Financial Daily from THE HINDU group of publications Thursday, May 27, 2004 |
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Info-Tech
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Software Subex bags $1.5-m order Our Bureau
BANGALORE: Subex Systems has announced that it has won a $1.5-million order from a Tier-1 carrier with more than 15 million subscribers, in the CALA (Central America-Latin America) region, to deploy its flagship fraud management system, Ranger. Ranger is part of the RevMax revenue maximisation suite from Subex, which includes the revenue assurance solution, Incharge. "This order marks our entry into the CALA region. We believe that our product's technological superiority over its rivals is what helped us land this order," said Mr Subash Menon, President and CEO, Subex Systems. Commenting on the company's future plans in the CALA region, Mr Menon said, "Besides wireline and CDMA services, GSM carriers have grown steadily to 36 countries in this region, up from a mere four countries five years ago. Teledensity has also increased, with the total subscriber numbers for Latin America and the Caribbean reaching more than 125 million by mid 2003. Our strategy is to penetrate this market with the help of partners as we've done in this case." Subex's global clientele includes AmericaTel, Global Crossing, Sprint, Teleglobe, Sonatel Mobiles, Sonatel Wireline, Cora, Ikatel and Econet among others.
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