ST. LOUIS -- Amdocs (NYSE: DOX), the leading provider of software and services to enable integrated customer management and the intentional customer experience(TM), today announced it has signed an agreement to acquire SigValue Technologies, Inc. (SigValue), a provider of an integrated billing, customer care, and service control platform designed for service providers in high-growth emerging markets around the world. Amdocs currently owns 14% of SigValue's outstanding capital stock. Under the terms of the agreement, Amdocs will acquire all of SigValue's remaining share capital for approximately $54 million in cash, net of cash on hand.

SigValue's platform is aimed at service providers in emerging markets, such as Eastern Europe, Africa, Latin America and Asia, where the telecommunications customer base is predominantly composed of mobile pre-paid subscribers. SigValue's platform addresses the needs of this customer base, combining the basic functions required for billing and customer care with a service control function, offering a single system that supports multiple networks, multiple services and all lines of business.

"The regions referred to as "emerging markets" are the fastest-growing in telecom, and Amdocs has already enjoyed success in the more economically developed portions of these regions - including Moscow, Russia and Beijing, China, among others," said Patrick McGrory, Network Business Unit president, Amdocs. "Our experience in these markets has proven that with economic development fostered in part by the penetration of mobile communication services, service provider requirements also develop. With SigValue, we believe Amdocs will be able to address the needs of these service providers, and evolve with them as their respective markets and needs evolve." Added McGrory, "Amdocs' unparalleled expertise and experience in telecommunications, combined with SigValue's light-weight technology and its sales channels, will enable Amdocs' success in these markets."

"Pre-paid subscribers represent the majority of customers in the emerging markets, which are also characterized by relatively low levels of average revenue per user," said Adam Feit, chief executive officer of SigValue. "We believe SigValue's light-weight, tightly-packaged, high-performance software platform will help Amdocs enable service providers in emerging markets to keep costs of operations low, while supporting rapid growth."

Amdocs Ltd.