Bangalore-headquartered Subex Ltd announced today that it has been chosen for a $12 million licence contract by a mobile group operating in Europe, West Asia and Africa to implement its ROC platform for fraud management and revenue assurance.
Subex Ltd is a leading global provider of operations and business support systems (OSS/BSS) for communications service providers.
The project would be executed over the next 16 to 18 months, the company said in a statement. The scope of the contract is expected to be expanded, resulting in the contract value potentially going up to $20 million.
The telco, with operations in several countries, would implement ROC in all the networks. "This is the largest ROC contract that the company has won till date and vindicates the company's belief that a huge market is opening up for ROC. Several large contracts for ROC are also in the pipeline," it said.
ROC fraud management is built to help CSPs (Communication Service Providers) move toward fraud prevention by eliminating known frauds, reducing free-run time, augmenting internal controls and continuous fraud management process improvement, Subex said.
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, it added.
