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Amdocs Acquires Cramer

OSS vendor Amdocs to acquire Cramer Systems for $375M in cash

July 19, 2006

1 Min Read

ST. LOUIS -- Amdocs (NYSE: DOX), the leading provider of software and services to enable integrated customer management and the intentional customer experienceTM, today announced it signed an agreement to acquire Cramer Systems Group Ltd. ("Cramer"), a leading provider of operations support systems (OSS) solutions. Under the terms of the agreement, Amdocs will acquire all of Cramer's shares of capital stock for approximately $375 million in cash, net of cash on hand, subject to post-closing adjustments. Cramer is a growing company with more than 80 customers worldwide.

With the acquisition, Amdocs plans to expand its service management and OSS offerings and expects to become a leader in OSS, uniquely able to support large-scale OSS transformation projects. The OSS domain is typically defined as network-facing applications supporting key service fulfillment and service assurance business processes. Cramer has a proven and tested OSS product portfolio, which includes leading products in network resource management (NRM), activation and auto discovery.

"With a quality company like Cramer, Amdocs expects to be well positioned to capitalize on the growth opportunity that OSS represents," said Dov Baharav, chief executive officer of Amdocs Management Limited. "Together, we intend to deliver a complete automated service fulfilment solution across all lines of business - for any service, on any network - linking order management at the customer layer with activation at the network layer."

Amdocs Ltd. (NYSE: DOX)

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