Amdocs Accelerates Policy and Charging Control as-a-Service Offering for Cloud and 5G Era
23 June 2021 - 10:00PM
Amdocs (NASDAQ: DOX), a leading provider of software and services
to communications and media companies, today announced that its
Policy and Charging Control offering can now be delivered in the
cloud, managed as a service, as well as on-premise. Amdocs Charging
software serves more than 1 billion subscribers and its Policy
software serves more than 500 million subscribers at leading
service providers across the globe, including a number of
deployments in various public clouds. This new evolution
facilitates service providers in embracing and establishing
commercial value on the multiple new technical currencies that are
emerging within 5G networks.
Deploying Amdocs Policy and/or Charging Control “as-a-Service”
can further accelerate service providers’ ability to focus on
positioning themselves beyond their traditional core connectivity
business, supporting the development of an ecosystem of new
capabilities and rapidly linking service needs to business
outcomes. This simpler technology consumption model also permits
service providers to easily and cost-effectively place advanced 5G
PCC functionality in parallel to any legacy systems in
operation.
The microservices-based, cloud-native solution permits updates
on a continuous and granular level and - when delivered as a
service – operations and updates are seamlessly coordinated and
managed by Amdocs on behalf of the service provider. This
updatability reduces risk of downtime and uncoordinated upgrades
and brings the benefit of constantly updated core network software.
Amdocs Policy and Charging Control also provides the optimum mix of
elastic scalability, both in terms of very small to extremely
large, and evolves from a highly centralized software stack that is
expected to provide all things for all services to massively
distributed and highly flexible edge cloud and mobile edge
compute.
“Communications service providers and vendors have been slow in
adopting SaaS models for monetization platforms due to uncertainty
and risk. They should focus on the benefits of SaaS to drive its
adoption in the monetization platforms sector,” said John Abraham,
principal analyst, research, at Analysys Mason.
“Service providers are working to accelerate the growth of their
B2B and B2B2x businesses with new offerings and business models
that go beyond traditional connectivity,” said Anthony
Goonetilleke, group president, Media, Network and Technology,
Amdocs. “With advanced charging and policy capabilities that are
consumable on-demand through Amdocs’ as-a-Service
solution, service providers now have the tools to rapidly
launch and deliver a wide range of new services with unprecedented
scale, including monetizing their cloud and edge assets with highly
flexible and tailored usage-based approaches targeted towards large
enterprises, small- and medium-size business, and a vast partner
ecosystem.”
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About Amdocs
Amdocs’ purpose is to enrich lives and progress
society, using creativity and technology to build a better
connected world. Amdocs and its 27,000 employees partner with the
leading players in the communications and media industry, enabling
next-generation experiences in 85 countries. Our cloud-native, open
and dynamic portfolio of digital solutions, platforms and services
brings greater choice, faster time to market and flexibility, to
better meet the evolving needs of our customers as they drive
growth, transform and take their business to the cloud. Listed on
the NASDAQ Global Select Market, Amdocs had revenue of $4.2 billion
in fiscal 2020. 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. 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,
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 Amdocs’ filings with the Securities and Exchange
Commission, including in our Annual Report on Form 20-F for the
fiscal year ended September 30, 2020 filed on December 14, 2020 and
our Form 6-K furnished for the first quarter of fiscal 2021 on
February 16, 2021 and for the second quarter of fiscal 2021 on May
24, 2021.
Media Contacts:Jeff BarakAmdocs
Public RelationsTel: +972 (0)52 645 3637E-mail:
Jeff.Barak@amdocs.com
Emily HoltPAN Communications for AmdocsEmail:
Amdocs@pancomm.com
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