Information Technology Services M&A » By The Online Investor Staff, updated Fri., Apr. 19, 9:08 AM
Recent mergers and acquisitions in the Information Technology Services M&A category.
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Slide #80. Amdocs — Actix
Acquirer:
Amdocs (NASDAQ:DOX)
Acquiree:
Actix
Details:
Amdocs (NYSE: DOX), the leading provider of customer experience systems and services, today announced it has entered into a definitive agreement to acquire privately-held Actix for approximately $120 million in cash, subject to customary closing conditions. This acquisition expands Amdocs' customer experience portfolio further into the network domain to manage customer experience across both networks and IT. The Boards of Directors of Actix and Amdocs have approved the transaction which, subject to the satisfaction of the conditions to closing, is expected to be completed by the end of September.
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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