Indian Telecom Revenue Solutions Provider Subex Azure Buys Canadian Company Syndesis

By Divya Narain

TMCnet Contributing Editor

 

Subex Azure Ltd, a leading Indian provider of revenue maximization solutions for telecom operators, announced last week that it has purchased over Syndesis Ltd for $164.5 million.

 

According to Subash Menon, CEO of Subex Azure, the all-cash deal will strengthen the company’s position in the telecom operations support software (OSS) solutions market.

 

“As one of the leaders in the revenue maximization solutions segment, we are driven by our strategy to offer a portfolio of software solutions that help telecom operators gain competitive advantage,” Menon said in a statement.

 

Founded twenty years ago, Syndesis is a prominent Canadian telecom solutions provider. The company announced top-line revenues of $45 million in 2006.

 

“The acquisition will strengthen both the companies in the fast-growing market for telecom software solutions in a synergistic manner, Syndesis CEO John Lochow noted in a statement. “We see huge potential for further growth in the strategic space of OSS space.”

 

The overall market for fraud and revenue assurance, interconnect, service assurance and service fulfillment solutions is slated to grow from $2.5 billion in 2006 to $4.5 billion in 2010.

 

Subex Azure boasts a broad customer-base including 23 of the top 40 global telecom companies by revenue. Headquartered in Bangalore, Subex has operations in Beijing, Denver, Dubai, Ipswich, London, Ottawa, Singapore and Sydney.

 

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