Amdocs acquires Actix for $120 Million in Cash

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Amdocs acquires Actix for $120 Million in Cash 
Intending to expand its customer experience portfolio further in the network domain to manage customer experience across both networks and IT,Amdocs(NYSE:DOX) has announced signing a definitive agreement to acquireprivately-held Actix for approximately $120 million in cash, subject to customary closing conditions. This acquisition expands Amdocs' customer experience portfolio further in the network domain to manage customer experience across both networks and IT.

The Boards of Directors of Actix and Amdocs have approved the transaction which is expected to be completed by the end of September.

With the acquisition of Actix, the leading independent software provider of mobile network optimization solutions, Amdocs will be expanding its CES (Customer Experience Systems) portfolio with geo-located network data that will drive a variety of optimization use cases.

Rebecca Prudhomme, Vice-President of Product and Solutions Marketing, Amdocs, said, "With this acquisition, Amdocs will continue to lead the way in customer experience innovation. Linking network knowledge to customer insight, we will continue to deliver on the promise of our CES 9 portfolio to help service providers unleash the power of experience, while delivering operational efficiencies."

"Together, Amdocs and Actix will continue to pioneer development in network optimization, enhancing our position as the leading provider of network-independent solutions in this area. The combination of our assets, spanning network and IT, will offer service providers the most powerful customer experience-driven network optimization solution available," said Bill McHale, Chief Executive Officer, Actix.

The acquisition is also expected to position Amdocs as the first vendor to offer customer experience-driven network optimization based on a holistic view of the customer experience.........See More

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