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Amdocs Limited Completes Acquisition of XACCT Technologies
XACCT’s industry-leading convergent mediation capabilities bolster Amdocs leadership position in true integrated customer management<br/>

ST. LOUIS, MO - February 19, 2004 - Amdocs (NYSE: DOX), the world’s leading provider of billing and CRM products and services for true integrated customer management, today announced the completion of the acquisition of XACCT Technologies, Inc., a privately-held provider of industry-leading mediation software to Communications Services Providers. On December 22, 2003, Amdocs disclosed its agreement to acquire XACCT’s outstanding shares for approximately $29.5 million, subject to certain adjustments, of which approximately $13.5 million was paid in cash and the balance in 560,777 Amdocs Ordinary Shares.

This acquisition expands the scope of Amdocs capabilities in the network mediation space, providing the capability for supporting end-to-end event processing for voice, data, content and commerce prepaid, postpaid and nowpaid transactions.

“XACCT’s unique mediation capabilities provide Amdocs a competitive advantage, and are an integral part of our strategy to enable Communications Services Providers to seamlessly link their networks with their customers and business processes to achieve stronger, more profitable customer relationships,” said Eli Gelman, Executive Vice President of Amdocs Management Limited. “The integration of XACCT’s industry-leading mediation software provides us a powerful portfolio to meet our customers’ needs for convergent mediation solutions. Both Amdocs and our customers will greatly benefit from the significant R&D investments that have made XACCT’s mediation products best-in-class, as well as from the high-quality, talented employees now joining the Amdocs team.”

The acquisition of XACCT is an important element in Amdocs strategy to expand its current offerings and market presence in mobile, wireline, and cable segments. The integration of XACCT’s industry-leading mediation software products and architectural approach are expected to:
  • Extend Amdocs capabilities and market reach toward the applications – a critical area as service providers look to expand service offerings and charge for new data and content services
  • Provide customers with lasting integration of billing and mediation, and speed time-to-market for new services. XACCT’s product platform, including its award-winning Network-to-Business (N2B®) Platform, are incorporated into the Amdocs product roadmap under the Amdocs XACCT Mediation brand
  • Offer Communications Services Providers the benefits of reduced project risk and a stronger overall solution, when combined with Amdocs’ comprehensive services. Existing Amdocs customers will be provided new capabilities in the areas of mediation and message acquisition and formatting
XACCT is a recognized industry leader in mediation software, which serves as a critical link between networks and OSS/BSS systems. Mediation involves the collection, filtering, correlation and formatting of voice, data, content or commerce usage information from the network. XACCT provides the industry-leading convergent mediation platform for telecommunications service providers such as wireline carriers, mobile operators, cable operators, and managed services providers. XACCT’s carrier-class Network-to-Business Platform enables service providers to monetize their network traffic by harnessing network information to create new value-based services and lower operational costs.

Amdocs expects to incur a one-time acquisition related charge in its second quarter ending March 31, 2004 to account for certain costs relating to the acquisition, primarily the write off of purchased in- process research and development. The Amdocs Ordinary Shares issued in the acquisition are not registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

About Amdocs
Amdocs combines innovative software products and services with deep business knowledge to deliver true integrated customer management to the world’s leading services companies. Our best-in-class billing and CRM products seamlessly link all customer-facing business processes - marketing, sales, ordering, delivery, fulfillment, billing, settlement, service, support, and analytics - resulting in stronger, more profitable customer relationships. Amdocs enables its customers to implement their business strategy with rapid return on investment, lower total cost of ownership and improved operational efficiencies. A global company, Amdocs employs over 9,000 IT professionals and serves customers in more than 40 countries around the world. Amdocs reported revenue of nearly $1.5 billion in fiscal 2003.

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 mobile, wireline and IP business segments, 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. 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, filed on December 24, 2003.

Media Contacts:

Chris Loncto
Access Communications for Amdocs
Tel: +1-917-522-3524
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