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.

– 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.

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.

– Ends –

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.”

– Ends –

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.

Subex successfully completes FCCBs exchange offer

BANGALORE, INDIASubex Ltd, a leading global provider of Business Support Systems (B/OSS) for Communications Service Providers (CSPs), announced today that it has successfully completed the FCCB exchange offer post approval from about 97% of the bond holders in value.

The Company has issued new secured bonds worth U.S.$127.721 million with a maturity period due July 2017 with a conversion price of Rs. 22.79 per share, at an interest rate of 5.70%, of which Bonds worth U.S.$36.321 million will be mandatorily converted into equity shares at the aforesaid conversion price of Rs.22.79 per share. Also, the maturity period of the un-exchanged existing bonds worth U.S.$ 3.40 million now stands extended to March 2017.

Subex’s founder and promoter, Mr. Subash Menon, has stepped down as Chairman to enable the company to be in compliance with the listing agreements and will continue to spearhead the company in the capacity of Managing Director and CEO. Additionally, Mr. Surjeet Singh and Mr. Karthikeyan Muthuswamy have joined the Company’s board as additional Directors, being nominees of the holders of the new bond holders. With this, the Board now has six members including Mr. Anil Singhvi, Mr. Sanjeev Aga, Mr. Subash Menon and Mr. Sudeesh Yezhuvath.

Mr. Subash Menon, Founder, Managing Director & CEO, Subex Limited said, “I am pleased to state that we have successfully, and in time, concluded the FCCBs exchange offer hereby putting all concerns about the financial stability of the Company to rest. We will continue to work hard to provide the best-in-class solutions to our customers and sustain our market leadership in BSS. With the increasing traction for our industry-leading Revenue Operations Center (ROC®) and Managed Services offering and the non-linearity in the business, we are confident of better times ahead”.

Subex gets Business Metrics Automation Certification from TM Forum

London, UKSubex Ltd, a leading global provider of Business Support Systems (B/OSS) for Communications Service Providers (CSPs), announced that it has successfully completed the TM Forum Business Metrics Automation Certification on their ROCware platform. The product has been successfully certified against Business Metrics Automation Interface Version 1.0 and the Revenue Assurance Metric Groups in the Business Performance Measurement System Version 5.6.

The TM Forum Business Metrics Automation program was launched at the Management World conference in Dublin in May last year. The program works with software suppliers and consultants to incorporate TM Forum’s standardized Business Metrics into products and solutions; this allows service providers to automatically upload metric data into the TM Forum Business Benchmark Database.

TM Forum’s Business Metrics Automation makes comparative data easily accessible to service providers by implementing standard metrics in supplier products and enabling service providers to automatically participate in our business benchmarking program through those products,” said John Sheehy, Product Manager, Conformance & Benchmaring, TM Forum. “We are pleased to acknowledge Subex’s Business Metrics Automation Revenue Assurance Metrics Certification for ROCware. This certification helps the entire industry improve the accuracy of comparative data collection.

Vinod Kumar, Group President, Subex Ltd said, “The TM Forum Business Metrics Automation is the industry’s standard for benchmarking and this certification is an extremely positive development for us. This is an independent assessment of our industry-leading solution and showcases our conformance to industry standards. It is an important testimony to the hard work and belief we have consistently shown.”

Subex gets RBI approval

BANGALORE, INDIA Subex Ltd, a leading global provider of Business Support Systems (B/OSS) for Communications Service Providers (CSPs), announced today that RBI has approved the restructuring proposal of its outstanding FCCBs involving a combination of debt and equity. The company will shortly launch a cashless exchange offer wherein the current FCCBs will be exchanged for new FCCBs with a maturity period of 5 years and fresh equity.

Commenting on the development Mr. Subash Menon, Founder Chairman, Managing Director & CEO, Subex Limited said, “We are happy that RBI has given us approval to complete the restructuring of FCCBs. This restructuring proposal has been formulated with the active support of our existing bondholders whom we have been closely working with. We are confident that with their continued support, we will be able to complete the restructuring in the next 45-60 days.”

