Subex Systems, the global telecom software product company, has announced its agreement to acquire, subject to customer due diligence, certain assets and liabilities related to the Fraud Centurion product from Lightbridge, Inc. The closing is subject to certain requirements set forth the agreement. Subex's new facility in Denver is expected to be operational by August - September and would act as a sales and support office for the Americas. The benefits of an integrated architecture are both - strategic and operational.
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Powering the Subex turnaround. With Subash Menon, what you see is what you get. Not an iota of excess emotion on the table and no time wasted on the vagaries of the weather. With him, its cut to the chase at the outset. Having known him for years, it was expected that he would arrive on the dot not too ahead of time and certainly not late either.
Our meeting is scheduled for Nothing has changed. How have you been, he asks and instructs his communications person to move and sit opposite him so that he does not have to look on either side of the table as he speaks.
Its been a tough couple of years at Subex. But things are turning around. The Azure integration went well, but the Syndesis one was taking time. Before long, Subash realised that the move to acquire Syndesis was not yielding the desired benefits.
We did our customary due diligence, but I guess it was not enough. We did not take into account what could happen if the economy got hit. Subex, for a long time, was very dear to its investors and the financial analyst community. The stock was doing very well, but once the crisis came to light the scrip started its downward journey. And Subex was one of Indias biggest software product success stories, and it must have been a bitter pill to swallow for Subash.
Well we lost some bit of trust. I could see the analyst community was losing interest in us. But I was not going to go anywhere. I received all the bouquets when the going was good, so why would I shy away from the brickbats. So Subash decided to bite the bullet and strive harder. Now, the good thing with Subex is that it has a group of dedicated top management professionals.
With the help of this support team, Subash started plotting his way back. With the macroeconomic situation improving, fortunes at Subex too started to turn around.
Its reputation as a high quality solutions provider had never taken a beating even while being in a financial turmoil, and soon Subex started to win the big contracts again. The last quarter results proved how much the company has managed to cut back the deficits.
The firm registered revenues of Rs Subex was back in the reckoning again. The FCCBs issued to fund the Syndesis acquisition had to be restructured, as the share prices had crashed and Subex was nowhere near conversion rate. As the bonds had lost value and were due for redemption in March , Subex had to go in for a restructuring.
The new conversion rate is Rs To know Subash a little better, it is important to know a bit of his background. He hails from Chittoor, a small town in the Palghat district of Kerala. His dad was a Communist and was a producer of movies which highlighted the Leftist ethos.
Subash has Left leanings and believes that he is a true Communist. According to my beliefs, a Communist is someone who loves mankind and shares his wealth. And unless you create wealth, you cant share it. I believe someone like Warren Buffet is a Communist, as he creates wealth and shares it around. Even while pursuing his engineering course as a student, he knew that he wanted to become an entrepreneur.
Though Subash worked in a few firms during his initial days, that was only part of the plan to gain some experience. He had discussed his plans to start a firm with his close friend Alex. Hence the name Subexa combination of our names. Alex was strong in technology, while I was good at sales. I knew the combination would click.
Also, we were very good friends and I wanted to start a business with him. Subex was born in Though Alex was not part of the company then he developed cold feet after his marriage , he came on board in Subex dabbled in telecom hardware in its initial days, up until the late s. We wanted to become a software company at that stage, but no one was willing to back us. We approached up some venture funds but they did not have any faith in a company without any software expertise.
Thats when we decided to go public. The IPO went off pretty well, and with the fund thus raised Subex started its software journey. Then came the task of choosing which segment to get into. One big consideration was to fly under the radar and not get spotted by big players, who could easily snap it up or finish it for good.
Another aspect was obviously the opportunity to grow in India. One thing that you cannot accuse Subash of, is lack of clarity. His powers of quick decision making is legendary within Subex. His decision making is never ambiguous and once the decision is taken, he stands by it come what may. His work schedule is also very demanding, and he prefers it that way. He maintains a 6 am to 12 midnight working day, and never seems to tire. His body language is also extremely positive at all times.
Its very difficult to read his mind, and even more difficult to see whether he going through a trough or riding a crest. There are three things that I believe inWhatever happens, happens for the good; there are two sides to every coin and all crisis pass. I have total faith in these three universal truths. So I enjoy a good sleep at night, every time.
Powering the Subex turnaround
Powering the Subex turnaround. With Subash Menon, what you see is what you get. Not an iota of excess emotion on the table and no time wasted on the vagaries of the weather. With him, its cut to the chase at the outset. Having known him for years, it was expected that he would arrive on the dot not too ahead of time and certainly not late either. Our meeting is scheduled for
DUE DILIGENCE SUBEX PRODUCTS PDF
Subex Systems Ltd, the Bangalore-based software product to customer-due- diligence and certain assets and liabilities relating to this product. Its segments include Software Products and Software Services. It provides.. The users are strongly advised to exercise due diligence while. Subex Systems, the global telecom software product company, has announced its agreement to acquire, subject to customer due diligence. Nokia Jobs In Gurgaon. Its been a tough couple ;roducts years at Subex.
Subex To Acquire Fraud Centurion Assets From US Firm