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Monday, April 2, 2007
BANGALORE, INDIA: Subex Azure Limited, global provider of OSS solutions for telecom operators, today announced that it has successfully completed the acquisition of Canada-based Syndesis Limited, provider of telecom service fulfillment solutions.
Syndesis is a provider of telecom service fulfillment solutions that enable telecom operators to create, offer and automate advanced communication services such as IPTV, VoIP, broadband, etc. Its acquisition cost Subex US$ 165.4 million. “This acquisition strengthens Subex Azure’s leadership status in the telecom OSS space,” said Subash Menon, Founder Chairman, Managing Director & CEO, Subex Azure, “With an expanded solution portfolio that combines revenue maximization solutions with fulfillment and assurance solutions, Subex Azure is the partner of choice for telecom operators. They can now focus on gaining competitive advantage through operational dexterity by marrying reduced time-to-market for new services, rapid service provisioning, high-quality service delivery and cost efficiency.”
According to a press release, the now-expanded company has reorganized itself into three distinct Business Units (BUs) – Revenue Maximization Solutions BU, Fulfillment and Assurance Solutions BU and BT Business BU.
© CIOL Bureau
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