Summit Broadband Selects Amdocs to Drive its Fiber Business and Operational Transformation, Improving Customer Experiences and Monetization Opportunities
JERSEY CITY, NJ — November 7th, 2023 —Amdocs (NASDAQ: DOX), a leading provider of software and services to communications and media companies, today announced that Summit Broadband chose Amdocs as their strategic collaborator for a multi-year initiative aimed at transforming their business and operations ecosystem.
This collaboration will propel Summit Broadband’s operational efficiencies, elevate customer experiences, and unlock new opportunities for sales growth. By harnessing Amdocs’ intelligent and digital solutions, Summit Broadband can align their capabilities with the evolving needs of businesses.
Kurt Van Wagenen, CEO, Summit Broadband, said: “As we continue to transform our business to improve our operational efficiencies and provide a better experience for our customers, we're excited to work with Amdocs to make this a reality. As the broadband and fiber industry continues to evolve, keeping pace with customer expectations, and providing new, innovative offerings is paramount to our business.”
Anthony Goonetilleke, Group President of Technology and Head of Strategy at Amdocs, said: "We're proud to work with Summit Broadband on their business journey. With intelligent, digital solutions from Amdocs, Summit Broadband will be better positioned to meet the evolving needs of customers, while also accelerating sales, streamlining operations, and driving new monetization opportunities in the broadband market.”
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About Amdocs
Amdocs helps those who build the future to make it amazing. With our market-leading portfolio of software products and services, we unlock our customers’ innovative potential, empowering them to provide next-generation communication and media experiences for both the individual end user and enterprise customers. Our approximately 30,000 employees around the globe are here to accelerate service providers’ migration to the cloud, enable them to differentiate in the 5G era, and digitalize and automate their operations. Listed on the NASDAQ Global Select Market, Amdocs had revenue of $4.89 billion in fiscal 2023. For more information, visit 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 and years. 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 macro-economic conditions, prevailing level of macroeconomic, business and operational uncertainty, including as a result of geopolitical events or other global or regional events such as the recent attacks in Israel and evolving conflict and the COVID-19 pandemic, as well as the current inflationary environment, and the effects of these conditions on the company’s customers’ businesses and levels of business activity, including the effect of the current economic uncertainty and industry pressure on the spending decisions of the company’s customers, 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, our ability to successfully and effectively implement artificial intelligence and Generative AI in the company’s offerings and operations 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, Amdocs 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, 2022 filed on December 13, 2022 and our Form 6-K furnished for the first quarter of fiscal 2023 on February 13, 2023, for the second quarter of fiscal 2023 on May 22, 2023, and for the third quarter of fiscal 2023 on August 14, 2023.
Media Contacts
Michael Zema
Amdocs Public Relations
E-mail: mzema@amdocs.com
Emily Holt
PAN Communications for Amdocs
Email: amdocs@pancomm.com
