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Amdocs Supports Capita Business Services Ltd. in Building-on the Successful Congestion Charge Program and Roll Out for Transport for London's Ultra-Low Emission Zone (ULEZ)
Globe Newswire 14-May-2019 4:05 PM
ST. LOUIS, May 14, 2019 (GLOBE NEWSWIRE) -- Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today revealed that it has extended its partnership with Capita Business Services, a leading provider of technology enabled business services, to deliver significant elements of the technology, testing and professional services that supported the rollout of Transport for London's new Ultra-Low Emission Zone (ULEZ) regulations and standards, which launched on April 8th 2019. The ULEZ replaces the existing emissions surcharge (the ‘T-charge'), so that vehicles travelling in central London will now have to meet new, tighter emissions standards, or pay a daily charge.
Ian Roberts, Commercial Director at Capita Business Services, said that "We have been working with Amdocs supporting Transport for London's congestion charging and low emissions initiatives for a number of years; Amdocs' technology and delivery pedigree made them an ideal fit for a project of this scale and importance. Transport for London's new ULEZ systems and business processes are a major step towards London's aims of becoming a zero-carbon city."
Amdocs worked alongside Capita to provide key digital business systems and automation technology to enable Transport for London to charge highly polluting vehicles for entering specific zones within the city, encouraging the use of cleaner cars, improving the UK capital's air quality, and creating the world's largest ULEZ.
Gary Miles, chief marketing officer, at Amdocs, said that "In highly populated urban areas, vehicle pollution is a serious health issue. The ability to leverage technology to implement and enforce new rules and regulations will be key to addressing this. We are delighted to have the opportunity to work alongside Capita on this ambitious and significant project for Transport for London, in an expansion on our first major deployment in the transport sector."
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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, 2018 filed on December 10, 2018 and our quarterly 6-K form furnished on February 19, 2019.
