Amdocs Limited (NYSE: DOX) will acquire XACCT's outstanding shares for approximately $29.5 million, subject to certain adjustments, of which approximately $13.5 million will be paid in cash and the balance in Amdocs ordinary shares. This acquisition further expands the scope of Amdocs billing capabilities in the network mediation space providing the unique capability for supporting end-to-end event processing for voice, data, content and commerce prepaid and postpaid transactions.
"The acquisition of XACCT will expand our current offerings and market presence in mobile, wireline, and cable segments," said Eli Gelman, EVP of Amdocs Management Limited. "We know the XACCT platform well and we are confident that it will complement our unique ability to facilitate rapid time to market of voice, data, content and commerce services, enabling CSPs to seamlessly link their networks with their customers, achieving stronger, more profitable customer relationships."
"We are excited that Amdocs has decided to acquire XACCT," said Eric Gries, president & CEO of XACCT Technologies. "The combination of best-in- class mediation and billing and CRM products will ensure that our customers continue to sustain their competitive advantage in the market."
Amdocs expects to incur a one-time acquisition related charge in its second quarter ending March 31, 2004 to account for certain costs relating to the acquisition, primarily the write off of purchased in process research and development.
Published by Globes [online] - www.globes.co.il - on December 22, 2003