SUBX.L Regulatory News (SUBX)

2 Apr 2007 07:26

Subex Azure Limited02 April 2007 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN Press release 1 April 2007 SUBEX AZURE COMPLETES ACQUISITION OF SYNDESIS Bangalore, INDIA: Subex Azure Limited, a leading global provider of OSSsolutions for telecom operators, today announced that it has successfullycompleted the previously announced acquisition of Syndesis Limited. Canada based Syndesis is a provider of telecom service fulfillment solutionsthat enable telecom operators to create, offer and automate advancedcommunications services such as IPTV, VoIP, broadband and others. The all cashacquisition for US$ 165.4 million is a significant milestone in Subex Azure'sdrive to become a leading global vendor of telecom OSS solutions. "This acquisition strengthens Subex Azure's leadership status in the telecom OSSspace," said Subash Menon, Founder Chairman, Managing Director & CEO, SubexAzure. "With an expanded solution portfolio that combines revenue maximizationsolutions with fulfillment and assurance solutions, Subex Azure is the partnerof choice for telecom operators. They can now focus on gaining competitiveadvantage through operational dexterity by marrying reduced time-to-market fornew services, rapid service provisioning, high-quality service delivery and costefficiency." With the completion of the acquisition, Syndesis' customers will join SubexAzure's growing roster of leading telecom operators. They will now have accessto enhanced solution delivery capabilities, especially in EMEA and APAC regionsand a broader solution portfolio that addresses key areas such as revenueassurance, fraud management, interconnect billing and routing management. The expanded company has reorganized itself into three distinct Business Units(BUs) - Revenue Maximization Solutions BU, Fulfillment & Assurance Solutions BUand BT Business BU. -ENDS- About Subex Azure Ltd. Subex Azure is a leading global provider of OSS solutions with a mission toempower telecom operators to achieve competitive advantage and deliver newservice experiences to subscribers. The company pioneered the strategic conceptof the Revenue Operations Center (ROC) - a centralized and integratedinfrastructure for end-to-end monitoring, measurement and control of theoperator's revenue chain - to foster operational dexterity and hence sustainedprofitability. Subex Azure's software portfolio powers the ROC and its best-in-class solutionsenable new service creation, subscriber-centric fulfillment, provisioningautomation, revenue assurance & cost management, data integrity management,fraud management and interconnect/interparty settlement. Subex Azure's customers include 32 of the world's 50 largest telecom operatorsby revenue. The company has more than 150 installations in over 60 countries.Subex Azure was named in the prestigious Deloitte Technology Fast 500 AsiaPacific 2006 list of companies, underlining the company's growth and leadershipstatus. For more information please visit www.subexazure.com Forward Looking and Cautionary Statements Certain statements in this release concerning Subex Azure's products, strategyand future growth prospects are forward -looking statements, which involve anumber of risks, and uncertainties that could cause actual results to differmaterially from those in such forward -looking statements. The risks anduncertainties relating to these statements include, but are not limited to,market acceptance of Subex Azure's products and services, Subex Azure's abilityto implement its growth strategy, competition in Subex Azure's areas of businessand general economic conditions affecting the telecom industry. Further information: In Europe or Asia please contact Alex Crawshaw or Kate Bonner at Catalysis tel: +44 (0)20 7101 7333 / 7326 alex.crawshaw@catalysis.co.uk / kate.bonner@catalysis.co.uk In India please contact Shivaram Lakshminarayan at Genesis Burson-Marsteller PR tel: +91 9886136796 shivaram.l@bm.com The information contained herein is not for publication or distribution into theUnited States. The material set forth herein is for informational purposes onlyand is not intended, and should not be construed, as an offer of securities forsale into the United States or any other jurisdiction. The securities of theCompany described herein have not been and will not be registered under the USSecurities Act of 1933, as amended (the "Securities Act"), or the laws of anystate of the United States, and may not be offered or sold within the UnitedStates, except pursuant to an exemption from, or in a transaction not subjectto, the registration requirements of the Securities Act and applicable statelaws. There is no intention to conduct a public offering of securities in theUnited States. This announcement does not constitute or form part of any offer or anysolicitation to purchase nor shall it or the fact of its distribution, form thebasis of, or be relied on in any purchase. The securities must not be offered,sold or purchased except in circumstances that do not constitute a publicoffering. This announcement and any subsequent offer of securities may berestricted by law in certain jurisdictions and persons receiving thisannouncement or any subsequent offer should inform themselves about and observeany such restriction. Failure to comply with such restrictions may violatesecurities laws of any such jurisdiction. Webcast URL http://cm01.vavos.net//press release This information is provided by RNS The company news service from the London Stock Exchange