Subex Ltd, a leading global provider of Business Support Systems (BSS) for Communications Service Providers (CSPs), recently told OSS News REview that it has been awarded the Global Telecoms Business Innovations Awards 2012 along with Idea Cellular in the ‘Business Service Innovation’ category for Fraud Management in a Managed Services format.

Last year, Subex had won the award in the Fraud Management Innovation category along with Swisscom. The Global Telecoms Business Innovation Awards have been in existence since 2007 and recognizes innovations that contribute to improved business efficiencies in the telecoms world.

Subex and Idea entered into a 3 years strategic partnership program with the objective of improving business and operational efficiencies through Subex’s Managed Services. The engagement helped Idea focus on their core business operations while Subex monitored and controlled elements and instances of fraud.

Sudeesh Yezhuvath, Chief Operating Officer & Wholetime Director, Subex, said, “This is a matter of great pride and honour for us to be awarded the Global Telecoms Business Innovation Awards second year in a row. This reinforces our strong commitment towards our customers and is testament of our core value of continuous innovation to keep up with the changing needs of the industry.”

Subex’s industry leading ROC Fraud Management solution was chosen in a Managed Services format by IDEA for Postpaid and Roaming earlier in the year. This was a fully outsourced Managed Services deal where Subex ran the operator’s entire fraud management operations.