Globe Newswire 8-Nov-2018 4:05 PM
New agreement to add IoT offerings and expand existing convergence platform, Amdocs Converged Multiplay Solution, which has been credited for driving company growth
ST. LOUIS, Nov. 08, 2018 (GLOBE NEWSWIRE) -- Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today announced that True Corporation has extended its strategic convergence transformation engagement with Amdocs for ongoing development and support, until end of 2021. Key to this engagement will be the expansion of True's convergence platform with support for new IoT services. The engagement represents the next step in a transformation journey where Amdocs deployed its Converged Multiplay solution, to help drive True's impressive market growth.
The convergence platform allows True to quickly launch compelling offers, combining mobile, broadband and fixed-line, with pay TV and digital services and content. Now they will also be able to offer connected world IoT services for both enterprises and consumers, using multiple IoT devices with a single number.
"Our commitment to continuously improving customer experience, while delivering compelling offerings and digital services, has been consistently fueling our growth," said Dr. Viriya Upatising, Chief Information Officer, at True Corporation. "With the launch of IoT services we further enable our customers' digital lifestyle."
"The connected world is all about IoT and True is helping to lead the way with its successful roll out of these services for both enterprises and consumers," said Gary Miles chief marketing officer at Amdocs. "With the addition of IoT, which is heading for mass adoption in 2019, True will be able to offer their customers a complete connected world offering."
Amdocs is a leading software and services provider to communications and media companies of all sizes, accelerating the industry's dynamic and continuous digital transformation. With a rich set of innovative solutions, long-term business relationships with 350 communications and media providers, and technology and distribution ties to 600 content creators, Amdocs delivers business improvements to drive growth. Amdocs and its 25,000 employees serve customers in over 85 countries. Listed on the NASDAQ Global Select Market, Amdocs had revenue of $4.0 billion in fiscal 2018. For more information, visit Amdocs at www.amdocs.com.
Amdocs' Forward-Looking Statement
This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs' growth and business results in future quarters. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general economic conditions, Amdocs' ability to grow in the business markets that it serves, Amdocs' ability to successfully integrate acquired businesses, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, potential loss of a major customer, our ability to develop long-term relationships with our customers, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future; however, the Company specifically disclaims any obligation to do so. These and other risks are discussed at greater length in the Company's filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2017 filed on December 11, 2017 and our quarterly 6-K form furnished on February 12 and May 21, and August 13, 2018.
Shashi Shekhar Pandey
Amdocs Public Relations
Tel: +91 7838291362
Limited Time Offer:
Claim your free copy of income expert Bryan Perry's new report:
My Top Monthly Dividend Payer (8% Dividend Yield)
You'll also receive Bryan Perry's weekly e-letter, Dividend Investing Weekly, at no cost, along with other associated financial content and special offers.