
    • Profit after Tax (PAT) for the quarter at INR 631 lacs which is more than double of INR 304 lacs in FY18 Q2
  • Highlights of the Quarter
    • Town of Florence, Arizona, USA has chosen Subex to cybersecure their critical public infrastructure. When Florence launches its smart cities project, Subex will continue to be the cybersecurity partner for all projects coming under the plan.
    • Launched new products such as SIP Security, Machine Learning infused Fraud Management solutions (SIM Box and IRSF), and Analytics Center of Trust (ACT)
    • Increased visibility around IoT Security in key markets through partnerships and participation in summits such as Singapore Cyber Security Week and Mobile World Congress Americas.
  • Key Appointments
    • G S Venkatraman appointed as Chief Financial Officer effective 30th November 2018. Venkatraman joins Subex from Mindtree where he was the Financial Controller. He has over 20+ years of experience across all facets of the Finance function
    • Shankar Roddam appointed as Chief Operating Officer w.e.f. December 5th, 2018. Shankar, a veteran of 22 years, returns to the company for a second stint from Plivo. Previously, Shankar worked with Subex for 10 years where he was part of the Executive team in the capacity of Head – Emerging Markets and played a key role in establishing and setting up the Sales and Channel network in emerging markets. He also played an instrumental role during the initial growth phase of Subex. Shankar brings with him extensive international experience and the ability to scale businesses in highly competitive environments in the SaaS space

Vinod Kumar, Managing Director & CEO, Subex Limited said, “Every organization today has started on their digital transformation journey in some form or the other. To drive real business value from this transformation, these organizations require the support of strong technology partners to provide innovative solutions. Riding this wave of demand, we are pleased to have ended this quarter on a strong note, having achieved our targets. We closed a number of new marquee customer wins and witnessed good traction from the APAC, MENA, and Africa markets.

On the product front, we are continuing to see good traction for our cutting-edge IoT Security solution portfolio and closed our first smart city deal with the Town of Florence, Arizona. We also launched new products like Machine Learning infused Fraud Management solutions (specifically towards SIM Box and IRSF) and analytics solution called ACT (Analytics Centre of Trust). We as a company are continuously evolving to meet our customer’s need and hence It is critical to strengthen our talent pool. We are focussing on hiring the best talent available in the market and deploying training programmes to upskill our current employees. Another positive sign of the great work we are doing is that several ex-Subexians are returning to be part of this exciting journey we have undertaken.”

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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 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.

Subex Ltd. Schedules Investor Conference Call to Review FY19 Q1 Results on 1st August 2018

BANGALORE, INDIA – Subex (NSE: SUBEX) has released its financial results for Q1 FY19 ended June 30, 2018 on Tuesday, July 31, 2018. The details of the announcement are available here – http://bit.ly/2mYENbA

Subex will host an investor conference call at 4:30 p.m. IST on August 1, 2018 to discuss the results for the first quarter. Vinod Kumar, Managing Director and CEO will preside over the call.

To listen to the conference call and to ask questions, investors may dial into the following numbers:

Day, Date: Wednesday, 1st August 2018

Time: 4:30 PM

Universal Access:   +91 22 6280 1348 | +91 7115 8078

Local Access (Available all over India):   +91 7045671221

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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. Subex helps CSPs to drive new business models, enhance customer experience and optimise 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.

Vinod Kumar appointed as new CEO of Subex Limited

The Board of Subex Ltd, a leading global provider of Business Support Systems (B/OSS) for Communications Service Providers, has today appointed Mr. Vinod Kumar as Managing Director and CEO of the Company effective 1st April 2018, on expiry of the term of Mr. Surjeet Singh. Vinod has been Subex’s Chief Operating Officer since 2013 and is also a member of the board.

Mr. Anil Singhvi, Chairman said “We are excited to appoint Vinod as the next CEO of Subex. We’ve selected a strong leader from within at a time when Subex is in a very stable position. Having spent more than 20 years at Subex, Vinod knows well its’ ecosystem and is a champion of the culture and ethos of Subex and has an ability to inspire, energize, and connect with customers, employees and other stake holders. This, combined with his ability to strategize and execute, is what Subex needs as we enter the next chapter of growth and will move the company forward with the speed required to capitalize on the opportunities in front of us”.

