Subex, a leading telecom analytics solution provider, has been selected by Pod Solutions, a division of Pod Group to implement its IoT Security Solution, Subex Secure, as part of Pod Group's billing and connectivity service.
Pod Group provides platforms and software to help people create ingenious connected services. These include billing, connectivity and security services for IoT companies across a wide variety of sectors as well as enterprises and operators for millions of devices globally. Pod Solutions is the customized development division of Pod Group which partners with industry leaders to build tools that reduce the complexity and accelerate the adoption of IoT applications.
The partnership with Subex will enable Pod Solutions to develop advanced security services, allowing customers to rapidly create, deploy and bill mission critical IoT solutions with maximum security and resilience.
Speaking on the announcement, Alistair Elliott, CEO, Pod Solutions said, "Today, the security of IoT applications is one of the issues causing most concern and is therefore one of the biggest barriers to IoT adoption. We are excited to be partnering with Subex, since we identified them as a leading provider of IoT Security solutions that would be complementary to our existing network architecture and IoT business models. The Subex IoT solution- Subex Secure allows us to scale towards providing the most cutting-edge security solutions to millions of IoT devices, thereby providing us with a competitive advantage."
"It gives us great pleasure to partner with Pod Solutions to provide resilience to their connectivity services. We were selected after a very comprehensive evaluation, wherein we proved our capability to detect various attacks through Subex threat intelligence system, leveraging our industry leading IoT honeypot. These coupled with our flexible business model and non-intrusive approach helped us to secure this partnership" said Vinod Kumar, COO, Subex.
Shares of SUBEX LTD. was last trading in BSE at Rs.9.17 as compared to the previous close of Rs. 9.4. The total number of shares traded during the day was 979649 in over 730 trades.
The stock hit an intraday high of Rs. 9.65 and intraday low of 9.1. The net turnover during the day was Rs. 9102764.