), a leading provider of customer relationship management and
billing software to communications service providers, has
recently planned to acquire Actix International for $120 million
in cash. The deal is expected to close by the end of this month.
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Actix International offers mobile network optimizing technology
to wireless network operators. The technology not only minimizes
expenses of network operators but also enhances the experience of
its end customers.
Acquisition of Actix will help Amdocs integrate its customer data
and solutions with the former's geo-located network data, thereby
slashing costs by making complete use of its existing network.
Recently, the company won several major contracts, comprising two
in the emerging markets of Brazil and Indonesia and one in the
most economically volatile region of Europe.
Amdocs' business opportunity in the U.S. is more visible after
stabilization of businesses with
) and renewal of long-term contracts with several leading telecom
and cable TV operators like
). Moreover, it has signed a 5-year global managed services
Vodafone Group plc.
). The new deal will help the carrier to optimize its customer
care and billing activities.
The company is performing well in the emerging markets of
Southeast Asia and Latin America. The total order backlog was
$2,830 million at the end of the third quarter of fiscal 2013.
Amdocs also bought Bridgewater which will help the company
enhance its phone-billing software. This software facilitates
carriers to effectively monetize their assets and deliver
superior services while improving operating performance.
Amdocs currently has a Zacks Rank #3 (Hold).