Amdocs Introduces Internet of Things (IoT) Monetization Platform, Enabling Service Providers to Gain New Revenues from IoT Se...
February 22 2016 - 7:18AM
Business Wire
New IoT-designed platform supports multiple
engagement models, complex settlements and quick onboarding of new
enterprise and OEM partners
At Mobile World Congress, Amdocs (NASDAQ:DOX), the leading
provider of customer experience solutions, today announced the
Amdocs IoT Monetization Platform, a multi-industry cloud based
multi-tenant platform, enabling service providers to maximize the
potential of IoT services. With this platform, service providers
can quickly onboard enterprise and original equipment manufacturer
(OEM) partners, and bill consumers purchasing IoT products and
services directly, or via the consumer’s bill with the service
provider.
In addition to supporting the traditional IoT wholesale-billing
model for communication services, the Amdocs IoT Monetization
platform allows service providers to unleash the potential of
consumer IoT by supporting multiple additional engagement models,
such as white-label billing for the IoT provider, reselling IoT
services direct to the consumer, or becoming an IoT services
billing provider. The platform handles complex settlements across
the different engagement models and manages the entire financial
flow between all the involved parties.
“The move from wholesale IoT, to consumer-level IoT is a
dramatic shift, creating many new challenges. In this new
environment, enterprises and OEMs need geographical outreach and
the ability to manage complex activations and billing, while
cooperating with multiple players across the value chain,” said
Chris Williams, head of global marketing at Amdocs. “Service
providers are perfectly placed to support these growing needs, and
the highly scalable and flexible Amdocs IoT Monetization Platform
is specifically designed to support this trend. Monetizing IoT
services is another way for service providers to diversify their
business while also improving the customer experience by providing
their subscribers with new services they want, in a seamless
manner.”
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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. For more than 30 years,
Amdocs solutions, which include BSS, OSS, network control,
optimization and network functions virtualization, coupled with
professional and managed services, have accelerated business value
for its customers by simplifying business complexity, reducing
costs and delivering a world-class customer experience.
The Amdocs portfolio enables service providers to capture the
world of digital immediacy by operating across digital dimensions
to engage customers with personalized, omni-channel experiences;
creating a diversified business to capture new revenue streams;
becoming data empowered to make business and operational decisions
based on insight-based and predictive analytics; and achieving
service agility to accelerate the fast rollout of new technologies
and hybrid network 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. 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, 2016.
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version on businesswire.com: http://www.businesswire.com/news/home/20160222005729/en/
onechocolate communications for Amdocs UKDaniel Couzens / Stacey
Jones / Susanna WoodTel: +44 (0) 207 437 0227E-Mail:
Amdocs@onechocolatecomms.co.uk
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