Subex wins multi-million dollar deal from African firm

Moneycontrol Bureau

Bangalore-based software company Subex has won a multi-million dollar deal to provide its fraud management solution to a tier 1 communications service provider in Africa. Subex didn't name the company, nor did it provide the exact deal size, but said the deal covered the company's operations across 16 networks in African countries. Subex's revenue operations centre fraud management solution helps communications services providers in reducing fraud run time, augmenting internal controls and continuous fraud management process improvement, it said. Subex shares were trading up 0.5% at Rs 32.50 on NSE in morning trade. Also Read: Subex posts Rs 16.37 cr profit in Q3