Amdocs Buys Three Back Office Outfits
Amdocs (NASDAQ:DOX) has closed the acquisition of three privately owned back office companies - Vindicia, Brite:Bill and Pontis - in line with ...
Amdocs (NASDAQ:DOX) has closed the acquisition of three privately owned back office companies - Vindicia, Brite:Bill and Pontis - in line with the company's digital strategy. The three similarly priced companies were acquired for a combined amount of approximately $260 million in cash, net.
"These acquisitions, alongside Amdocs' existing platforms which include multi-channel, digital care and commerce, customer management and big data analytics solutions, position Amdocs as the market leader to help communication and media providers on their journey," said Eli Gelman, Amdocs Management Limited president and CEO. "I am excited by these companies joining Amdocs, as their cloud-based technologies will augment Amdocs' rich offering and shorten our time to market."
Vindicia is a provider of software-as-a-service (SaaS) subscription management and payment solutions and is based in Silicon Valley. Brite:Bill's technology and services are intended to transform invoices into a personalized, digital, interactive billing experience in the channel of the customer's choice. The company is based in Dublin. Pontis is a provider of contextual digital engagement solutions and is based in Tel Aviv.