Amdocs to Acquire Vubiquity to Further Expand into the Media & Entertainment Business
January 30 2018 - 6:46PM
Amdocs (NASDAQ:DOX), a leading provider of solutions to
communications and media companies, today announced it has entered
into a definitive agreement to acquire Vubiquity, a leading
provider of premium content services and technology solutions,
subject to customary closing conditions. The two companies
are excited about the acquisition with the increased capacity to
now deliver enhanced digital content capabilities for network
operators, video distributors, OTT companies, content owners and
content producers.
The combination of Vubiquity’s expertise across the content
ecosystem and Amdocs’ proven, scalable solutions enables customers
to quickly improve entertainment offerings and maximize revenues
while gaining increased customer insights from content
consumption. The company is now uniquely positioned to
deliver a set of comprehensive content offerings so customers can
redirect operations, enable large libraries for global
distribution, and efficiently monetize their content
offerings. With Vubiquity, Amdocs will enhance its
capabilities to deliver an enriched customer experience, including
end-to-end solutions, for rapid deployment of new communications
and media services worldwide. Please see a short video
highlighting our capabilities https://www.amdocs.com/vubiquity
“This acquisition uniquely positions Amdocs at the center of
increased convergence across the content community and video
distributors including major OTT providers,” said Eli Gelman,
Amdocs President and CEO. “Our joint offerings address the
media and entertainment industry’s challenge in balancing the
incredible growth of content and the many ways to consume content
with making programming easier, faster to deliver and ultimately
watch, while also delivering profits.”
“Vubiquity has successfully been connecting content owners and
distributors across many diverse platforms and evolving business
models at the core of its support to the media community,” said
Vubiquity CEO Darcy Antonellis, who will, upon completion of the
deal, be joining Amdocs as head of the Amdocs Media Division. “Our
capabilities, coupled with Amdocs’ global scale and rich set of
complementary solutions around monetization, analytics and
personalized customer experience will be truly unique, allowing us
to deliver to a larger set of customers while solving key industry
challenges. This includes helping video distributors deliver
additional profitable offerings, as well as enabling content owners
to focus on content creation and maximizing licensing
revenues.”
Content has become the cornerstone of a consumers’ connectivity
experience and remains fundamental to the integrated service
provider’s business. Amdocs and Vubiquity can deliver
unparalleled cloud solutions using a modern modular micro-services
architecture across all aspects of delivery and user experience,
including video acquisition, processing, consumer engagement and
monetization.
Vubiquity is a trusted industry player, based in Los Angeles
with the experience of working with over 600 leading film studios,
television networks, and independent producers. Vubiquity has
a large international footprint in 121 countries and 80 languages
and manages a 150,000+ asset library, providing superior quality
and high volumes of assets for predictable day and date
delivery. These capabilities are of increasing importance to
Amdocs’ 350+ communication and media service provider
partners. Amdocs will showcase its media and entertainment
solutions next month at its booth at Mobile World Congress in
Barcelona.
The impact of the acquisition on Amdocs’ diluted non-GAAP
earnings per share is expected to be neutral in fiscal year 2018,
and accretive thereafter. 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. The Boards of Directors of Vubiquity and
Amdocs have approved the transaction for approximately $224 million
in cash which, subject to the satisfaction of the conditions to
closing, is expected to be completed before the end of Q2 of
FY2018.
About Amdocs
Amdocs 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 $3.9 billion in fiscal 2017. 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, 2017 filed on December 11,
2017.
Media Contacts:Linda HoriuchiAmdocs Public
RelationsTel: +1 (201) 631-6810E-mail:
linda.horiuchi@amdocs.com
Jennifer HeadleyHotwire PR for AmdocsTel: +1 212 897-2156E-Mail:
jennifer.headley@hotwirepr.com or AmdocsUS@hotwirepr.com
A video accompanying this release is available
at: http://www.globenewswire.com/NewsRoom/AttachmentNg/2d008302-14c6-4a5c-8008-c1a6a7ffc229
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