Subex bags 5 deals worth Rs 62 crore

NEW DELHI: IT services firm Subex has won five new customer deals worth $10 million (about Rs 62 crore) across key emerging markets.

Subex won these highly competitive bids to provide its industry-leading revenue assurance, fraud management and credit risk management solutions, few of them as managed services, it said in a release issued today.

Two of the wins are from APAC, two from North Africa and one from the Middle East, it added.

"We have started the new year strongly. We have been on top of the pack winning highly competitive bids. These wins give us great impetus to remain focused on larger opportunities as we continue to make investments in key markets and expand our footprint," Subex Chief Operating Officer Vinod Kumar.

With renewed focus on Subex's core products and with increased market momentum for ROC Asset Assurance solution, the company is fairly optimistic of growth in Subex 2.0 solutions, he added.