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Amdocs Completes Acquisition of Longshine, A Leading Customer Care and Billing Provider in China

 

August 4, 2005, St. Louis, Missouri - Amdocs (NYSE: DOX), the leading provider of software and services to enable integrated customer management and the intentional customer experience, announced today the completion of the acquisition of Longshine Information Technology Company Ltd., a privately-held, leading vendor of customer care and billing software in China. Amdocs acquired Longshine’s outstanding shares for approximately US $30 million in cash with the possibility of additional cash consideration to be paid later based on the achievement of certain performance metrics. This acquisition expands Amdocs’ global presence and marks its entry into mainland China.

“We are pleased with this acquisition and what the combination means for Amdocs. The fast growing China market represents a tremendous potential opportunity,” said Eli Gelman, executive vice president of Amdocs Management Limited. “Amdocs combined offering will enable service providers in China to effectively deal with the rapidly evolving market needs, increasing competition and the associated growing complexity.”

The former Longshine will operate as a business unit in China within Amdocs and will be led by the founder and CEO, Mr. Zhangjun XU. Amdocs intends to continue to sell Longshine’s software products and services in China. In parallel, Amdocs will continue offering the Amdocs 6 portfolio of products and accompanying services to the Chinese market.

Longshine has been providing billing, customer care, business intelligence and settlement systems, as well as associated integration and implementation services, since 1996, with a primary focus on the telecommunications sector in China, in addition to the utility industry. Today, it counts three out of China’s four largest communications service providers and two power grid companies among its customers. Headquartered in Beijing, Longshine is present in more than 15 provinces across China and serves more than 120 million subscribers. It has been successful in attracting skilled professionals experienced in the delivery of customer care and billing systems, and has close to 800 employees.

About Amdocs
Amdocs combines innovative software and services with deep business knowledge to accelerate implementation of an integrated customer management strategy by the world’s leading service providers. By delivering a comprehensive portfolio of software and services that spans the customer lifecycle – target, sell, deliver, bill and support – Amdocs enables service companies to deliver an intentional customer experience, which results in stronger, more profitable customer relationships. Service providers also benefit from a rapid return on investment, lower total cost of ownership and improved operational efficiencies. A global company with the revenue of approximately $1.8 billion in fiscal 2004, Amdocs employs over 10,000 IT professionals and serves customers in 40 countries around the world. For more information, visit Amdocs at www.amdocs.com.


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