Subex To Buy Syndesis

Subex Azure Ltd., a listed Indian provider of revenue maximization solutions for telecom operators, has agreed to acquire Syndesis Ltd., a Canada-based provider of telecom OSS solutions, for US$164.5 million in cash. Syndesis raised US$52 million in VC funding between 1999 and 2001, from firms like Greylock, Pequot Capital, Sequoia Capital and VenGrowth.