Bangalore, Subex Azure Ltd, the world's largest vendor of revenue maximization solutions for telecom operators, has been chosen in the Deloitte Technology Fast 50 India 2006 for the second time round. The company also made its entry into the Technology Fast 500 Asia Pacific Program 2006.
"Subex Azure is honoured by this recognition from the prestigious Deloitte's Technology Fast 50 India 2006 for the second consecutive year as well as Deloitte’s Technology Fast 500 Asia Pacific 2006,” said Subash Menon Founder Chairman, Managing Director & CEO, Subex Azure Limited. "Subex’s entry to these lists clearly emphasises our commitment to global growth and ever-increasing customer base, providing concrete evidence of our superior products and increased customer satisfaction. We contribute this important Industry recognition to our employees & customers who have fuelled our growth”
This important industry recognition is a confirmation of Subex Azure’s international growth. In the recently announced consolidated quarter results, Subex Azure posted remarkable growth with successful integration of businesses, employees & products. The company’s product revenue increased by 252% to Rs. 741 million (US $16.19 Million) in the current quarter, as against Rs. 210 million (US $4.59 Million) in the last quarter. The company has recently announced a sponsored GDR/GDS issue of up to nine million shares in a major European stock market.
Subex Azure has witnessed strong customer momentum recently and has been announcing new customer wins in the Middle East, Africa and South East Asia. Today, Subex Azure has clearly emerged as the leader in the software product development space through its continued focus on innovating technology solutions that will help telecom operators capture lost revenue and deliver more value to customers, investors and partners.
About Subex Azure Limited
Subex Azure Limited is the world's largest vendor of Revenue Maximization solutions for telecom operators. Subex Azure pioneered the strategic concept of a Revenue Operations Centre (ROC) - a centralized and integrated operational infrastructure to monitor, control and assure the integrity of the revenue chain. Subex Azure’s RevMax™ is an integrated suite of best-in-class software solutions that power the ROC.
Subex Azure is the world’s No. 1 vendor for Fraud Management and Revenue Assurance solutions. Subex Azure counts amongst its customers, 23 of the world’s largest 40 telcos and has a customer base of over 150 customer installations in more than 60 countries.
Subex Azure has offices in Bangalore, Beijing, Denver, Dubai, Ipswich, London, Ottawa, Singapore and Sydney.
About Deloitte Technology Fast 50
The Deloitte Technology Fast 50 is a list of the 50 fastest growing technology companies in India, based on turnover increase in percentage terms in the period between 2001 and 2005 inclusive. To qualify for this ranking, companies must have a proprietary technology that has significantly contributed to the turnover, have produced a technology related product and spend a high percentage of their resources on research and development.
About Deloitte Technology Fast 500 Asia Pacific program
The Deloitte Technology Fast 500 Asia Pacific program recognizes technology companies that have achieved the fastest rates of annual revenue growth in Asia Pacific during the past three years. It includes those companies based in Australia, China, Hong Kong SAR, India, Indonesia, Japan, Macau SAR, Malaysia, Philippines, New Zealand, Singapore, South Korea, Taiwan, Thailand and Vietnam.
Forward Looking and Cautionary Statements
Certain statements in this release concerning our future growth prospects are forward looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to, fluctuations in earnings, our ability to successfully integrate acquisitions, competition in our areas of business, client concentration, liability for damages in our contracts, withdrawal of tax incentives, political instability, unauthorized use of our intellectual property and general economic conditions affecting our industry.
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