Amdocs to buy Comverse BSS Assets worth $272 Million

amdocs-logo-150x150

Amdocs has entered into a definitive agreement to acquire a substantial majority of Comverse’s business support systems (BSS) business unit assets for approximately $272 million in cash, subject to customary closing conditions. The Boards of Directors of Comverse and Amdocs have approved the transaction which, subject to the satisfaction of the conditions to closing, is expected to be completed before the end of September 2015.

“With Amdocs’ broad range of products and services, this agreement will only serve to benefit existing Comverse BSS customers. Customers should feel assured by Amdocs’ experience with smoothly integrating acquisitions and their commitment to maintaining and growing relationships,” said Philippe Tartavull, President & Chief Executive Officer, Comverse.

Eli Gelman President CEO Amdocs Management Limited. 300x300 Amdocs to buy Comverse BSS Assets worth $272 Million“As a result of this acquisition, Amdocs, with its more than 30-year industry experience, will be able to bring additional value and innovation to Comverse’s customers. As we move forward, the strength of our company and unique business model which combines products and services will enable Amdocs to offer even better services to customers as we leverage our joint professional industry expertise for the benefit of our customers,” said Eli Gelman, President & CEO, Amdocs Management Limited.

See more at: http://www.varindia.com/amdocs-to-buy-comverse-bss-assets-worth-272-million/

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s