 “I am also glad to state that this approval from RBI will help us reach a final and conclusive solution to the FCCB issue. With this, all concerns about the financial stability of the company will be put to rest once and for all. We are confident of better times ahead and will continue to work hard to sustain our market leadership in BSS. The increasing uptake for our industry-changing Revenue Operations Center (ROC®) and Managed Services offering and the non-linearity in the business are clear indicators that we are here to stay”, he further added.

Subex Ranked Number One by Leading Industry Analyst Firm

London, UK Subex Ltd, a leading global provider of Business Support Systems (BSS) for Communications Service Providers (CSPs), announced today that leading analyst firm Gartner has ranked Subex as the market leader in the Revenue Assurance and Fraud Management for the second year in succession, based on revenue in re-stated figures.1

The Gartner research report: “Market Share: Telecom Operations Management Systems (BSS, OSS and SDP), Worldwide, 2010-2011” highlights the overall OSS/BSS and Service Delivery Platform market. According to the report, Subex enjoys 9% market share and maintains its leadership position.

ROC Fraud Management is Subex’s award-winning solution that helps wireless and wireline operators eliminate known frauds, uncover new fraud patterns, minimize fraud run time, augment internal controls and support continuous fraud management process improvement.

ROC Revenue Assurance is designed not only to detect potential revenue loss, but also to assist an operator with its investigation, diagnosis and recovery of these revenues. It provides unprecedented automated correction capabilities to improve bottom-line results and provide a quick return-on-investment.

“We are extremely pleased with this validation of the continuation of our leadership position in the Revenue Assurance and Fraud Management space. This is a significant achievement and of even more interest is the fact that Subex has grown faster than the market and the gap between Subex and the nearest competitor has widened. While our relentless focus on delivering value to our customers was a key differentiator, our long-term vision as well as alignment with the market to address problems in areas such as Mobile Payments, M2M have been key drivers to our position. This milestone only encourages us to continue to challenge ourselves to keep on adding more value to our customers”, said Sudeesh Yezhuvath, Chief Operating Officer, Subex.

1 Source: Gartner, “Market Share: Telecom Operations Management Systems (BSS, OSS and SDP), Worldwide, 2010-2011” by Martina Kurth, Norbert J. Scholz, Kamlesh Bhatia, 23 March 23, 2012.

Maturity of Subex’s FCCBs Being Extended

BANGALORE, INDIA Subex Ltd, a leading global provider of Business Support Systems (B/OSS) for Communications Service Providers (CSPs), announced today that RBI has approved the extension of the maturity period of all the outstanding FCCBs to 9th July, 2012. This extension was sought by the company to have adequate time to complete the re-structuring activity that it is undertaking with the existing bondholders. Subex has convened a meeting of the bondholders on the 6th of March, during which meeting the bondholders are expected to approve this extension. With the approval, the extension process will be complete paving the way for the second stage.

“We are working on a complete re-structuring of the FCCBs with the existing bondholders and that has been contemplated as a two-step process. As we need 3 to 4 months to complete the plan, we decided to go for a two-step process. The first step is extension of the maturity period to give us adequate time to complete the second step. That first step is now moving towards a logical closure by the 6th of March”, said Mr. Subash Menon, Founder Chairman, Managing Director and CEO.

The second step is expected to result in some of the bonds getting converted to equity thereby reducing the overall debt and improving the debt-equity ratio. Once completed, this step will strengthen the balance sheet adequately. “I am glad to state that we are progressing well towards a full and final solution for the FCCB issue. We are hopeful of receiving the regulatory approvals required to complete the process in a timely manner”, he further added.

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 experience 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 enable revenue assurance, fraud management, data integrity management, cost management and interconnect / inter-party settlement. Subex also offers a scalable Managed Services program and has been the market leader in Business Optimisation for four consecutive years. Subex has been awarded the Global Telecoms Business Innovation Award for 2011 along with Swisscom for industry’s first successful Risk Reward Share model for fraud management.

Subex’s customers include 16 of top 20 wireless operators worldwide* and 26 of the world’s 50 biggest#telecommunications service providers. The company has more than 300 installations across 70 countries.

*RCR Wireless list, 2010
#Forbes’ Global 2000 list, 2010

Press & Analyst Contact

Sandeep Banga
E-mail : sandeep.banga@subex.com
Mobile : +91-9916824122