Amdocs buys privately-held jNetX

The two companies share a number of top tier customers.

Amdocs Ltd. (NYSE: DOX) has reached into its $1.3 cash stockpile and bought privately-held jNetX for $50 million.

jNetX is a service delivery platform (SDP) provider.

In addition to product synergies, Amdocs and jNetX share a number of top tier customers, including Vodafone Group, British Telecom and Mobilkom.

Amdocs does not expect a material impact from the acquisition of jNetX on fiscal year 2010 non-GAAP earnings per share.

Amdocs shares closed at $25.25 yesterday, reflecting a market cap of $5.15 billion.

Published by Globes [online], Israel business news - www.globes-online.com - on October 27, 2009

© Copyright of Globes Publisher Itonut (1983) Ltd. 2009

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018