Vinod Kumar joined Subex in 1997 and was part of the team that created software business at Subex and was instrumental in creating the sales and marketing channels that has become a great strength of Subex. He moved quickly through the company’s rank and most recently served as Chief Operating Officer of Subex and is also a member of its board. In his role as COO he led the worldwide operations covering portfolio development, business acquisition and fulfilment. He has helped lead and execute many of the company’s new initiatives including managed services which accounts for over 25% of the current revenues at Subex.

On this occasion Vinod Kumar said “I am honoured to lead Subex, as we take our next step towards making Subex a growing, profitable and sustainable company. Over the last 25 years, we have emerged as a global leader in the revenue and capex management space within the Telco segment, saving millions of dollars for our customers. The increasing adoption of digitization and IoT expands the market that we operate and make it extremely exciting. The opportunity that lies ahead for Subex is enormous and the ability to lead it to the next phase is deeply humbling and exhilarating. Our global customer base and a set of extremely committed Subexians gives me the confidence that we have a great future ahead”.

In expressing its appreciation to Mr. Surjeet Singh, the board of directors recognized his contribution towards bringing stability at Subex and turning it profitable.  “Subex is stronger and sustainable company following Surjeet’s over five-year tenure as MD and CEO” added Mr.Singhvi. “Surjeet personified strong leadership, by challenging the status quo and tackling complex issues at a very critical stage of the company.   We wish Surjeet success in his future endeavours.”

About Subex

Subex Ltd. 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 to globally achieve competitive advantage. By leveraging data 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.

Visit www.subex.com for more information

Subex announces FY18 Q3 Results with Revenue of INR 8,643 lacs and EBIDTA of INR 1,745 lacs at 20%

BENGALURU, INDIA – Subex Ltd, a leading telecom analytics solution provider, today announced its financial results for the quarter ended December 31, 2017.

  • Performance Highlights for the quarter ended December 31, 2017:
  • Revenue for the quarter at Rs. 8,643 lacs
    • Up by 7% QoQ from Rs.8,106 lacs in FY18 Q2
    • License & Implementation at 36%, Managed Services at 32% & Support at 32% of the total revenues
  • Profitability
    • EBIDTA ex-forex for the quarter at Rs. 1,745 lacs up by 57% from Rs. 1,112 lacs in FY18 Q2
    • Profit after Tax (PAT) for the quarter at Rs. 361 lacs up by 19% from 304 lacs in FY18 Q2
  • Highlights of the quarter
    • Subex secured a multi-million-dollar deal with a tier 1 Group having telecom operations in Middle East and Africa to implement its Business & Application Managed Services.
    • Successfully renewed existing Group Framework Agreement (GFA) with a leading African telecommunications company for its ROC Revenue Assurance and ROC Fraud Management Solutions for 5 years.
    • A leading Latin American telecommunications company has contracted Subex to implement Subex’s Integrated ROC Revenue Assurance & ROC Fraud Management platform, across their fixed line, mobile and enterprise businesses.
    • Shortlisted for Aegis Graham Bell Awards 2017 for Analytics and Managed Services, and for Converge 2018 Awards for Analytics

Surjeet Singh, Managing Director & CEO, Subex Limited said, “We have ended the third quarter positively with increased EBITDA and Profit after Tax. The quarter has witnessed the closure of a few significant deals and we have also made strides towards improving our products to help CSPs handle the newer challenges that come with digital transformation. We look forward to showcasing our IoT Security and Analytics solutions along with our flagship offerings such as ROC Revenue Assurance, ROC Fraud Management, ROC Partner Settlement and ROC Network Asset Management at MWC 2018.”

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About Subex

Subex Ltd. 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 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.

Subex announces FY18 Q2 results with Consolidated revenue of Rs.8,106 lacs and EBIDTA of Rs. 1,112 lacs

BENGALURU, INDIA – Subex Ltd, a leading telecom analytics solution provider, today announced its financial results for the quarter ended September 30, 2017.

