Subex Azure completes Syndesis acquistion

BANGALORE: Subex Azure Limited, provider of OSS solutions for telecom operators, today announced that it has successfully completed the previously announced acquisition of Syndesis Limited.

Canada based Syndesis is a provider of telecom service fulfillment solutions that enable telecom operators to create, offer and automate communications services such as IPTV, VoIP, broadband and others. The all cash acquisition for US$ 165.4 million is a significant milestone in Subex Azure’s drive to become a leading global vendor of telecom OSS solutions.

“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.”

With the completion of the acquisition, Syndesis’ customers will join Subex Azure’s roster of telecom operators. They will now have access to enhanced solution delivery capabilities, especially in EMEA and APAC regions and a broader solution portfolio that addresses key areas such as revenue assurance, fraud management, interconnect billing and routing management.

The expanded company has reorganized itself into three distinct Business Units (BUs) – Revenue Maximization Solutions BU, Fulfillment & Assurance Solutions BU and BT Business BU.

CIOL Bureau