BANGALORE, India -- Subex Azure Limited, a leading vendor of revenue maximization solutions for telecom operators, today announced that it has entered into a conditional contract to acquire Syndesis Limited, a leading global provider of telecom OSS (Operations Support Software) solutions, in an all cash deal. The deal values Syndesis at US$ 164.5 million based on TTM revenue of US$ 45 million. If completed, this acquisition will be a significant milestone in Subex Azure’s drive to become the leading global vendor of telecom OSS solutions.

“Subex Azure’ success of the last few years, as we grew to be one of the leaders in the Revenue Maximization solution segment, is driven by our strategy to offer a portfolio of software solutions that helps telecom operators gain competitive advantage,” said Subash Menon, Chairman, Managing Director and CEO, Subex Azure. “Subex Azure has identified a compelling opportunity to replicate its current success by extending its offering to the Fulfillment and Assurance solution segment through the acquisition of Syndesis, a leading vendor in this segment. We expect this major acquisition to add significant value for our shareholders.”

“Subex Azure has always aimed to deliver solutions that help telecom operators gain competitive advantage. In a rapidly commoditizing business, telecom operators sought competitive advantage through operational efficiency. Subex Azure’s Rocwareä solution suite is aimed at addressing a telecom operator’s need for operational efficiency,” said Subash, “Telecom operators now stand on the threshold of a new business model dependent on their ability to deliver next generation all-IP services such as VoIP, IPTV, etc. Competitive advantage will now be gained by demonstrating operational dexterity, through reduced time-to-market for new services, rapid service provisioning, maintaining high quality of service delivery and doing so in a cost efficient manner. The acquisition of Syndesis – a recognized leader in the Fulfillment and Assurance solution segment will enable Subex Azure extend its product portfolio to provide field-proven solutions that empower operational dexterity.”

Subex Ltd.