Amdocs is a multinational corporation headquartered in Chesterfield, Missouri, with support and development centers located worldwide. The company specializes in software and services for communications, media and financial services providers and digital enterprises. Its offerings include business support systems (BSS), operational support systems (OSS), open network solutions, Internet of Things, big data analytics and entertainment and media solutions. The company has a customer base of over 350 customers in more than 85 countries. Amdocs ordinary shares are listed on the NASDAQ Global Select Market under the symbol DOX and the company went public in 1998.
The company was founded in 1982 as an offshoot of Golden Pages, the Israeli phone directory company, which was owned by the Aurec Group headed by Morris Kahn. Together with others at Golden Pages, Kahn developed a billing software program for phone directory companies and with Boaz Dotan established a company called Aurec Information & Directory Systems to market this product. In 1985, Southwestern Bell Corporation acquired a 50 percent ownership share of Aurec Information & Directory Systems, and its name was changed to Amdocs. Within two years, the Aurec Group sold off all its holdings in Amdocs for almost US$1 billion.
Between 1990 and 1995 Amdocs took its initial diversification steps, expanding first into the wireline telephony arena and then the mobile space. Over the years, Amdocs has continued to expand its product and services offerings, both organically and through a series of acquisitions, including ITDS, Clarify, DST INNOVIS, Cramer, Actix, Celcite, Utiba, Comverse BSS assets, Vindicia, Brite:Bill and Pontis. The company went public on the New York Stock Exchange in June 1998, moving to the NASDAQ Global Select Market in 2014.
CEO Timeline
In 1982, Boaz Dotan became Amdocs' first President and CEOIn 1995, Avi Naor replaced Boaz Dotan as President and CEO of AmdocsIn 2002, Dov Baharav replaced Avi Naor as Amdocs' President and CEO.In November 2010, Eli Gelman replaced Dov Baharav as Amdocs' President and CEO.On 6 April 2000, Amdocs acquired all the outstanding stock and options of Solect Technology Group, a developer of billing and administrative software for Internet service providers and wireless telephone service carriers.In November 2001, Amdocs purchased the Clarify CRM system from Nortel Networks.On 19 February 2004, Amdocs purchased XACCT, a provider of mediation software to Communications Services Providers, for $29.5 Million.In July 2005, Amdocs purchased DST Innovis from DST Systems, a vendor providing end-to-end customer care and billing for broadband, cable, and satellite operators.In April 2006, Amdocs purchased Qpass a Seattle-based company with an Austrian subsidiary that provides "solutions" for the marketing and merchandising of digital goods and services. The acquisition cost Amdocs a reported US $275 million.In May 2006, Amdocs purchased Stibo Graphic Software a Danish software company previously owned by The Stibo Group.In August 2006, Amdocs purchased Cramer Systems, a Bath, UK based company that provides OSS (Operations Support Systems) "solutions" to telecom operators. The acquisition was reported at US $375 million. This allowed Amdocs to become one of very few companies claiming to offer a complete BSS/OSS product suite. Cramer Systems, combined with existing Amdocs OSS software groups, is now the OSS Division.In February 2007, Amdocs purchased SigValue Technologies, an Israel-based vendor of prepaid billing systems for mobile operators in emerging markets.In April 2008, Amdocs purchased JacobsRimell, the UK based provider of "user-centric service fulfillment solutions" in cable IP provisioning. The APS (Adapative Provisioning System) product will be part of Amdocs OSS product offerings.In November 2008, Amdocs acquired ChangingWorlds of Ireland.In October 2009, Amdocs acquired jNetX based in Russia.In March 2010, Amdocs acquired MX Telecom, a leading mobile payments and messaging aggregator, for at US $104 million in cash, net of debt and cash. MX Telecom will be part of Amdocs' OpenMarket business to provide a hosted platform to extend mobile payments and messaging capabilities.In May 2010, Amdocs acquired the French company Streamezzo (www.streamezzo.com), a leading provider of an SDK and a run-time for portable rich application development and execution across multi-models, multi-OS mobile terminals.In August 2011, Amdocs acquired the Canadian firm Bridgewater Systems for US $215 million. The deal offered a 30% premium on the Value Bridgewater's stock before the deal was announced.In 2013, Amdocs acquired Actix and Celcite, and entered the network optimization services market. In January 2014, Amdocs announced a number of customer wins for mobile network optimization capabilities resulting from its recent acquisitions.In 2015, Amdocs acquired Comverse's billing business for US $272 million.In 2016, Amdocs acquired cVidya, a developer of big data analytics solutions to communications and digital service providers, including Revenue Assurance, Fraud Management, Marketing Analytics and Data Monetization solutions.On 14 September 2016, Amdocs acquired Vindicia, Brite:Bill, Pontis.
