Tuesday, August 16, 2011

Amdocs Completes Bridgewater Acquisition

Amdocs completed its previously announced acquisition of Bridgewater Systems for CAD$8.20 per share in cash, for about CAD$211 million, or CAD$139 million net of Bridgewater's cash, in aggregate.

Bridgewater Systems provides pre-integrated solutions for mobile and converged operators. Its portfolio includes Service Controller (AAA), Policy Controller (PCRF) and Home Subscriber Server (HSS), anchored by a common identity and device management system.

Amdocs offers business and operational support systems, service delivery platforms, and professional services for network operators. The company generated approximately $3.0 billion in revenue in fiscal 2010, Amdocs has over 19,000 employees and serves customers in more than 60 countries worldwide.

"This strategic acquisition will enable service providers to completely redefine the real-time data experience and maximize the return on their network investments," said Brian Shepherd, group president for Amdocs. "We are delighted to welcome Bridgewater's highly innovative, skilled professionals to Amdocs as we continue expanding our market-leading CES portfolio."

"Following this acquisition, service providers will be able to benefit from data experience solutions based on a pre-integrated combination of Amdocs' leading convergent charging technology and Bridgewater's advanced policy control capabilities that address the increase in demand for high-bandwidth services and the exponential growth of smartphones and other connected devices," said Ed Ogonek, President and CEO for Bridgewater.