Billing software developer Amdocs Ltd. (NYSE: DOX) has signed a six-year agreement with Finland-based telecommunications company Elisa Corporation (HEL: Elisa A).
The project is estimated to be worth tens of millions of dollars.
Amdocs has been supplying billing, ordering, and customer relationship management (CRM) software to Elisa since 2007. The current deal expands the relationship, and under the managed services and billing consolidation agreement, Amdocs will now assume responsibility for day-to-day management and maintenance of the software deployed to support Elisa's wireless operations.
In addition, Amdocs will consolidate Elisa's eight legacy wireless, wireline, Internet, and cable billing systems to establish a single, convergent billing system.
Amdocs VP marketing Dana Porter told "Globes" today, "The deal with Elisa represents two main trends among communications operators: outsourcing in order to raise efficiency, and a trend of consolidating various enterprise billing systems, in order to synchronize them and improve the customer's experience."
Shares in Amdocs were little changed by mid-afternoon in New York, trading at $20.64, which gave a market cap of $4.21 billion.
Published by Globes [online], Israel business news - www.globes-online.com - on June 22, 2009
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