SingTel, Amdocs open joint development center in Israel
Development center in Israel to focus on voice and facial recognition technology.
Singapore Telecommunications and the Israeli software house Amdocs have opened a development center in Israel. The move is part of SingTel's investment in new technology.
SingTel said the center's initial focus will be on voice and facial recognition as well as systems that enable mobile and Wi-Fi networks to work more efficiently.
"More and more mobile customers are using mobile devices for more than just communications," said Allen Lew, chief executive of SingTel's digital life group. "In our business it's not enough to be up to date, we have to be up to tomorrow."
This will be SingTel's third so-called "LifeLabs" in addition to similar centers in Singapore and Boston.
Lew said SingTel has a corporate venture fund of S$200 million ($161 million) and part of this will be dedicated to Israel. The Singaporean company means to invest in Israeli start-ups, to fund academic and research institutes, and to collaborate with incubators and angel investors to find interesting technologies. SingTel has already invested in two Israeli start-ups, last year acquiring the mobile advertising company Amobee, which has a technology center in Israel.
Eli Gelman, CEO of Amdocs, said the new center would help Israeli technology to reach the Asian market.