Amdocs Acquires Three Leading Technology Companies to Expand Digital Offering
September 14 2016 - 7:00AM
Amdocs (NASDAQ:DOX), the leading provider of customer experience
solutions, today announced it has closed the acquisition of three
privately owned companies – Vindicia, Brite:Bill and Pontis – in
line with the company’s digital strategy.
“Communication and media service providers, including those with
over-the-top offerings, are transforming to capture the world of
on-demand services and digital immediacy. When combined with
business-driven analytics behind the scenes, this ensures a
simplified, intuitive and engaging customer experience,” said Eli
Gelman, Amdocs Management Limited president and CEO.
“These acquisitions, alongside Amdocs’ existing platforms which
include multi-channel, digital care and commerce, customer
management and big data analytics solutions, position Amdocs as the
market leader to help communication and media providers on their
journey. I am excited by these companies joining Amdocs, as their
cloud-based technologies will augment Amdocs’ rich offering and
shorten our time to market,” Gelman continued.
Vindicia is a market-leading provider of software-as-a-service
(SaaS) subscription management and payment solutions. Vindicia
makes it easy, flexible and frictionless for digital enterprises to
onboard customers and process payments for digital content,
over-the-top (OTT) entertainment, online subscriptions and
on-demand services. Utilizing cloud-based operations for greater
business agility, Vindicia’s ultra-fast time to market allows
customers to easily experiment with various service offerings and
pricing schemes to quickly introduce offers and attract new users.
In addition, Vindicia’s advanced retention capabilities reduce user
churn and increase top-line revenue for online service
providers.
Brite:Bill’s design-led, user-experience experts turn the
customer bill into a unique, customer-centric engagement channel.
Brite:Bill’s technology and services transform invoices into a
personalized, digital, interactive billing experience in the
channel of the customer’s choice. The invoice’s customized and
engaging design reduces customer confusion around the bill, thereby
cutting service provider costs around inbound inquiries, and also
provides an engagement opportunity for service providers to promote
new services. The company was named a “Cool Vendor” by Gartner Inc.
for 2014.
Pontis is a leading provider of contextual digital engagement
solutions. Pontis’s real-time decisioning and learning technology
enables service providers to offer their customers personalized
contextual interactions relevant to where that individual customer
is in their journey with the service provider. With Pontis,
Amdocs is uniquely positioned to help service providers determine
the next best action for customer engagement and then to offer the
customer, across outbound and inbound channels, the most
appropriate service at the right time and the right touch
point.
The three similarly priced companies were acquired for a
combined amount of approximately $260 million in cash, net, and may
be subject to certain adjustments including small earnouts.
Together, these acquisitions are expected to contribute 1.5% to
2.0% to total company revenue for the full fiscal year 2017.
Amdocs will initiate formal guidance with respect to our expected
total revenue growth for fiscal year 2017 when we report results
for the fourth fiscal quarter 2016 on November 8, 2016. Additional
information relating to the aggregate impact of these acquisitions,
as well as the many moving parts affecting our core business,
including various risks and uncertainties, will be provided at that
time.
The impact of these acquisitions on Amdocs’ diluted non-GAAP
earnings per share (excluding amortization of purchased intangible
assets and other acquisition related costs and equity-based
compensation expense, net of related tax effects) is expected to be
neutral in fiscal 2017. The impact on diluted GAAP EPS will not be
known until after Amdocs completes the purchase price allocation.
Amdocs expects to incur acquisition-related expenses related to
operating adjustments, restructuring charges and other
acquisition-related costs.
Supporting Resources
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About Amdocs
Amdocs is the market leader in customer experience software
solutions and services for the world’s largest communications,
entertainment and media service providers. Its portfolio
powers The New World of Customer Experience™, where a wide array of
innovative and personalized services are delivered seamlessly to
end users, regardless of device or network. For more than 30 years,
Amdocs solutions, which include BSS, OSS, network control and
optimization, coupled with professional and managed services, have
accelerated business value for its customers by streamlining
complex operating environments, reducing costs and speeding time to
market for new products and services. Amdocs and its more
than 24,000 employees serve customers in over 90 countries. Listed
on the NASDAQ Global Select Market, Amdocs had revenue of $3.6
billion in fiscal 2015.
Amdocs: Embrace Challenge, Experience Success.
For more information, visit Amdocs at www.amdocs.com.
Amdocs’ Forward-Looking Statement
This press release includes information that constitutes
forward-looking statements made pursuant to the safe harbor
provision of the Private Securities Litigation Reform Act of 1995,
including statements about Amdocs’ growth and business results in
future quarters and the expected impact of the acquisitions on
Amdocs’ 2017 results. Although we believe the expectations
reflected in such forward-looking statements are based upon
reasonable assumptions, we can give no assurance that our
expectations will be obtained or that any deviations will not be
material. Such statements involve risks and uncertainties that may
cause future results to differ from those anticipated. These risks
include, but are not limited to, the effects of general economic
conditions, Amdocs’ ability to grow in the business markets that it
serves, Amdocs’ ability to successfully integrate acquired
businesses, adverse effects of market competition, rapid
technological shifts that may render the Company's products and
services obsolete, potential loss of a major customer, our ability
to develop long-term relationships with our customers, and risks
associated with operating businesses in the international market.
Amdocs may elect to update these forward-looking statements at some
point in the future; however, the Company specifically disclaims
any obligation to do so. These and other risks are discussed at
greater length in the Company's filings with the Securities and
Exchange Commission, including in our Annual Report on Form 20-F
for the fiscal year ended September 30, 2015 filed on December 10,
2015 and our quarterly 6-K form furnished on February 16, May 17
and August 8, 2016.
Media Contact:
Austin Weedfall
Hotwire PR for Amdocs
Tel: +1 646-790-4737
E-Mail: austin.weedfall@hotwirepr.com
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