Amdocs Acquires jNetX
Amdocs (NYSE: DOX), the leading provider of customer experience systems, has acquired jNetX, a privately-held service delivery platform (SDP) provider, for $50 million net of debt and cash, subject to post closing adjustments. This acquisition accelerates Amdocs’ position in the SDP market by combining jNetX’s industry leading offering with Amdocs’ existing customer experience solutions and service delivery capabilities. For perspective, the SDP market is estimated to grow at a 14% CAGR to $6 billion by 2013, according to a leading industry analyst firm (Analysys Mason, August 2009).
Today, service providers are seeking to transition their businesses from predominantly subscription-based access services to include rich content, applications, and other next-generation offerings. The combination of Amdocs and jNetX products will allow service providers to expose both Telecom and IP components in the network to offer convergent network, IT and Web-based services to all of their customers. This approach will benefit customers by enabling faster time-to-market and the monetization of next-generation services, and will differentiate Amdocs from most other SDP vendors which support next generation services solely on IP-based networks.
The combination also provides strategic enhancements to the Amdocs CES Portfolio as it:
• Enhances Amdocs’ convergent charging offering by providing scalable and robust service control and service brokering capabilities;
• Delivers closer integration with the Amdocs App Store to expose network services to developers;
• Provides a holistic service delivery framework that enables a quicker launch time for new services.
In addition to the product synergies, Amdocs and jNetX share a number of top tier customers, including Vodafone Group, British Telecom and Mobilkom. The combination will benefit customers as they seek to enhance the customer experience and become an active participant in the emerging Telco-Web eco-system.
Amdocs does not expect a material impact from the acquisition of jNetX on fiscal year 2010 non-GAAP earnings per share, which excludes acquisition related costs and equity-based compensation expense, net of related tax effects. The impact on GAAP results will be finalized after Amdocs completes the purchase price accounting for the acquisition.
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