Subex Ltd, a leading global provider of Business Support Systems (BSS) for Communications Service Providers (CSPs), told OSS News Review recently that leading analyst firm Gartner has ranked Subex as the market leader in the Revenue Assurance and Fraud Management for the third year in succession, based on revenue.
The Gartner research report: “Market Share: Telecom Operations Management Systems (BSS, OSS and SDP), Worldwide, 2011-2012”[1] highlights the overall OSS/BSS and Service Delivery Platform market. According to the report, Subex enjoys 8% market share and maintains its leadership position.
Vinod Kumar, Chief Operating Officer, Subex commented, “We are extremely pleased with this validation of our leadership position in the Revenue Assurance and Fraud Management space for the third year in a row. Our perseverance and commitment, to enable telecom service providers build competitive advantage in this volatile marketplace, has firmly helped us consolidate our leadership position.”
He further added, “We aim to continue to grow faster, strengthen our key solutions with our Managed Services offering and expand our global footprint with new analytics initiatives such as ROC® Asset Assurance and ROC Data Integrity Management.”
ROC Fraud Management is Subex’s award-winning solution built to drive fraud prevention by eliminating known frauds, uncovering new fraud patterns, minimizing fraud run time, augmenting internal controls, and supporting continuous fraud management process improvement. ROC Fraud Management detects known fraud types and patterns of unusual behavior, helps investigate these unusual patterns for potential fraud, and uses the knowledge, thus generated, to upgrade and protect against future intrusions.
ROC Revenue Assurance is designed not only to detect potential revenue loss, but also to assist an operator with its investigation, diagnosis and recovery of these revenues. The solution offers two path breaking concepts – RevenuePad and Zen which simplifies and speeds up the process of revenue recovery. It helps customers address revenue assurance challenges inherent to individual service verticals: Wireless, Fixed, Cable MSPs, and MVNOs. It also helps them address revenue assurance issues across multiple functional areas, such as service fulfillment, usage integrity, retail billing, interconnect/wholesale billing, and content settlement.
Subex was recently awarded the 2012 Global Communications Service Provider Financial Assurance Market Share Leadership Award by Frost & Sullivan. Subex’s product line market acceptance, overall global revenue in the four regions namely Asia Pac, EMEA, CALA and NA and its breadth of product line solution offering capability through the Revenue Operations Centre (ROC) were identified as key performance drivers for Subex.