Shares of Subex rose over 5 per cent on the stock market today on the back of a multi-million dollar deal. The company's share were trading at Rs 31.35, higher by 5.56 per cent on the Bombay Stock Exchange.
Subex, a global provider of business support systems (BSS) for communications service providers (CSPs), on Tuesday announced that it has been selected to provide revenue operations centre (ROC), fraud management and revenue assurance solutions to "a leading" Middle Eastern mobile operator.
It did not give the exact value of the contract, nor named the customer.
"This is the sixth multiple ROC solution win for Subex in the Middle East. The wide range of Subex references in the region, as well as Subex's expertise in the fraud management and revenue assurance domain, helped secure the contract", the Bangalore-headquartered company said in a statement.
ROC fraud management is a solution that helps wireless and wireline operators eliminate known frauds, uncover new fraud patterns, minimize fraud run time, augment internal controls and support continuous fraud management process improvement, the company said.
(With inputs from PTI)
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