Amdocs Named BSS Vendor of the Year in Asia Pacific by Frost & Sullivan for Second Consecutive Year
Award recognizes outstanding business performance spanning revenue growth, portfolio diversity and product innovation
ST. LOUIS (June 21, 2011) – Amdocs (NYSE: DOX), the leading provider of customer experience systems, today announced that top analyst firm Frost & Sullivan has selected Amdocs as Telecom BSS (business support systems) Vendor of the Year, as part of its 2011 Asia Pacific ICT (Information and Communications Technology) Awards.
The Telecom BSS Vendor of the Year award recognizes exceptional business performance in 2010, with key criteria being revenue growth, portfolio diversity and product innovation. It is determined by a panel of judges comprised of senior industry executives and Frost & Sullivan analysts.
“We are proud to grant Amdocs this award for its achievements in meeting the highly diverse needs of the Asia Pacific region, which spans multiple markets in different stages of maturity,” said Nitin Bhat, partner and senior vice president at Frost & Sullivan. “Amdocs’ global best practices and wide portfolio of BSS products and professional services are enabling local service providers to grow revenues by enhancing the customer experience they offer their subscribers, while reducing operational costs.”
“Service providers in Asia Pacific face heightened competition and rapidly growing subscriber counts. To capture market share, they are racing to expand into new geographic territories and differentiate with new 3G and 4G offerings,” said Brian Shepherd, Amdocs group president and head of Global Marketing. “We are seeing a growing adoption of Amdocs’ BSS offerings, especially converged prepaid and postpaid billing in a managed services framework. Projects are targeted to support large-scale operations in the region, as providers look to innovate and cost-efficiently monetize the massive rise in data consumption.”
Amdocs has been operating in Asia Pacific for more than 12 years and is hosting its annual customer and partner event – Amdocs Asia Pacific InTouch Business Forum – this week in Singapore. Amdocs BSS customers in the region include VTN in Vietnam, Globe Philippines, China Mobile and True Corporation.
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About Amdocs
Amdocs is the market leader in customer experience systems innovation. The company combines business and operational support systems, service delivery platforms, proven services, and deep industry expertise to enable service providers and their customers to do more in the connected world. Amdocs’ offerings help service providers explore new business models, differentiate through personalized customer experiences, and streamline operations. A global company with revenue of approximately $3.0 billion in fiscal 2010, Amdocs has over 19,000 employees and serves customers in more than 60 countries worldwide. For more information, visit Amdocs at www.amdocs.com.
Amdocs’ Forward-Looking Statement
This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs’ growth and business results in future quarters. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general economic conditions, Amdocs’ ability to grow in the business segments it serves, adverse effects of market competition, rapid technological shifts that may render the Company’s products and services obsolete, potential loss of a major customer, our ability to develop long-term relationships with our customers, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future, however the Company specifically disclaims any obligation to do so. These and other risks are discussed at greater length in the Company’s filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2010, filed on December 7, 2010 and our quarterly 6-K filed forms furnished on February 8 and May 11, 2011.
Source: Amdocs
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