The Subex share price gained in early trade on March 7 after the company won a five-year $2.2-million deal from a leading telecom operator in Southeast Asia.
At 9.32 am, Subex was quoting at Rs 36.68, up Rs 0.45, or 1.24 percent, on the BSE.
The deal involves the deployment of company's state-of-the-art business assurance and fraud management solutions on HyperSense.
This move is designed to proactively address both current and future risks, especially those emerging in the dynamic and technologically advanced landscape of the 5G era, allowing the operator to innovate rapidly and stimulate growth in region’s digital ecosystem, the company said.
The deployment facilitates the application of AI and ML technologies for early risk identification, automates complex fraud detection processes, and enables the customization of ML models to adapt to emerging challenges.
Catch all market action in our live blog
"Subex is excited to work with one of the leading operators in APAC on this transformative journey. Our AI-driven Fraud Management and Business Assurance solutions will revolutionize the operator’s approach to Risk Management. This collaboration is about future resilience and growth, accelerating innovation in the 5G era," Subex CEO Nisha Dutt said.
"We are proud to contribute to the operator’s vision, ensuring they remain a trusted provider of digital solutionsto their consumers while creating meaningful connected experiences," she added.
The share touched a 52-week high of Rs 45.80 on February 7, 2024 and a 52-week low of Rs 25 March 28, 2023. The stock is trading 19.91 percent below its 52-week high and 46.72 percent above its 52-week low.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
