Telecom Lead Asia: Business Support Systems (BSS) provider Subex is leading the financial assurance sector with 20 percent market share in 2012, according to Frost & Sullivan.
This is based on Frost & Sullivan’s analysis of the communications service provider (CSP) financial assurance sector.
In a fragmented market with 28 identified suppliers, Subex is the current market share leader with a 20 percent stake.
CSP financial assurance, which includes revenue leakage analysis and financial fraud management, is expected to expand at a compound annual growth rate (CAGR) of 12.8 percent to reach $765 million by 2016 from $470 million in 2012.
Financial assurance also involves cost and margin analysis to improve revenue accountability as partner and supplier relationships expand, and business models evolve.
Karl Whitelock, Stratecast Director of Global OSS/BSS Strategy, says Subex is a leader as evidenced by most communications service providers (CSPs) mentioning Subex as one of the first names that come to mind with demonstrated revenue leakage, fraud management and margin analysis capabilities.
Subex recently said its revenues for the second quarter ended December 31, 2012 grew 16 percent to $16.6 million.
The company’s operating profit for the quarter at $4.13 million against operating loss of $1.33 million.
Net Profit for the quarter increased 113 percent to $1.4 million from net loss of $11.2 million.
According to Frost&Sullivan, Subex is set to grow its market share in the coming months.
Subex also offers a scalable Managed Services program and has been the market leader in Revenue Assurance and Fraud Management according to Gartner (2010 & 2011).
Subex has also been enjoying market leadership in Business Optimization for five consecutive years according to Analysys Mason (2007, 2008, 2009, 2010 & 2011).
