10th May 2007 09:31
Subex Azure Limited10 May 2007 Press release May 10, 2007 SUBEX AZURE WINS FRAUD MANAGEMENT AND REVENUE ASSURANCE DEAL WITH MCEL Bangalore, INDIA: Subex Azure Limited, a leading global provider of OSSsolutions for telecom operators, today announced that it has won a contract toprovide fraud management and revenue assurance solutions for mcel, the largestGSM operator in Mozambique. mcel offers voice and GPRS/ EDGE services and currently has a growing customerbase of around 2 million subscribers. As the company continues to grow andlooks to roll out 3G services in the third quarter of 2007, it wanted toimplement effective fraud management and revenue assurance systems to ensure itwas maximising its potential revenues and prevent revenue leaks. Following a competitive tender that involved 5 companies, Subex Azure was chosento deploy its Nikira(TM)Fraud Management System and Moneta(TM)Revenue AssuranceSystem. In addition, Subex Azure will also be deploying SS7 probes as part ofthe project, to provide mcel with greater network monitoring capability. Using rules-based alarms and artificial-intelligence driven pattern matching toidentify likely fraudulent usage, Nikira enables operators to detect known fraudtypes and patterns of unusual behaviour in all telecoms environments - wireline(PSTN, ISP, VOIP), wireless (2G, 2.5G, 3G) and across all services (postpaid,prepaid, VAS, MMS, m-commerce). Moneta is a comprehensive suite of automated revenue assurance tools andcapabilities. Moneta offers a set of pre-configured solution templates toaddress revenue assurance issues across areas such as service fulfilment, usageintegrity, retail billing, interconnect/ wholesale billing and contentsettlement. Antionio Sousa, COO at mcel, said: "We were impressed with Subex Azure'sapproach and track record working with other GSM operators. As mcel continuesto grow and looks to launch new services such as 3G, it is essential that wework with a company that could scale to our vision, so that we can haveeffective fraud management and revenue assurance systems in place as well ashave a vision that gels with our growth. The flexibility, scalability & view ofthe big picture were the key factors that were instrumental in Subex Azure beingchosen for this project" Subash Menon, Founder Chairman, Managing Director & CEO of Subex Azure, said: "We are very pleased in playing an important role in enabling mcel to grow andoffer new services. This deal further strengthens Subex Azure's position ofbeing the fraud management and revenue assurance vendor of choice in the Africantelecommunications market. " -ENDS- About Subex Azure Ltd. Subex Azure is a leading global provider of OSS solutions with a mission toempower telecom operators to achieve competitive advantage and deliver newservice experiences to subscribers. The company pioneered the strategic conceptof the Revenue Operations Center (ROC) - a centralized and integratedinfrastructure for end-to-end monitoring, measurement and control of theoperator's revenue chain - to foster operational dexterity and hence sustainedprofitability. Subex Azure's software portfolio powers the ROC and its best-in-class solutionsenable new service creation, subscriber-centric fulfillment, provisioningautomation, revenue assurance & cost management, data integrity management,fraud management and interconnect/interparty settlement. Subex Azure's customers include 32 of the world's 50 largest telecom operatorsby revenue. The company has more than 150 installations in over 60 countries.Subex Azure was named in the prestigious Deloitte Technology Fast 500 AsiaPacific 2006 list of companies, underlining the company's growth and leadershipstatus. For more information please visit www.subexazure.com Forward Looking and Cautionary Statements Certain statements in this release concerning Subex Azure's products, strategyand future growth prospects are forward -looking statements, which involve anumber of risks, and uncertainties that could cause actual results to differmaterially from those in such forward -looking statements. The risks anduncertainties relating to these statements include, but are not limited to,market acceptance of Subex Azure's products and services, Subex Azure's abilityto implement its growth strategy, competition in Subex Azure's areas of businessand general economic conditions affecting the telecom industry. Further information: In Europe or Asia please contact Alex Crawshaw or Kate Bonner at Catalysis tel: +44 (0)20 7101 7333 / 7326 [email protected] / [email protected] In the U.S. please contact Guy Murrel at Catapult PR-IRtel +1 [email protected] In India please contact Shivaram Lakshminarayan at Genesis Burson-Marsteller PRtel: +91 [email protected] t This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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