Corporate, Acquisitions, Global: In a move to further consolidate its market position, Subex Systems Ltd, the Bangalore-based telecom software product company, has announced an agreement with Virginia-based Mantas Inc. to acquire its business assets related to fraud management.

Mantas merged with Sotas in 2003 to gain significant technologies to address the telecommunications market. The Mantas Telecommunications Core Technology Platform (CTP) is a real-time, carrier-class data mediation, correlation, storage and presentation platform for terabytes of dynamic network and business data. Using this real-time data, Mantas-enabled applications provide decision support solutions to leading fixed line and mobile communications service providers.

This acquisition is expected to further consolidate Subex’s position in the telecom fraud management space, as it can boast some prestigious clients such as Verizon and BellSouth. Subex is paying around US$2 million for this asset acquisition.

Subex is already a player in telecom revenue maximisation, with its RevMax suite that comprises the Ranger fraud management system, the INcharge revenue assurance solution, and the only-just-launched ONtrack subscriber risk management solution. Subex has over 80 customers across 40+ countries and is believed to have the largest installed base for fraud management systems in the world.