Amdocs

#1368

Rank

$11.67B

MarketCap US

US United States

Country

Summary
Amdocs Limited, through its subsidiaries, provides software and services worldwide. The company designs, develops, operates, implements, supports, and markets open and modular cloud portfolio. It provides CES21, a 5G and cloud-native microservices-based market-leading customer experience suite, that enables service providers to build, deliver, and monetize advanced services; the Commerce and Care suite for order capture, handling, and customer engagement; the Monetization suite for charging, billing, policy, and revenue management; Intelligent Networking suite with a set of modular, flexible, and open service lifecycle management capabilities for network automation journeys; MarketONE, a cloud-native business ecosystem; Digital Brands Suite, a pre-integrated digital business suite for digital telecom brands and small-scale service providers; and eSIM Cloud for service providers. It also offers AI-powered, cloud-native, and home operating systems; data intelligence solutions and applications; media services for media publishers, TV networks, and video streaming and service providers; end-to-end application development and maintenance services; and ongoing services. In addition, the company provides a line of services designed for various stages of a service provider's lifecycle includes design, delivery, quality engineering, operations, systems integration, mobile network services, consulting, and content services; managed services comprising application development, modernization and maintenance, IT and infrastructure services, testing and professional services that are designed to assist customers in the selection, implementation, operation, management, and maintenance of IT systems. It serves to the communications, cable and satellite, entertainment, and media industry service providers, as well as mobile virtual network operators and directory publishers. Amdocs Limited was founded in 1988 and is headquartered in Saint Louis, Missouri.

History

The company was founded in 1982 in Israel as an offshoot of Golden Pages, the Israeli phone directory company, which was owned by the Aurec Group headed by Morris Kahn. In 1982, Boaz Dotan became Amdocs' first President and CEO. 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. In 1995, Avi Naor replaced Boaz Dotan as president and CEO of Amdocs.

The company went public on the New York Stock Exchange in June 1998, moving to the NASDAQ Global Select Market in 2014.Amdocs entered the managed services space in 1999 with the acquisition of ITDS.Amdocs acquired software firm Clarify in 2001 for $200 million. In 2002, Dov Baharav replaced Avi Naor as Amdocs' President and CEO.In 2005, Amdocs acquired billing and CRM provider DST Innovis for $238 million. In 2006, Amdocs acquired Cramer Systems.Amdocs acquired Israeli startup SigValue in 2007 for $85 million. In 2008, Amdocs acquired Irish software company Changing Worlds for $60 million.In November 2010, Eli Gelman replaced Dov Baharav as Amdocs' President and CEO. Also in 2010, Amdocs acquired MX Telecom for $104 million.In 2011, Amdocs acquired Bridgewater Systems. The company acquired Celcite in 2013 for $129 million. Also in 2013, Amdocs acquired Actix.In 2015, Amdocs acquired a majority of Comverse BSS for $272 million.In 2016, a subsidiary of Amdocs was created, named "Vector Creations Limited", which employed the team working on the Matrix protocol and software. Funding by Amdocs was announced to be cut in July 2017, leading to the Matrix core team creating their own UK-based company, "New Vector Limited".In September 2016, Amdocs acquired Silicon Valley based Vindicia, Tel Aviv-based company Pontis, and Irish software company Brite:Bill.In late 2017, Amdocs acquired Kenzan Media. In 2018, Amdocs acquired projekt202.In 2018, Amdocs acquired Vubiquity for $224 million. Following the acquisition, former Vubiquity CEO Darcy Antonellis became head of Amdocs Media Division. Also in 2018, Amdocs acquired Canadian company UXP Systems.In October 2018, Shuky Sheffer replaced Eli Gelman as Amdocs' President and CEO.

In January 2020, Amdocs donated resources including food packs to Globe Telecom as part of aid operations for Filipino communities affected by the eruption of Taal volcano. These donations came as part of Amdocs Corporate Social Responsibility program.In July 2020, Amdocs acquired Openet Telecom Inc., a provider of 5G charging, policy and cloud technologies.On 5 August 2020, Amdocs reported that Orange Liberia has collaborated with Amdocs to update its end-to-end digital enabling infrastructure.On 8 March 2021, Amdocs Media’s Vindicia and Vimeo extended long-term engagement to enable Vimeo’s global SaaS video platform.In 2021, Vibiquity announced it renewed its agreement with izzi, a cable tv operator in Mexico.In May 2022, Amdocs announced it has acquired the UK-headquartered SaaS-based cloud network and service assurance solutions for communications service providers, MYCOM OSI for US$188 million.


Mission
To encapsulate these ambitions, we have a strong Corporate Social Responsibility (CSR) vision and mission that guides all our activities.

Vision
Amdocs is a leading software and services provider to communications and media companies of all sizes, accelerating the industry s dynamic and continuous digital transformation. With a rich set of innovative solutions, long-term business relationships with 350 communications and media providers, and technology and distribution ties to 600 content creators, Amdocs delivers business improvements to drive growth. Amdocs and its 25,000 employees serve customers in over 85 countries. Listed on the NASDAQ Global Select Market, Amdocs had revenue of $4.0 billion in fiscal 2019.

Key Team

Mr. Oren Marmur (Head of NFV - Amdocs Open Network)

Mr. Matthew E. Smith (Sec. & Head of Investor Relations)

Mr. Gary Miles (Chief Marketing Officer)

Darcy Antonellis (Head of Amdocs Media)

Idit Duvdevany Aronsohn (Head of Corp. Responsibility, Inclusion & Wellbeing)

Mr. Rajat Raheja (Division Pres of Amdocs Devel. Centre India LLP)


Recognition and Awards
{'Name': "Fast Company's Most Innovative Companies", 'Year': 2019}, {'Name': 'Silicon Review 50 Most Trustworthy Companies of the Year', 'Year': 2018}

References
Amdocs
Leadership team

Mr. Joshua Sheffer (Pres, CEO & Director)

Ms. Tamar Rapaport-Dagim (CFO & COO)

Anthony Goonetilleke (Group Pres of Technology & Head of Strategy)

Products/ Services
Big Data, CRM, Customer Service, Outsourcing, Software, Telecommunications
Number of Employees
20,000 - 50,000
Headquarters
Chesterfield, Missouri, United States
Established
1982
Company Registration
SEC CIK number: 0001062579
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
DOX
Social Media
Sat Feb 24 2024
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