Amdocs Completes Acquisition of Vubiquity to Further Expand into Media & Entertainment Business
23 February 2018 - 8:05AM
Amdocs (NASDAQ:DOX), a leading provider of software and services to
communications and media companies, today announced it has
completed the acquisition of Vubiquity, a leading provider of
premium digital content services and technology solutions. This
acquisition adds premium content capabilities, including licensing,
processing and delivery, for the benefit of customers and end users
worldwide, positioning the company at the center of increased
convergence across the content community and video distributors
including major over-the-top (OTT) providers.
“We are delighted to welcome Vubiquity and its customers to
Amdocs and look forward to working together to deliver solutions as
the media market continues to evolve at a rapid pace,” said Anthony
Goonetilleke, Group President for Amdocs Technology. “With
this acquisition, Amdocs stands ready to enable communication
service providers and content producers to quickly expand and
improve entertainment offerings to grow revenues while gaining
increased consumer insights from content consumption.”
Consistent with guidance provided on January 30, 2018, the
impact of the acquisition on Amdocs’ diluted non-GAAP earnings per
share is expected to be neutral in fiscal year 2018, and accretive
thereafter. The impact on diluted GAAP EPS will not be known until
after Amdocs completes the purchase price allocation. Amdocs
expects to incur acquisition-related expenses related to operating
adjustments, restructuring charges and other acquisition-related
costs. Further information relating to the financial impact
of this acquisition for fiscal 2018 will be provided on Amdocs’ Q2
of FY18 earnings conference call on May 10, 2018 at 5:00 p.m.
Eastern Time.
Supporting Resources:
- Learn more about our capabilities
https://www.amdocs.com/vubiquity
- Keep up with Amdocs news by visiting the company’s website
- Subscribe to Amdocs’ RSS Feed and follow us on Twitter,
Facebook, LinkedIn and YouTube
About Amdocs
Amdocs is a leading software and services provider to the
world’s most successful communications and media companies. As our
customers reinvent themselves, we enable their digital and network
transformation through innovative solutions, delivery expertise and
intelligent operations. Amdocs and its 25,000 employees serve
customers in over 85 countries. Listed on the NASDAQ Global Select
Market, Amdocs had revenue of $3.9 billion in fiscal 2017. For more
information, visit Amdocs at www.amdocs.com.
Amdocs’ Forward-Looking Statement
This press release includes information that constitutes
forward-looking statements made pursuant to the safe harbor
provision of the Private Securities Litigation Reform Act of 1995,
including statements about Amdocs’ growth and business results in
future quarters and expectations about the impact of the Vubiquity
acquisition on the Company’s future results. Although we believe
the expectations reflected in such forward-looking statements are
based upon reasonable assumptions, we can give no assurance that
our expectations will be obtained or that any deviations will not
be material. Such statements involve risks and uncertainties that
may cause future results to differ from those anticipated. These
risks include, but are not limited to, the effects of general
economic conditions, Amdocs’ ability to grow in the business
markets that it serves, Amdocs’ ability to successfully integrate
acquired businesses including Vubiquity, adverse effects of market
competition, rapid technological shifts that may render the
Company's products and services obsolete, potential loss of a major
customer, our ability to develop long-term relationships with our
customers, and risks associated with operating businesses in the
international market. Amdocs may elect to update these
forward-looking statements at some point in the future; however,
the Company specifically disclaims any obligation to do so. These
and other risks are discussed at greater length in the Company's
filings with the Securities and Exchange Commission, including in
our Annual Report on Form 20-F for the fiscal year ended September
30, 2017 filed on December 11, 2017 and our quarterly 6-K form
furnished on Feb 12, 2018.
Media Contacts:Linda HoriuchiAmdocs Public
RelationsTel: +1 (201) 631-6810E-mail:
linda.horiuchi@amdocs.com
Jennifer HeadleyHotwire PR for AmdocsTel: +1 212 897-2156E-Mail:
jennifer.headley@hotwirepr.com or AmdocsUS@hotwirepr.com
Amdocs (NASDAQ:DOX)
Historical Stock Chart
From Jun 2024 to Jul 2024
Amdocs (NASDAQ:DOX)
Historical Stock Chart
From Jul 2023 to Jul 2024