  • Performance Highlights for the quarter ended September 30,2017:
  • Revenue for the quarter at Rs.8,106 lacs
    • Up by 6% QoQ from Rs.7,618 lacs in FY18 Q1
    • License & Implementation at 33%, Managed Services at 33% & Support at 34% of the total revenues
  • Profitability
    • EBIDTA ex-forex for the quarter at Rs.1,112 lacs up by 17% from Rs. 954 lacs in FY18 Q1
    • Profit after Tax (PAT) for the quarter at Rs.304 lacs upfrom loss of Rs.101 lacs in FY18 Q1
  • Highlights of the quarter
    • Won a multi-million dollar deal with a leading APAC telecom operator to implement its ROC Asset Assurance Solution for Capex Optimization and managing the lifecycle of its network assets.
    • Pioneered Real Time Revenue Assurance by deploying the largest implementation for Real-time Revenue Assurance for a top-tier Indian telecom service provider through its ROC Revenue Assurance solution.
    • Won a multi-million dollargroup deal with a leading European TV and broadbandprovider which has got operation across multiple European countries to deploy its ROC Partner Settlement managed services.
    • Launched Subex Consulting and Advisory Services, blending strategy and execution to deliver business assurance for global telecom operators, specifically around the domains such as risk, margin, maturity and transformation.
    • Successfully hosted the 14th edition of the Subex User Conference in Zagreb, Croatia on 24th– 25th October 2017. The theme of the conference was “Digitalisation: Mirroring Opportunities with Reality”, and focused around implementation and operational aspects of digital transformation. The conference witnessed the participation from 100+ delegates from leading telcos across the globe.
    • Launch its new website https://subex.com/ in line with its repositioning towards being an analytics solution provider. The new website represents Subex 3.0 messaging: “Drive New Business Models, Enhance Customer Experience and Optimize Enterprise

Surjeet Singh, Managing Director & CEO, Subex Limited said, “The quarter ended on a positive note wherein we were successfully able to close a number of large multi-dollar deals. This achievement has certainly reflected in the results for this quarter, where we have seen an improved growth rate with an increased EBITDA as well as Profit after Tax. The positive results are also on the back of a very successful User Conference which played an excellent platform for us to connect with our customers and understand the challenges they face in the digital era.”

We continue to make necessary investments in our portfolio, people and processes to augment our competitive edge to partner with our customers in digital future. Our recently concluded customer conference reinforced our Strategic agenda of standing for driving new businesses for our customers and enhance and optimize current enterprise. I am confident that our initiatives will yield results in midterm even as short term deflationary challenges and increased cycle times are headwinds in short term.

-ENDS-

About Subex

Subex Ltd. 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 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.

Subex Launches Consulting and Advisory Services for Telecom Business Assurance

BANGALORE, INDIA – Subex Ltd, a leading telecom analytics solutions provider, today announced the launch of its Consulting and Advisory Services. The announcement was made during the 14th edition ofthe SubexUser Conference which is the company’s flagship global conference.

Subex’s Consulting and Advisory services blends strategy with execution to deliver tangible outcomes around business assurance. Through the Consulting and Advisory Services, Subex leverages its 25 years of experience and expertise in the telecom domain, with over 200-plus customers. Subex deploys flexible engagement models that are best suited to CSPbusiness dynamics.

Speaking on the announcement, Vinod Kumar, COO, Subex Ltd. said, “We are extremely excited to announce the launch of our Consulting and Advisory Services. These services will leverage Subex’s domain and technology experience to drive top floor to shop floor execution, i.e. strategy to execution in order to provide business assurance and operational excellence for global telecom players. Our product agnostics consulting and advisory services gives us a strategic edge byadding the consulting layer to the already available technology, solution and services layer.”

Subex’s Consulting and Advisory services will cover all aspects of the telecom business assurance requirements, specifically around the domains of Risk, Margin, Maturity and Transformation.

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About Subex

Subex Ltd. 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 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.

