Amdocs has completed the acquisition of a substantial majority of Comverse’s business support systems (BSS) business unit assets, for approximately US$273 million in cash, including its converged, prepaid, postpaid and Kenan billing assets. The acquisition geographically complements Amdocs’ existing activities by expanding and diversifying the company’s global customer base, particularly in Europe, Asia-Pacific and Latin America, where Comverse has a wide BSS customer footprint. “We are delighted to be welcoming Comverse BSS customers to Amdocs, and we very much look forward to working with these customers and their partners as we build a long-term relationship together,” said Eli Gelman, president and chief executive officer of Amdocs. “Following this acquisition, Amdocs will be able to bring additional value, innovation and a broader range of offerings and services to many Comverse BSS customers.”
Amdocs expects the acquisition of the Comverse BSS assets to contribute revenue in the low tens of millions of dollars for the first couple of quarters after closing. However, Amdocs expects to incur acquisition-related expenses related to operating adjustments, restructuring charges and other acquisition-related costs.
