Amdocs buys 3 digital tech cos for $260m

Eli Gelman

The Israeli business systems company has bought Israel's Pontis, Brite:Bill from Ireland and US co Vindicia - each for $85-90 million.

Israeli business systems provider Amdocs Ltd. (NYSE: DOX) has closed the acquisition of three privately owned companies - Israeli company Pontis, US company Vindicia and Irish company Brite:Bill. Each company was acquired for about $85-90 million for a total of $260 million.

Tel Aviv based Pontis is a leading provider of contextual digital engagement solutions. Pontiss real-time decisioning and learning technology enables service providers to offer their customers personalized contextual interactions relevant to where that individual customer is in their journey with the service provider. With Pontis, Amdocs can help service providers determine the next best action for customer engagement and then to offer the customer, across outbound and inbound channels, the most appropriate service at the right time and the right touch point. Pontis has raised $70 million to date so the exit has generated no major profit.

Vindicia is a market-leading provider of software-as-a-service (SaaS) subscription management and payment solutions. Vindicia makes it easy, flexible and frictionless for digital enterprises to onboard customers and process payments for digital content, over-the-top (OTT) entertainment, online subscriptions and on-demand services. Utilizing cloud-based operations for greater business agility, Vindicias ultra-fast time to market allows customers to easily experiment with various service offerings and pricing schemes to quickly introduce offers and attract new users. In addition, Vindicias advanced retention capabilities reduce user churn and increase top-line revenue for online service providers.

Brite:Bills design-led, user-experience experts turn the customer bill into a unique, customer-centric engagement channel. Brite:Bills technology and services transform invoices into a personalized, digital, interactive billing experience in the channel of the customers choice. The invoices customized and engaging design reduces customer confusion around the bill, thereby cutting service provider costs around inbound inquiries, and also provides an engagement opportunity for service providers to promote new services. The company was named a Cool Vendor by Gartner Inc. for 2014.

Amdocs CEO and president Eli Gelman said, Communication and media service providers, including those with over-the-top offerings, are transforming to capture the world of on-demand services and digital immediacy. When combined with business-driven analytics behind the scenes, this ensures a simplified, intuitive and engaging customer experience."

He added, These acquisitions, alongside Amdocs existing platforms which include multi-channel, digital care and commerce, customer management and big data analytics solutions, position Amdocs as the market leader to help communication and media providers on their journey. I am excited by these companies joining Amdocs, as their cloud-based technologies will augment Amdocs rich offering and shorten our time to market."

Published by Globes [online], Israel business news - www.globes-online.com - on September 14, 2016

Copyright of Globes Publisher Itonut (1983) Ltd. 2016

 
Eli Gelman
Eli Gelman
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