ST. LOUIS – April 9, 2021 - Amdocs (NASDAQ: DOX), a leading provider of software and services to communications and media companies, today announced that it has been selected by Fastweb, a major Italian telecommunications operator, to modernize its mission-critical inventory systems, as part of its ongoing initiative to transform its IT systems into a flexible and 5G-ready platform to grow and differentiate its business. Amdocs will enable Fastweb to drive business growth, time-to-market agility, and operational efficiencies for existing and emerging services, including 5G and Fastweb Cloud Services.
As part of the deal, Amdocs will upgrade Fastweb’s Network Inventory to the next-generation OSS solution, providing inventory, network navigation, reporting and ongoing maintenance, supporting the transformation of Fastweb’s IT into an open and dynamic infrastructure, enhancing the overall experience for Fastweb’s customers. Amdocs’ next-generation OSS solutions will empower Fastweb to deliver enhanced quality-of-service for customers with demanding SLAs. The project is tailored to improve operational performance and give Fastweb a future-proof solution for its service delivery processes.
“CSPs worldwide are embarking on an accelerated journey to transform their business, enhance customer experience, and prepare for innovative services that lead to monetization opportunities in the 5G and cloud era,” said Anthony Goonetilleke, group president of Media, Network and Technology, Amdocs. “Working alongside Fastweb we look forward to an exciting journey delivering experiences on their next generation network.”
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Amdocs’ purpose is to enrich lives and progress society, using creativity and technology to build a better connected world. Amdocs and its 26,000 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.
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