Subex Limited has announced that it has won more than 25 deals for its industry-leading Revenue Operations Centre (ROC) for Fraud Management and Revenue Assurance for FY'11. Many of the deals were multi-network, multi-million dollar Managed Service contracts spanning 2-3 years.
There has been increasing demand for Subex's ROC Fraud Management and ROC Revenue Assurance solutions across APAC, EMEA and the Americas. Some of the announced wins in FY'11 included O2, Movistar Colombia, YTL Communications, Mobinil, Econet, Eagle Mobile, Ecuador, Telekom Slovenije, Atlantique Telecom, Du, amongst others. Subex has more than 300+ installations in over 70 countries including large fixed line operators (e.g. BT, Rogers, TELUS), wireless providers (Verizon, Vodafone, Airtel, dtac) and other licensed operators.
Subex witnessed 302.54% growth in profits for FY'11 where the company reported a net revenue of Rs.4,925.92 million (US$108.09 million), product revenue of Rs.4,279.61 million (US$93.91 million) and product EBITDA of Rs.1,400.18 million (US$30.73 million) for the year ended 31st March, 2011. This significantly profitable growth was driven by a number of multi-network, multi-million dollar customer wins globally and increased traction of the company's Revenue Operations Centre (ROC).
Subex's 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. The solution is flexible and will support revenue assurance practices as the provider expands and matures. The ROC Revenue Assurance solution was shortlisted for the TM Forum 2011 Solution Excellence Awards - 2011.
