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Swisscom and Subex partner to improve fraud protection for current and next generation network and services with Nikira FMS, a Subex ROC component

Bangalore,INDIA: a leading global provider of Operations and Business Support Systems (OSS/BSS), announced today that it has entered a partnership with Swisscom, Switzerland's leading telecommunications provider, to co-operate in the field of fraud management. The goal of the partnership is to improve the next generation fraud management. Core of the co-operation is Subex' Nikira Fraud Management System which serves as the basis to develop and validate detection and mitigation of current and, most importantly, new fraud risks. Nikira is part of Subex's integrated suite of revenue maximization applications, forming the Revenue Operations Center (ROC) and will be deployed to detect fraud across its current and next generation fixed and mobile networks.

With the current and expected changes in market dynamics and the deployment of its next generation network, Swisscom realized that revenue protection would become an even more complex issue as new fraud patterns are expected to emerge. Therefore Swisscom's risk management department acted accordingly and used the opportunity of its organisational merger between the Fixline and the Mobile business to replace legacy fraud management by a converged real-time fraud management solution that can face future threads and further helps to leverage the synergies from the combined organization. The fraud management component of Subex's ROC - Nikira was the natural choice as it provided best breed functionality from an experienced and innovative vendor with the most installations from the industry.

"With Nikira, Subex has a leading edge software suite but Subex also has proven to go the extra mile when it comes to innovative partnering agreements and understanding the requirements of an operator that faces a complex and changing fraud management process. At Swisscom (Switzerland) Ltd. we believe that fraud management is to take a different turn, especially in the light of globalisation, converging technologies, hostile markets and continuous product innovation. We chose Subex and the Nikira Fraud Management Solution (FMS) because of Nikira's comprehensive functional coverage and Subex' high commitment to our new innovative risk-reward partnership model, where Subex is sharing the same objectives as Swisscom and will commercially benefit from the success of its Nikira FMS implementation. In Subex we have found a partner who will face the next level of fraud management challenges successfully and we hope to provide a stimulus to the industry as a whole." said Kurt Meyer, Chief Risk Officer, Swisscom (Switzerland) Ltd..

The main objective of this model is to establish goal congruency between Subex and Swisscom, with the core belief being that the success of future fraud combating depends on a long-term commitment to close co-operation between operators and vendors. Hence, the current and future effectiveness of Nikira will be instrumental. Nikira will help in:

• Early detection of fraud and reduction of EFL (Effective Fraud Loss)
• Improving the quality of fraud-alarms, (low false positive rate)
• Coverage of the comprehensive fraud risk portfolio (i.e. avoiding blind spots)
• Therefore, the basis of Swisscom's unique risk-reward sharing approach is to establish some key measures within the FMS such as the PFL (Prevented Fraud Loss) or false positive ratio, which will allow a variable performance based payment model to Subex.

"We highly appreciate Swisscom's innovative approach of a vendor risk-rewards sharing model, because we are extremely confident about the success of our Fraud Management Solution. Also, with this new approach we will be in closer contact with Swisscom's highly skilled fraud team and will have a direct input path to further developing our product. Thus ensuring that we stay ahead of competition," said Sudeesh Yezhuvath, COO, Subex Ltd.

About Subex Limited

Subex Limited is a leading global provider of Operations and Business Support Systems (OSS/BSS) that empowers communications service providers to achieve competitive advantage and deliver new service experiences to subscribers. The company pioneered the strategic concept of the Revenue Operations Center (ROC) - a centralized framework for end-to-end control of a service provider's revenue and costs, fostering operational dexterity for sustained profitability.

Subex's software portfolio powers the ROC and its best-in-class solutions enable new service creation, operational transformation, subscriber-centric fulfillment, provisioning automation, revenue assurance, cost management, data integrity management, fraud management and interconnect/interparty settlement.

Subex's customers include 32 of the world's 50 largest service providers. The company has more than 300 installations across 70 countries.

For more information please visit www.subex.com

Forward Looking and Cautionary Statements

Certain statements in this release concerning Subex's products, strategy and future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, market acceptance of Subex's products and services, Subex's ability to implement its growth strategy, competition in Subex's areas of business and general economic conditions affecting the telecom industry.

Further information:

MEDIA CONTACT
Harshita Nair
PUBLIC AFFAIRS
+91 80 66964157
harshita.nair@subex.com

For further Information:
Shivaram Lakshmi Narayan
GENISIS BURSON - MARSTELLER
+91 9986362431
shivaram.l@bm.com