Sunday, June 19, 2005

Amdocs to Acquire Longshine, a Customer Care and Billing Provider in China

Amdocs plans to acquire Longshine Information Technology Company Ltd., a privately-held supplier of customer care and billing software in China, for approximately US $30 million in cash, with the possibility of additional cash consideration to be paid later based on the achievement of certain performance metrics. This acquisition expands Amdocs' global presence and marks its entry into mainland China.

Beijing-based Longshine has been providing billing, customer care, business intelligence and settlement systems, as well as associated integration and implementation services, since 1996. The company claims three out of China's four largest communications service providers among its customers. The company has close to 800 employees.

Separately, Amdocs and HP China announced a joint project to provide integrated billing for Beijing Mobile, a wireless operator in China. HP China will prime the project and work in conjunction with Amdocs to integrate Amdocs Billing 6 in order to support pre-and post-paid customers for voice, data, and advanced services. In addition, Amdocs Billing 6 will be fully integrated into BMCC's CRM systems.

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