Subex Limited is an Indian enterprise software company based in Bangalore, which provides digital trust products to communication service providers. The company is listed on BSE and NSE in India.

History

Subex was founded in 1992 by Subash Menon and Alex Puthenchira as a marketing company; the word "Subex" is a portmanteau of the founders' first names. The company then started providing enterprise software services like

revenue assurance Revenue assurance (RA) telecommunication services, is the use of data quality and process improvement methods that improve profits, revenue In accounting, revenue is the total amount of income generated by the sale of goods and services rela ...

, fraud detection and network analytics to telecom operators. The company went public in July 1999, and got listed on the Bombay Stock Exchange and National Stock Exchange of India. In 2006, Subex acquired British firm Azure Solutions for 140 million in a merger deal and renamed itself as Subex Azure Limited. The acquisition was then the biggest by an Indian IT company. In 2007, the company acquired Syndesis, a Canadian operations support software company, for 164.5 million. The company's

GDR East Germany, officially the German Democratic Republic (GDR; german: Deutsche Demokratische Republik, , DDR, ), was a country that existed from its creation on 7 October 1949 until its dissolution on 3 October 1990. In these years the state ...

was issued on the London Stock Exchange in March 2007. Subex's debt rose during the

2008 global financial crisis 8 (eight) is the natural number following 7 and preceding 9. In mathematics 8 is: * a composite number, its proper divisors being , , and . It is twice 4 or four times 2. * a power of two, being 2 (two cubed), and is the first number of t ...

, due to the

foreign currency convertible bonds Foreign currency convertible bonds (FCCBs) are a special category of bonds. FCCBs are issued in currencies different from the issuing company's domestic currency. Corporates issue FCCBs to raise money in foreign currencies. These bonds retain all f ...

(FCCBs) issued to fund the acquisitions. In 2011, Subex sold the provisioning and activation verticals of Syndesis to Netcracker Technology. In 2012, Menon resigned from the company, and Surjeet Singh was named the new CEO and managing director. By 2016, Subex converted the FCCBs and was reported to have become a debt-free company. In 2018, Vinod Kumar was appointed as the CEO and managing director of Subex. The company then expanded its business operations to the domains of

Internet of Things The Internet of things (IoT) describes physical objects (or groups of such objects) with sensors, processing ability, software and other technologies that connect and exchange data with other devices and systems over the Internet or other comm ...

(IoT) security, artificial intelligence and digital trust. In April 2021, Subex launched an enterprise cloud-native

augmented analytics Augmented Analytics is an approach of data analytics that employs the use of machine learning and natural language processing to automate analysis processes normally done by a specialist or data scientist Data science is an interdisciplinar ...

platform named HyperSense.

References

{{reflist Telecommunications companies of India 1992 establishments in Karnataka Companies based in Bangalore Telecommunications companies established in 1992 Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange