Subex Azure up 3.01% at Rs 440

MUMBAI: Subex Azure Ltd has completed 180 days of successful integration of Syndesis Ltd, a leading provider of telecom operation support system solutions, with leadership in fulfillment and assurance solutions.

The first quarter, post the acquisition, has brought in revenues of Rs 44 crore from the FAS business unit. After the acquisition, the company has eight new wins including three FAS customers. During this period, the company also launched its first FAS offering, the subscriber-centric VoIP Express bundles that accelerates the creation and automates the provisioning of VoIP offerings for business and consumer markets.

"The momentum is expected to pick up further in the coming months, and help us achieve our target of $130 million by the end of this fiscal." Subash Menon, chairman, managing director & CEO of the company said.

At 1:12 pm, Subex Azure shares were up 3.01 per cent at Rs 440 on BSE, with volume traded at 17,402 against two-week average of 1,02,458 shares.