ST LOUIS - November 05, 2013 -
Amdocs (NYSE: DOX), the leading provider of customer experience systems and services, today announced it has entered into a definitive agreement to acquire substantially all the assets of Celcite Management Solutions LLC for approximately $129 million in cash, subject to customary closing conditions. Additional consideration may be paid later based on the achievement of certain performance metrics. This acquisition expands the Amdocs customer experience portfolio further into the network software domain to manage customer experience across both networks and IT. The transaction is expected to close late in Amdocs’ current first fiscal quarter or at the beginning of the second fiscal quarter.
The acquisition of Celcite builds upon and enhances the recent acquisition of Actix, and demonstrates Amdocs’ continued commitment to its network software and services strategy. By combining Actix’s market leading products with Celcite’s comprehensive network management and Self Optimizing Networks (SON) services and offering capabilities, Amdocs will be able to offer service providers comprehensive equipment-agnostic optimization solutions.
In addition, Amdocs will be expanding its CES (Customer Experience Systems) portfolio with quality-of-service (QOS) focused, geo-located network data that will drive a variety of optimization use cases. The acquisition will position Amdocs as the first supplier to offer customer experience-driven network optimization software and services based on a holistic view of the customer experience across all domains.
Working as one, Amdocs, Actix and Celcite will be able to provide communication service providers around the globe with a wide range of product-led services to better optimize their hybrid mobile networks, including solutions that can accelerate the rollout of existing networks and new network deployments such as LTE, WiFi and small cells. These solutions will be agnostic to manufacturers of network equipment and components.
Amdocs will also enable service providers to put their customers at the center of the network and optimize customer experience by leveraging real-time network data combined with rich customer data stored in core Amdocs business and operating support systems (B/OSS).
“Together, Amdocs, Celcite and Actix will emerge as the preferred provider of network management and SON solutions to service providers worldwide,” said Rahul Sharma, founder and chief executive officer at Celcite. “With the combination of our people, assets, and product/services expertise, we will offer unmatched end-to-end offerings to relieve customers’ core network challenges, including capacity and rollout, and help them tie the customer experience to the network in real-time.”
“Amdocs customers must optimize their networks to handle the data explosion and reduce associated costs,” said Rebecca Prudhomme, vice president of product and solutions marketing at Amdocs. “One of their largest pain-points is dealing with issues that arise within the radio network, which are typically responsible for a large percentage of all customer satisfaction and churn problems. The acquisition will enable Amdocs to better offer our customers solutions (both products and services) for the management and Radio Access Network (RAN) optimization of all mobile networks including 2G, 3G, LTE and small cells to maximize the return from their network assets.”
Founded in 2003, Celcite's solutions are deployed at numerous mobile service providers. In addition to product and solution synergies, Amdocs and Celcite share several top tier customers.
Amdocs expects the acquisition of Celcite, if completed, to be modestly accretive to 2014 non-GAAP earnings per share (excluding acquisition related costs and equity-based compensation expense, net of related tax effects). The impact on GAAP results will not be known until after Amdocs completes the purchase price accounting for the acquisition. Amdocs may incur acquisition-related expense in fiscal year 2014 to account for certain costs related to the acquisition. Supporting Resources
Celcite Management Solutions is an experienced provider of leading self-organizing / self optimizing network (SON) and network management solutions. Celcite is helping to transform network management and optimization processes through reliable, effective network automation technologies such as SON.
Celcite’s flexible, scalable, multi-vendor, multi-technology automation platform has quickly catapulted Celcite to recognized leadership in the industry. Celcite offers a centralized, intelligent OSS system that lies at the heart of Celcite’s self-optimizing network technologies, providing a wide variety of strategic capabilities - such as geo-location and intelligent automatic correlation systems - to reliably deliver network automation.
For more information, visit www.celcite.com About Amdocs
For more than 30 years, Amdocs has ensured service providers' success and embraced their biggest challenges. To win in the connected world, service providers rely on Amdocs to simplify the customer experience, harness the data explosion, stay ahead with new services and improve operational efficiency. The global company uniquely combines a market-leading BSS, OSS and network control product portfolio with value-driven professional services and managed services operations. With revenue of $3.2 billion in fiscal 2012, Amdocs and its 20,000 employees serve customers in more than 60 countries. Amdocs: Embrace Challenge, Experience Success.
For more information, visit Amdocs at www.amdocs.comAmdocs' Forward-Looking StatementThis 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 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, 2012 filed on December 11, 2012 and our quarterly 6-K forms furnished on February 12, May 16 and August 12, 2013.Media Contact:
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