Subex, a provider of operations support systems, has announced that the company has been selected to provide its ROC Revenue Assurance and Fraud Management solutions in a hybrid model by GO, a leading provider in Malta.

The terms of the hybrid model contract entail an initial managed services deployment period after which it will be converted into a license model engagement.

Kelvin Camenzuli, chief technical officer, GO said, ''Protecting revenues across our telecoms offerings has always been a key focus and that was the decisive factor for choosing Subex's ROC fraud management and revenue assurance solutions. Subex's experience in the global revenue assurance space is unparalleled and we are confident that this engagement will enable us to enhance our business in a more effective manner.''

''This is an extremely unique win for us. A hybrid model of this nature has never been tried before in our space. Our technological innovativeness and product superiority played an important role in helping us win this deal. We look forward to an interesting and fruitful partnership with GO,'' said Vinod Kumar, chief operating officer, Subex.

Shares of the company gained Rs 0.21, or 1.82%, to trade at Rs 11.74. The total volume of shares traded was 140,044 at the BSE (11.27 a.m., Wednesday).