Telephone billing giant Amdocs is buying U.S.-based mobile network optimization software provider Actix for $120 million in cash.
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The strategic acquisition, to be finalized over the next few days, will improve the portfolio of products offered by Amdocs in the mobile field, giving the company the ability to provide customers with business operations software for measuring customer satisfaction based on information supported by geographic network data.
Amdocs doesn’t expect any significant effect on adjusted net earnings in 2013 and 2014. The effect on its non-adjusted net income won’t be known until the transaction is complete.
Actix was founded in 1991 and is one of the world's largest optimization software suppliers for cellular companies, with 350 clients around the globe.
“Amdocs will continue paving the way for innovation in customer experience by means of this purchase,” said Amdocs VP-marketing Rebecca Prudhomme.
"The blending of the two companies' products operating in the field of communications and information technology will allow us to position ourselves as a leading supplier of solutions that aren't dependent on vendors," added Actix chief executive Bill McHale.