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BANGALORE: Subex Systems on Monday announced the completion of the previously announced acquisition of fraud management activity of Alcatel and certain assets of the Fraud Centurion product from Lightbridge Inc.

"With these acquisitions, Subex has expanded its customer base across key geographies including Western Europe and the Americas and has become the world's leader in fraud management systems said Mr Subash Menon, President and CEO of the telecom software product company.

Subex had announced the acquisitions ($3 million each) in end-July and early August and subsequent to the announcement, had generated 108 installations among 64 customers in 37 countries according to the company.

More Stories on : Mergers & Acquisitions | Software

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