ElevenPaths, Telefonica Cybersecurity Unit and Subex sign a global framework agreement to provide a disruptive FMaaS solution

LONDON, UK – Subex Limited, a leading telecom analytics solution provider, has been selected by ElevenPaths, Telefonica Cybersecurity Unit to offer a Fraud Management-as a- Service (FMaaS) solution. Telefonica is one of the world’s largest telecommunications companies, with a global presence in 21 countries and an average of 125.000 professionals and 350 million accesses.

The agreement between Telefonica and Subex will result in the new ’Telefonica FMaaS Powered by Subex’ to protect against a comprehensive set of digital risks and threats, along with a library of fraud detection processes. The solution addresses Subscription Fraud, Internal Fraud, Premium Rate Service Fraud (PRS Fraud), and International Revenue Share Fraud (IRSF), amongst others. Additionally, ROC Fraud Management technology deployed by Subex will deliver the ability to deploy client-specific detection processes, techniques and strategies, based on particular business needs at each site.

“We are excited to partner with Telefonica for enabling Subex’s industry leading ROC Fraud Management Solution. In the process of undergoing digital transformation, organizations today foresee emerging threats and newer frauds, due to which customers are demanding real-time and proactive fraud management solutions. This partnership is an important step to make our customers more successful in the years to come whilst they transform themselves for the Digital Journey ahead” said Surjeet Singh, CEO & MD, Subex Limited.

“We are delighted with our partnership with Subex, a global leader in managing fraud in the digital world. Compared to traditional solutions, the enablement of FMaaS will ensure much faster deployment times, providing far more flexibility, easier access and agility, to our business operations. Subex’ capabilities together with ElevenPaths’ expertise in the development, deployment and operation of antifraud products and services across the world, will enable us to deliver customised Fraud Risk & Business Resilience though a best-of-breed Adaptive & Convergent Fraud Risk Management Solution. This, in turn, will help our customers deal with fraud risks more quickly and effectively”, said Pedro Pablo Perez García, CEO of ElevenPaths.

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About ElevenPaths

At ElevenPaths, Telefónica Cybersecurity Unit, we believe in the idea of challenging the status-quo in Security, an attribute that must always be present in technology. We are always redefining the relationship between security and individuals. We aim at creating innovative products, which can transform their experience, helping them to keep one-step ahead of attackers, an increasing threat to our digital life.

About Subex

Subex Ltd. 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 to 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.

For more information, please visit: www.subex.com

Subex to host 13th Global User Conference at Jaipur, India

Bangalore, INDIASubex Ltd, a leading global provider of Business and Operations Support Systems (B/OSS) for Communications Service Providers (CSPs) announced that it will be hosting the 13th edition of its Global User Conference from 25th to 27th of October, 2016 at Jaipur, India. The 2016 User Conference will be attended by delegates from leading wireless and wireline operators across the globe.

Among the keynote speakers for this year’s User Conference is Shara Evans, Technology Futurist and CEO – Market Clarity, who is widely regarded as one of the world’s top female futurists, fusing her engineering background with an intuitive understanding of how society is likely to respond to new technologies. Also joining her are Anthony Sani, Executive, Group Revenue Assurance and Fraud Management at MTN Group, Kanishka Wickrama, Chief Financial Officer at Smart Axiata, and Kevin Chuah, Director Commercial Assurance at Optus, as esteemed keynote speakers for the event.

The conference is being chaired by Eric Priezkalns, Co-founder of Commsrisk formerly known as talkRA. Independent speakers include Suzanne Hodges, Director, Security Operations & Fraud Analytics at Charter Communication / Director at CFCA; Shiva Sharma, Director RAFM at Ooredoo Kuwait; Roberto Morales Soto, Project Manager at Telefonica Chile; and Aditya Ghosh, AVP IT at Idea Cellular.

The theme for the Subex User Conference 2016 will revolve around Digital Transformation in the Telecom Industry. The 3 day conference will showcase customer presentations and case studies and debate on current industry topics related to digital revolution through roundtable and panel discussions.

