Subex Limited is an Indian enterprise software company based in Bangalore, which provides digital trust products to communication service providers. The company is listed on BSE and NSE in India.
 | |
| Company type | Public |
|---|---|
| NSE: SUBEXLTD BSE: 532348 LSE: SUBX | |
| Industry | Telecommunications |
| Founded | 1992[1] |
| Founders | Subash Menon Alex Puthenchira |
| Headquarters | |
Number of locations | 5 (India, United States, United Kingdom, Singapore and United Arab Emirates) |
Area served | Worldwide |
Key people |
|
| Website | www |
History
editSubex was founded in 1992 by Subash Menon and Alex Puthenchira as a marketing company; the word "Subex" is a portmanteau of the founders' first names.[1] The company then started providing enterprise software services like revenue assurance, fraud detection and network analytics to telecom operators.[2] The company went public in July 1999, and got listed on the Bombay Stock Exchange and National Stock Exchange of India.[3]
In 2006, Subex acquired British firm Azure Solutions for US$140 million in a merger deal and renamed itself as Subex Azure Limited. The acquisition was then the biggest by an Indian IT company.[1] In 2007, the company acquired Syndesis, a Canadian operations support software company, for US$164.5 million.[4] The company's GDR was issued on the London Stock Exchange in March 2007.[5]
Subex's debt rose during the Great Recession due to the foreign currency convertible bonds (FCCBs) issued to fund the acquisitions.[6][7] In 2011, Subex sold the provisioning and activation verticals of Syndesis to Netcracker Technology.[8] In 2012, Menon resigned from the company,[9] and Surjeet Singh was named the new CEO and managing director.[10] By 2016, Subex converted the FCCBs and was reported to have become a debt-free company.[11][12]
In 2018, Vinod Kumar was appointed as the CEO and managing director of Subex.[13] The company then expanded its business operations to the domains of Internet of Things (IoT) security, artificial intelligence and digital trust.[14][15][16] In April 2021, Subex launched an enterprise cloud-native augmented analytics platform named HyperSense.[17][18]
In April 2023, Nisha Dutt was appointed as the CEO of Subex. [19]
References
edit- ^ a b c Madhavan, Narayanan (27 April 2006). "Subex: The Asterix of India's software boom - Indian Express". Indian Express. Retrieved 14 October 2020.
- ^ "Subex appoints Suresh Chintada as Chief Technology Officer". BW Businessworld. 13 October 2020. Retrieved 14 October 2020.
- ^ Baburajan, K (1 July 1999). "Subex to go public on July 19; Morgan Stanley to pick up 5%". Financial Express. The Indian Express. Archived from the original on 22 March 2019. Retrieved 29 October 2020.
- ^ Choudhury, Gaurav (18 January 2007). "Subex buys Canada firm for $164 m, aims high". Hindustan Times. Retrieved 14 October 2020.
- ^ "SUBEX LIMITED SUBX Stock | London Stock Exchange". www.londonstockexchange.com. Retrieved 14 October 2020.
- ^ Kurup, Rajesh (2 October 2012). "Subex borrowed heavily during bull run". Business Line. Retrieved 14 October 2020.
- ^ Joseph, Lison; John, Satish (26 January 2010). "Subex charts recovery path after disastrous acquisition". Livemint. Retrieved 14 October 2020.
- ^ Philipose, Mobis (20 September 2011). "Subex remains on the edge even after selling activation business". Livemint. Retrieved 14 October 2020.
- ^ Dharamkumar, Rohin (8 November 2012). "The Rise And Fall Of Subex Founder Subash Menon". Forbes India. Retrieved 14 October 2020.
- ^ Kurup, Rajesh (5 October 2012). "Surjeet Singh is Subex new MD, CEO". Business Line. Retrieved 14 October 2020.
- ^ Mohapatra, Debasis (9 January 2019). "Subex launches CrunchMetrics, forays into fintech, retail and e-commerce". Business Standard. Retrieved 14 October 2020.
- ^ Ganesh, Venkatesh (25 May 2016). "After reducing debt, Subex looks at new business opportunities". Business Line. Retrieved 14 October 2020.
- ^ "Subex appoints Vinod Kumar as CEO". Business Standard. 21 March 2018. Retrieved 14 October 2020.
- ^ Ananthraj, Vignesh (5 March 2020). "Digital trust, deep learning, IoT security to drive next phase of growth at Subex". Techcircle. Retrieved 14 October 2020.
- ^ Christopher, Nilesh (14 November 2018). "Subex sets eyes on IoT security business, says it is on growth path". The Economic Times. Retrieved 14 October 2020.
- ^ "Subex Ltd". Business Standard India. Retrieved 14 October 2020.
- ^ Staff Writer (22 April 2021). "Subex launches augmented analytics platform HyperSense". mint. Retrieved 13 December 2021.
- ^ Subex. "Subex Launches HyperSense, an End-to-End Augmented Analytics Platform". www.prnewswire.com (Press release). Retrieved 13 December 2021.
- ^ https://www.capitalmarket.com/news/corporate-news/Subex-appoints-Nisha-Dutt-as-CEO/1412452 [bare URL]