Subex surges on launching ROC Revenue Assurance 5.3

Subex is currently trading at Rs. 17.21, up by 2.26 points or 15.12% from its previous closing of Rs. 14.95 on the BSE.

The scrip opened at Rs. 15.10 and has touched a high and low of Rs. 17.60 and Rs. 15.10 respectively. So far 60,62,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 17.94 on 15-Jul-2015 and a 52 week low of Rs. 7.96 on 27-Aug-2014.

Last one week high and low of the scrip stood at Rs. 17.60 and Rs. 14.83 respectively. The current market cap of the company is Rs. 342.00 crore.

The promoters holding in the company stood at 0.49%, while Institutions and Non-Institutions held 0.29% and 99.10% respectively.

Subex has launched a new version of the industry leading revenue assurance solution, ROC Revenue Assurance 5.3. The new version of ROC Revenue Assurance brings with it numerous enhancements on both visual and performance fronts. In addition to this, the new version is built to reduce the Total Cost of Ownership (TCO) considerably through multiple optimizations.

ROC Revenue Assurance 5.3 is now part of the ROC 3.0 platform which is an integrated suite of products that provides capabilities going far beyond just detecting revenue leakages and brings in multiple other capabilities to optimize business processes and grow margins. The new version of the solution is also equipped with Dynamic Network Analytics (DNA), which is a first-of-its-kind auto-configuration solution that offers rapid deployment by providing predefined libraries & controls for assorted technologies. DNA helps in cutting down the deployment time considerably and in-turn results in faster returns.

The Graphical User Interface (GUI) of the solution has undergone a complete revamp and is built to be intuitive and enhance ease of use. It is in-line with the latest design standards and is driven by the motive to enrich user experience while drastically improving workflow efficiency. Existing features like RevenuePad and Zen which were unique to ROC Revenue Assurance have now been further enhanced and can result in further increase in productivity.

Subex is a leading global provider of Business Support Systems (BSS) that empowers communications service providers (CSPs) to achieve competitive advantage through Business Optimisation - thereby enabling them to improve their operational efficiency to deliver enhanced service experiences to subscribers.