Amdocs, a leading provider of software and services to communications and media companies, announced that it has completed its acquisition of TEOCO’s service assurance business. This acquisition will enable Amdocs to provide service providers with a unique end-to-end service orchestration offering, assuring the quality of service and enabling the monetization of next generation dynamic customer experiences.
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“We are delighted to welcome TEOCO’s world-class service assurance team and customers to Amdocs and look forward to accelerating the execution of our network strategy by providing service providers with a holistic end-to-end service orchestration offering,” said Anthony Goonetilleke, Group President of Technology and Head of Strategy at Amdocs. “TEOCO’s proven service assurance suite – including their fault, performance and service management capabilities – is a key complementary enhancement to our next generation OSS portfolio. Its seamless integration into our offerings will equip our customers with a full, end-to-end network view and help them predict, detect and resolve service and network quality issues quickly and efficiently.”
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As previously indicated, the impact of the acquisition on Amdocs’ GAAP diluted EPS will not be known until after Amdocs completes the purchase price allocation. The impact of the acquisition on Amdocs’ non-GAAP diluted earnings per share is expected to be neutral in the full fiscal years 2023 and 2024. Non-GAAP diluted earnings per share excludes amortization of purchased intangible assets and other acquisition-related costs, changes in certain acquisitions related liabilities measured at fair value, restructuring charges, equity-based compensation expenses and other, net of related tax effects.
CIO INFLUENCE News: Amdocs to Acquire Service Assurance Business of TEOCO to Assure and Enable Monetization of Next Generation Dynamic Customer Experiences
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