Subex Azure announces successful merger of Subex Systems and Azure Solutions

Subex Azure Ltd on October 30, 2006 has announced the successful global integration of businesses, employees & products of the two merging companies - Subex Systems and Azure Solutions. The results of the integration were reflected in the strong financial performance of the new combined entity for the second quarter of FY07.

This is a significant moment for the Company as the completion of 100 days for the new company also coincided with wider acceptance of the Company's solutions during the quarter. Some of the recent customers include Kenyan mobile services provider Safaricom, and Oman telecommunications among others. Additionally the Company derived strong momentum in an increasing number of markets particularly in African countries like Kenya and in South East Asian countries like Indonesia.

This merger has also further strengthened the Company's strategic business approach to help telcos establish the Revenue Operations Center (ROC). Today, the Company is uniquely positioned as the leading provider of software solutions that power the ROC by leveraging its deep domain knowledge, world-class support and integrated suite of best-of-class solutions, RevMaxTM.

"This quarter saw strong growth and momentum in Subex Azure’s business worldwide. With a talented pool of Subexians, powerful portfolio of products and continued innovation, Subex Azure has enormous potential to grow," said Subash Menon, Founder Chairman, Managing Director & CEO, the Company.

The Company is confident of increased market momentum as telecom operators become more proactive in implementing effective revenue-assurance and fraud management measures. The Company's recent findings revealed that global telecom operators are losing an estimated 11.6 percent of revenue (over $170bn) through fraud and other types of revenue leakage.

Source : Equity Bulls

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