Subex Secures 5-Year Fraud Management Deal in Europe Worth $1M
Filing Summary
Subex Limited has announced a 5-year contract with a leading integrated energy and telecom provider in Europe. The deal, valued at approximately USD 1 million, involves the deployment of Subex’s Fraud Management system, along with business consulting, training, managed services, and support. The project will be executed from Subex’s EU offices. This engagement marks a significant expansion of Subex’s footprint in the European market. The contract does not involve any related party transactions, and the promoter group has no interest in the awarding entity.
Subex Limited has announced a 5-year contract with a major integrated energy and telecommunications provider in Europe. The agreement involves the deployment of Subex’s Fraud Management system, along with business consulting, training, managed services, and support. The project will be managed and supported from Subex’s EU offices.
The financial terms of the contract indicate a total value of approximately USD 1 million. The deal does not involve any related party transactions, and there is no interest from the promoter or promoter group in the awarding entity. The contract is classified as an international engagement, reflecting Subex’s growing presence in the European market.
The scope of the contract includes the deployment of Subex’s Fraud Management software in the customer’s data center. The project will also involve a business consulting exercise, followed by managed services for the first three years and support for the entire five-year duration. Training on the Subex system for customer personnel is included as part of the deliverables.
The contract is part of Subex’s strategy to expand its footprint in Europe, leveraging its expertise in fraud management and telecom AI solutions. The engagement with one of Europe’s largest integrated energy and telecom providers underscores Subex’s capabilities in delivering advanced fraud detection and prevention solutions.
The timeline for the contract spans five years, with the project execution and support managed from Subex’s European offices. This long-term engagement reflects Subex’s commitment to providing comprehensive fraud management solutions and services to its clients in the region.
About the Partner: The awarding entity is a leading integrated energy and telecommunications provider in Europe, with operations in power grids, renewable energy, EV charging, fiber broadband, and mobile telephony. The partnership with Subex is aimed at enhancing their telecom operations with robust fraud management capabilities.
About Subex: Subex Limited is a global leader in telecom AI solutions, enabling Communications Service Providers (CSPs) to deliver connected experiences. Founded in 1994, Subex specializes in business optimization and analytics, leveraging AI to build intelligent connected ecosystems. The company’s portfolio includes Business Assurance, Fraud Management, and Partner Ecosystem Management, supporting CSPs in mitigating revenue leakage and combating emerging fraud.