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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Sun., Jul. 5, 3:01 PM

Slide #2. Amdocs Comverse BSS Assets

Acquirer: Amdocs (NASDAQ:DOX)
Acquiree: Comverse BSS Assets
Details: Amdocs (NASDAQ:DOX), the leading provider of customer experience solutions, today announced that it has completed the acquisition of a substantial majority of Comverse's business support systems (BSS) business unit assets, for approximately $273 million in cash, including its converged, prepaid, postpaid and Kenan billing assets. The acquisition geographically complements Amdocs' existing activities by expanding and diversifying the company's global customer base, particularly in Europe, Asia-Pacific and Latin America, where Comverse has a wide BSS customer footprint.

Amdocs is engaged in the provision of software and services for communications, media and entertainment industry service providers in developed countries and in emerging markets, such as those in the Commonwealth of Independent States, India, Latin America and Southeast Asia. Co. develops, implement and manage software and services associated with business support systems, operational support systems and network control and optimization offerings to enable service providers to efficiently and cost-effectively introduce new products and services, process orders, monetize data and support new business models and generally enhance their understanding of their customers.

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Company Name:  Amdocs Ltd.
Sector:  Information Technology Services
Number of ETFs Holding DOX:  25
Total Market Value Held by ETFs:  $93.69M
Total Market Capitalization:  $8.71B
% of Market Cap. Held by ETFs:  1.08%

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July 5, 2015    3:01 PM Eastern
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Buy (2.75 out of 4)
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