Subex soars on launching ROC Fraud Management 8.3 Solution

Subex is currently trading at Rs 10.06, up by 0.35 points or 3.60% from its previous closing of Rs 9.71 on the BSE.

The scrip opened at Rs 10.19 and has touched a high and low of Rs 10.19 and Rs 9.80 respectively. So far 1895904 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 18.35 on 11-Aug-2015 and a 52 week low of Rs 9.12 on 16-Nov-2015.

Last one week high and low of the scrip stood at Rs 13.53 and Rs 9.64 respectively. The current market cap of the company is Rs 423.86 crore.

The promoters holding in the company stood at 0.40% while Institutions and Non-Institutions held 1.06% and 98.44% respectively.

Subex, a leading global provider of Business and Operations Support Systems (B/OSS) for Communications Service Providers (CSPs), has launched a new version of the industry leading Fraud Management solution, ROC Fraud Management 8.3. ROC Fraud Management 8.3 brings with it online Statistical Rules that adds an additional layer of detection capability to the existing memory and statistical rule engines -- to facilitate enhanced real-time detection of complex fraud types. The solution also consolidates its array of 4G/LTE detection capabilities/packs that enable operators to stay ahead of fraudsters in a 4G environment.

The solution is now a part of the ROC 3.0 platform which is an integrated suite of products that provides capabilities going beyond traditional fraud detection & prevention and brings in numerous capabilities to optimize business processes and grow margins. ROC Fraud Management is optimized for Big Data and efficiently handles huge amounts of data -- to cater for exponential growth in transactions in 4G/LTE and data/IP product areas. Coupled with other architectural enhancements, ROC Fraud Management is now seeing 10X increase in performance over previous versions and enabling load handling of billions of xDRs per day.

Alongside the new version of ROC Fraud Management, Subex also introduces the Fraud Manager's Toolkit (FMT) which is a set of tools designed to provide enhanced operational intelligence & best practice measurement metrics to support fast decision making for fraud operations managers. In addition to the above features and functionalities, the Android and iOS applications of ROC Fraud Management 8.3 enable on-the-go fraud alerting and decisioning, supported by clean and simple MIS charts and streamlined intra-operational communications options.

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.