Fresh round of funding—Rs 18.5 crore Products accounted for 36.5% of business; installed base of flagship product Ranger doubled

With a fresh infusion of funds—Rs 18.5 crore—from Intel Capital, UTI Venture and Toronto Dominion Bank, this Bangalore-based telecom software company had a good year. The products business grew by 31.7% and accounts for 36.5% of total revenues. The company launched INcharge, part of its RevMax Revenue Maximization suite, and got a beta site for it even as its flagship product—Ranger—increased its installed base from 26 to 54.

CEO: Subash Menon Start-up year: 1992 Products & services: Telecom SW products and services Branches: 5 Employees: 198 Address: 721, 7th Main, Mahalaxmi Layout, Bangalore 560086 Tel: 3497581 Fax: 3491490 Website: www.subexgroup.com