Press release content from Globe Newswire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Globe Newswire
Press release content from Globe Newswire. The AP news staff was not involved in its creation.

Amdocs Announces Complete Set of SI Practices and Solutions to Take the Communications Industry to the Cloud

March 4, 2020 GMT

ST. LOUIS, March 04, 2020 (GLOBE NEWSWIRE) -- Amdocs (NASDAQ: DOX), a leading provider of software and services to communications and media companies, announced today systems integration (SI) capabilities including Consulting, Agile DevOps, Cloud Migration, Cloud Capacity Optimization and the Future Mode of Operation aimed at taking the communications industry to the cloud at an accelerated pace. Amdocs’ SI practice includes co-customer development, third-party solutions and delivery of its own multi-cloud portfolio of microservices for Business Support Systems (BSS), next generation networks and the media and entertainment domains.

“Today, Amdocs is the leading SI for the communications industry providing business critical solutions for more than 350 service providers and 100s of media companies worldwide as well as managed operations for the industry’s largest players”, said Avi Kulshrestha, general manager and division president of Global Services at Amdocs. “Our deep and longstanding relationship with so many leading service providers places us in a strong position to help our customers accelerate their journey to the cloud.”

Amdocs is focusing its cloud services in four key areas:

-- Fast-tracking legacy business systems to the cloud, with a rich portfolio of cloud native applications for the consumer, enterprise, network and media domains -- Providing a broad set of tools and practices for continual integration and deployment of customer experience systems for agile development -- Upgrading service providers’ operations with tooling, automation and experienced engineers to provide the “Future Mode of Operation” -- By providing application tune-up for better cloud utilization and for cloud capacity optimization, Amdocs will deliver better utilization and cost points for cloud consumption based on tuned IP and financial operations technologies

“As service providers pursue digital transformation initiatives, evolving their existing architecture to support open, cloud-based services is critical to becoming a digital service provider and enabling superior digital experiences for their customers. There are several steps service providers must take along the journey to become a digital service provider,” said Curtis Price, Program VP of Infrastructure Services research at IDC. “Amdocs’ demonstrated approach to enabling service provider transformation, and its expertise in automating business processes produced a set of best practices to accelerate service provider migration into the cloud in a secure manner. Amdocs’ evolution to a full-service, communications systems integrator brings a comprehensive range of independent services – from journey design and technology consulting, through application and infra-modernization, to cloud migration and change management advisory services.”

These capabilities were planned for in-depth customer discussions at GSMA’s Mobile World Congress (MWC) 2020 in Barcelona and will now be taken on a road show to our customers’ offices around the world. They will also be highlighted at the Tele Management Forum’s Digital Transformation World in Copenhagen, Denmark (June 16-18, 2020) and other industry gatherings throughout the year.

Supporting Resources

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About Amdocs

Amdocs is a leading software and services provider to communications and media companies of all sizes, accelerating the industry’s dynamic and continuous digital transformation. With a rich set of innovative solutions, long-term business relationships with 350 communications and media providers, and technology and distribution ties to 600 content creators, Amdocs delivers business improvements to drive growth. Amdocs and its 25,000 employees serve customers in over 85 countries. Listed on the NASDAQ Global Select Market, Amdocs had revenue of $4.1 billion in fiscal 2019. 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, 2019 filed on December 16, 2019 and our quarterly 6-K form furnished on February 18, 2020.

Media Contacts: Linda Horiuchi Amdocs Public Relations Tel: +1-646-581-2568 E-mail: linda.horiuchi@amdocs.com

Emily Holt PAN Communications for Amdocs Email: Amdocs@pancomm.com Mobile: +1 617 502 4300