Information Technology Services M&A » By The Online Investor Staff, updated Thu., Apr. 18, 2:54 AM
Recent mergers and acquisitions in the Information Technology Services M&A category.
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Slide #55. Amdocs — Celcite
Acquirer:
Amdocs (NASDAQ:DOX)
Acquiree:
Celcite
Details:
Amdocs (NYSE: DOX), the leading provider of customer experience systems and services, today announced it has entered into a definitive agreement to acquire substantially all the assets of Celcite Management Solutions LLC, for approximately $129 million in cash, subject to customary closing conditions. Additional consideration may be paid later based on the achievement of certain performance metrics. This acquisition expands the Amdocs customer experience portfolio further into the network software domain to manage customer experience across both networks and IT. The transaction is expected to close late in Amdocs' current first fiscal quarter or at the beginning of the second fiscal quarter.
Amdocs is a holding company. Through its subsidiaries, Co. provides software and services for communications, Pay TV, entertainment and media industry and other service providers. Co.'s offerings are based on a product and services mix, using technologies and methodologies such as cloud and cloud native, microservices, DevSecOps, low-/no-code, edge computing, open source, bimodal operations, Site Reliability Engineering and automation through standard information technology tools, open APIs and machine learning and artificial intelligence. Co. has released Amdocs CES22, a 5G and cloud-native, microservices-based version of its customer experience suite.
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