Subex in multi-million dollar pact with US co; shares surge

Subex Ltd entered into a multi-million dollar pact with an US-based communication services provider to put into use a cost management software.

By PTI | Feb 10, 2010, 10.38 AM IST

MUMBAI: IT software products manufacturer Subex Ltd today said it has entered into a multi-million dollar pact with an US-based communication services provider to put into use a cost management software.

In a filing to the Bombay Stock Exchange Subex said it has signed a multi-million dollar contract with a US-based communication services provider to implement software that helps in cost management.

Under the pact, Subex will implement Lucreta, an effective cost management solution, which would help the US-based firm in its video and content business.

"Our established relationship with this customer, efficient business support system solution... was the reasons for them to re-instate their confidence in us with this deal," Subex COO Sudeesh Yezhuvath said.

Shares of Subex were trading at Rs 71.45, up 7.77 per cent in the morning trade on the BSE.

Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.