Amdocs agreed to acquire SigValue Technologies, a provider of a light-weight billing, customer care, and service control platform designed for service providers, for about $54 million in cash. Amdocs currently owns 14% of SigValue's outstanding capital stock.
SigValue's platform is aimed at service providers in emerging markets, such as Eastern Europe, Africa, Latin America and Asia, where the telecommunications customer base is predominantly composed of mobile pre-paid subscribers.
SigValue's platform provides the basic functions required for billing and customer care with a service control function. It supports multiple networks, multiple services and all lines of business.
"The regions referred to as "emerging markets" are the fastest-growing in telecom, and Amdocs has already enjoyed success in the more economically developed portions of these regions - including Moscow, Russia and Beijing, China, among others," said Patrick McGrory, Network Business Unit president, Amdocs.
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http://www.amdocs.com
http://www.sigvalue.com
- SigValue is a private company founded in April 2000, has approximately 75 employees and is based in Hod-Hasharon, Israel. SigValue's venture capital investors include AIG Orion Fund L.P. and Holland Ventures.
- In July 2006, Amdocs agreed to acquire Cramer Systems, a supplier of operations support systems (OSS) solutions, for approximately $375 million in cash.
- In April 2006, Amdocs agreed to acquire Qpass, a leading provider of digital commerce software and solutions, for approximately $275 million in cash. Qpass can act as a channel between the content provider and the service provider, helping to determine how to offer, manage, charge, and fulfill for the service. It plays a key role in enabling the value chain and monetizing digital content.
