Amdocs Acquires jNetX, A Leading Provider in the Service Delivery Platform (SDP) Market

Tue Oct 27, 2009 5:08am EDT

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Amdocs Acquires jNetX, A Leading Provider in the Service Delivery Platform
(SDP) Market
Acquisition accelerates Amdocs' position in SDP; enables service providers to
harness the capabilities of converged networks, IT and web in order to deliver
rich, next-generation services


ST. LOUIS, Oct. 27 /PRNewswire-FirstCall/ -- Amdocs (NYSE: DOX), the leading
provider of customer experience systems, today has announced the acquisition
of jNetX, a privately-held service delivery platform (SDP) provider, for $50
million net of debt and cash, subject to post closing adjustments. This
acquisition accelerates Amdocs' position in the SDP market by combining
jNetX's industry leading offering with Amdocs' existing customer experience
solutions and service delivery capabilities. For perspective, the SDP market
is estimated to grow at a 14% CAGR to $6 billion by 2013, according to a
leading industry analyst firm (Analysys Mason, August 2009).

Today, service providers are seeking to transition their businesses from
predominantly subscription-based access services to include rich content,
applications, and other next-generation offerings. The combination of Amdocs
and jNetX products will allow service providers to expose both Telecom and IP
components in the network to offer convergent network, IT and Web-based
services to all of their customers. This approach will benefit customers by
enabling faster time-to-market and the monetization of next-generation
services, and will differentiate Amdocs from most other SDP vendors which
support next generation services solely on IP-based networks.

"jNetX is a true innovator and has taken a different technical approach with
its Java-enabled convergent service platform. This approach has provided
greater value to service providers and helped jNetX achieve a strong position
in the SDP marketplace," said Jim Liang, senior vice president strategy and
corporate development for Amdocs. "Today's acquisition accelerates that value
by not only offering a unique technological combination, but by wrapping that
technology with Amdocs' deep industry knowledge and leading consulting and
delivery capabilities."

The combination also provides strategic enhancements to the Amdocs CES
Portfolio as it:

    --  Enhances Amdocs' convergent charging offering by providing scalable
        robust service control and service brokering capabilities;
    --  Delivers closer integration with the Amdocs App Store to expose
        services to developers;

    --  Provides a holistic service delivery framework that enables a quicker
        launch time for new services.

"One of the biggest challenges with this new, rapid service delivery model has
been to ensure that services can be efficiently provisioned and properly
monetized through real-time charging mechanisms," said Gary Miles, CEO of
jNetX. "By incorporating the jNetX carrier-class service platform into the CES
suite, Amdocs extends its market leading offering providing a consolidated
OSS, BSS and SDP solution for consistent service creation, management,
delivery, charging and customer care."

In addition to the product synergies, Amdocs and jNetX share a number of top
tier customers, including Vodafone Group, British Telecom and Mobilkom. The
combination will benefit customers as they seek to enhance the customer
experience and become an active participant in the emerging Telco-Web

Amdocs does not expect a material impact from the acquisition of jNetX on
fiscal year 2010 non-GAAP earnings per share, which excludes acquisition
related costs and equity-based compensation expense, net of related tax
effects. The impact on GAAP results will be finalized after Amdocs completes
the purchase price accounting for the acquisition.

About Amdocs
Amdocs is the market leader in customer experience systems innovation,
enabling world-leading service providers to deliver an integrated, innovative
and intentional customer experience(TM) at every point of service. Amdocs
provides solutions that deliver customer experience excellence, combining the
software, services and expertise to help its customers execute their
strategies and achieve service, operational and financial excellence. A global
company with revenue of $3.16 billion in fiscal 2008, Amdocs has approximately
17,000 employees and serves customers in more than 50 countries around the
world. For more information, visit Amdocs at

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 segments
it serves, 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, 2008,
filed on December 8, 2008, and in our quarterly 6-K furnished on February 9,
May 12, and August 10, 2009. 

SOURCE  Amdocs

Holly Rossetti of Amdocs, + 44-207-343-2519,
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