Amdocs Buys Jacobs Rimell

Amdocs acquires Jacobs Rimell to expand leadership in customer experience systems for the broadband cable industry

April 8, 2008

1 Min Read

ST. LOUIS -- Amdocs (NYSE: DOX), Amdocs (NYSE: DOX), the leading provider of customer experience systems, today announced it has acquired Jacobs Rimell, Ltd. (Jacobs Rimell), a provider of fulfillment solutions for the broadband cable industry for approximately $45 million in cash, net of cash on hand, subject to post-closing adjustments. With this acquisition, Amdocs continues to execute on its strategy of being the leader in customer experience systems for the broadband cable industry and the OSS market.

The acquisition of Jacobs Rimell augments Amdocs' OSS offering, and builds on its past acquisitions of DST Innovis Inc. and Cramer Systems Group Ltd. Amdocs supports both business support systems (BSS) and OSS for the broadband cable industry and is now the only vendor to provide a complete order-to-cash solution spanning all customer experience systems. As a result, service providers can launch new converged services more quickly and cost effectively. Comcast is a current customer of Jacobs Rimell and Amdocs, and this acquisition will expand upon Amdocs' current relationship with this company.

"By adding this powerful application suite, Amdocs provides a comprehensive solution to enable broadband cable providers to automate high volume processes for 'right first time' service fulfillment for both consumers and businesses," said Eli Gelman, chief operating officer and executive vice president of Amdocs Management Limited. "Amdocs offers converging providers around the world an industry-leading BSS and OSS solution that integrates ordering, activation, fulfillment and billing to accelerate time to market for new services and enhance the customer experience."

Amdocs Ltd. (NYSE: DOX)

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