The 2016 Subex User Conference: “Connect, Communicate, Collaborate” will provide the perfect stage for our customers to understand current market dynamics and challenges and exchange thoughts on industry direction. An annual property, the User Conference provides customers with an excellent opportunity to engage and learn from collective experiences while sharing best practices and feedback.

The ‘Operator Excellence Awards 2016’ returns for its second run. The Operator Excellence Awards endeavors to recognise individuals and organizations at the forefront of the industry that are setting new standards of excellence and innovation in their areas. Esteemed judges on the panel includes Eric Priezkalns, Suzanne Hodges, and Mark Broom, Chairman, GSMA Fraud and Security Group. The awards will come in two categories:

  • Business Innovation in Risk Management. The winners will be Telcos that can demonstrate they have pioneered and implemented new techniques and working practices in order to better mitigate risk
  • Outstanding Contribution to the Community. This award will be given to individuals who have taken a leading role in collaborating and sharing best practices with industry peers.

The awards will be presented on the 2nd day of the conference on Oct 26th, 2016

Vinod Kumar, COO, Subex Ltd. said, “The Annual Subex User Conference provides for an excellent platform for operators, futurists, media and analysts to exchange knowledge and discuss about the ever-changing dynamics of the industry. This year the event will focus around the theme of Digital Transformation in the Telecom world. With the digital revolution which is happening in the industry today, telecom operators across the world are posed with a host of new challenges, and more importantly, an incredibly large number of opportunities as well. We look forward to discussing and debating on this new trend with key and prominent minds from across the world.

We are truly humbled to have an opportunity to play host to some of the most prolific personalities in the industry. Moreover, we also look forward to hosting the second edition of the Operator Excellence Awards at the User Conference. This User Conference is extremely special considering that we get to host it in our home country, in the beautiful city of Jaipur.”

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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; 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, 2015
#Forbes’ Global 2000 list, 2015

Surjeet Singh appointed as Managing Director and CEO of Subex Ltd

BANGALORE, INDIA – The Board of Subex Ltd, a leading global provider of Business Support Systems (B/OSS) for Communications Service Providers, decided today appointed Surjeet Singh as Managing Director and CEO of the Company with immediate effect.

Surjeet Singh is a seasoned management professional and a business leader with over two decades of multi-industry global experience in the Finance, Corporate Development, Business Planning and Global Operation functions. He has an enviable successful corporate and entrepreneurial track record of building organizations and fostering collaboration in large and culturally diverse cross -functional teams. Prior to his recent short engagement as President International Business of Glodyne DecisionOne, he was the Chief Financial Officer of Patni Computer Systems Ltd where he played a key role in shaping business transformation and maintaining the highest standards of governance. Surjeet was also instrumental in enhancing shareholder value during his tenure at Patni. Prior to this, he was part of the founding team of Cymbal Corporation, a mid – sized telecom BSS systems integration boutique company out of Silicon Valley, which was acquired by Patni in 2004.

On this occasion Surjeet Singh said “I am excited at the opportunity to serve a leadership company which is one of the largest IP led services businesses out of India.  Subex has been at forefront of innovation from its inception. I look forward to working with closely with all Subexians , its customers  and investors to charter its new growth phase and maximize value for all stakeholders”

Mr Sanjeev Aga, Independent Director said “On behalf of the board we welcome Surjeet. Given his outstanding entrepreneurial and leadership ability, we are confident that Subex will capture latent opportunities extend and enhance its market leadership”.

Subash Menon resigns as Managing Director and CEO of Subex

BANGALORE, INDIASubex Ltd, a leading global provider of Business Support Systems (B/OSS) for Communications Service Providers, announced today that company’s Founder Subash Menon has resigned from the Executive role of Managing Director and CEO. He will continue in the capacity of a non independent Director of the company.

Commenting on the development, Subash Menon said “With the restructuring of FCCBs complete, I have decided to focus on my other business interests and hence this move.”

The Board of Directors thanked Subash Menon for his leadership in building Subex and wished him well for his future endeavours.

Press & Analyst Contact

Sandeep Banga
E-mail : sandeep.banga@subex.com