Amdocs Signs an Agreement to Purchase Prime Real-Estate in Ra’anana for its Future Israel Campus
September 13 2017 - 8:39AM
Amdocs (NASDAQ:DOX), a leading provider of software and services to
communications and media companies, today announced that it entered
into an agreement pursuant to which Amdocs will acquire prime
commercial land located in Ra’anana, Israel. Closing of the
transaction is subject to customary closing conditions, as well as
waiver of a third party’s rights with respect to such land.
Amdocs intends to use the land to be acquired under
the agreement to serve as the site of a new campus that will
provide an advanced, optimal working environment that can fully
meet the needs of Amdocs Israel, an Amdocs company, and its
employees, and support the company’s future growth.
Amdocs is currently evaluating various alternatives
with respect to the future development and construction of the new
campus, including structures for ownership or long-term lease
arrangements. The acquisition costs are not expected to have a
material impact on Amdocs’ cash position or operating results.
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About AmdocsAmdocs is a leading software and
services provider to the world’s most successful communications and
media companies. As our customers reinvent themselves, we enable
their digital and network transformation through innovative
solutions, delivery expertise and intelligent operations. Amdocs
and its 25,000 employees serve customers in over 85 countries.
Listed on the NASDAQ Global Select Market, Amdocs had revenue of
$3.7 billion in fiscal 2016.
For more information, visit Amdocs at www.amdocs.com.
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’ intention to complete this
transaction and its impact on Amdocs’ 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 possibility that a third party’s rights with respect to
such land shall not be waived (as to which we can provide no
assurances), 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, 2016 filed on December 12, 2016 and our quarterly 6-K form
furnished on February 13, May 22 and August 14, 2017.
Contact: Matthew Smith Head of Investor
Relations Amdocs 314-212-8328 E-mail: dox_info@amdocs.com
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