ST. LOUIS - September 9, 2019 - Samsung Electronics Co., Ltd.(Samsung) and Amdocs (NASDAQ: DOX), a leading provider of software and services to communications and media companies, today announced multiple joint initiatives to accelerate communications service providers’ (CSP) journeys to open cloud networks that provide the freedom and agility necessary to innovate and better manage the delivery of 5G services to market, with increased speed and with greater scale and reach to consumer and business clients.
Amdocs and Samsung Networks will collaborate to onboard and integrate Virtual Network Functions (VNFs) so that CSPs can better take advantage of Samsung’s 5G network solutions with the Open Network Automation Platform (ONAP), the industry leading open source automation platform. The collaboration will start with Samsung’s Virtualized Central Unit (vCU) function and will expand to cover additional areas through execution of a comprehensive program, including components of the 5G core, to help CSPs realize a full end-to-end 5G cloud network that supports their current and future business requirements.
The two companies will also explore the possibility of delivering relevant network services, such as vRAN rollout and integration, and related Network Function Virtualization (NFV) enablement solutions. Virtualized network functions that are managed by a comprehensive automation and orchestration platform will provide CSPs with a rich set of innovative new services that can be deployed, discovered and scaled on demand, providing new ways to monetize the network.
“This partnership with Amdocs on ONAP enablement helps us accelerate an important shift towards a dynamic software-driven architecture that will empower networks to adjust themselves to meet ever-changing user demands and network conditions,” said Jaeho Jeon, Executive Vice President and Head of R&D, Networks Business at Samsung Electronics. “As we move 5G business forward, we continue to drive the adoption of ONAP and 5G network deployment to enrich the 5G ecosystem.”
“As the deployment of 5G networks accelerates, CSPs are taking the opportunity to rearchitect their network to be open, virtualized, cloud-based and AI-infused,” said Anthony Goonetilleke, group president of Media, Network and Technology, Amdocs. “By teaming with Samsung, Amdocs combines its expertise in enterprise-grade ONAP and software-defined systems with Samsung’s advanced 5G network solutions portfolio to better enable CSPs to launch innovative new services at speed.”
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Amdocs is a leading software and services provider to communications and media companies of all sizes, accelerating the industry’s dynamic and continuous digital transformation. With a rich set of innovative solutions, long-term business relationships with 350 communications and media providers, and technology and distribution ties to 600 content creators, Amdocs delivers business improvements to drive growth. Amdocs and its 25,000 employees serve customers in over 85 countries. Listed on the NASDAQ Global Select Market, Amdocs had revenue of $4.0 billion in fiscal 2018. For more information, visit Amdocs at www.amdocs.com.
About Samsung Electronics Co., Ltd.
Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, smartphones, wearable devices, tablets, digital appliances, network systems, and memory, system LSI, foundry and LED solutions. For the latest news, please visit the Samsung Newsroom at http://news.samsung.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 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, 2018 filed on December 10, 2018 and our quarterly 6-K form furnished on February 19, May 28 and August 8, 2019.
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