Amdocs

Amdocs (Hebrew: אמדוקס) is a multinational corporation that was founded in Israel and currently headquartered in Chesterfield, Missouri, with support and development centers located worldwide. The company specializes in software and services for communications, media and financial services providers and digital enterprises.

amdocs
Traded asNASDAQ: DOX
Russell 1000 Component
ISINGB0022569080 
Industrycommunication 
PredecessorSigvalue 
FoundedAurec Information & Directory Systems (today known as Amdocs), Israel (1982)[1]
FounderMorris Kahn, Boaz Dotan
Headquarters
RevenueUSD$4.1 billion (2019)[2]
USD$479 million (2019)[2]
Total assets USD$5.29 billion (2019)[2]
Number of employees
25,000+
Websitewww.amdocs.com

History

The company was founded in 1982 in Israel as an offshoot of Golden Pages, the Israeli phone directory company, which was owned by the Aurec Group headed by Morris Kahn.[3] In 1982, Boaz Dotan became Amdocs' first President and CEO. Together with others at Golden Pages, Kahn developed a billing software program for phone directory companies and with Boaz Dotan established a company called Aurec Information & Directory Systems to market this product.[4][5]

In 1985, Southwestern Bell Corporation acquired a 50 percent ownership share of Aurec Information & Directory Systems, and its name was changed to Amdocs. Within two years, the Aurec Group sold off all its holdings in Amdocs for almost US$1 billion.[4]

Between 1990 and 1995 Amdocs took its initial diversification steps, expanding first into the wireline telephony arena and then the mobile space. Over the years, Amdocs has continued to expand its product and services offerings. The company went public on the New York Stock Exchange in June 1998, moving to the NASDAQ Global Select Market in 2014.[4] In 1995, Avi Naor replaced Boaz Dotan as President and CEO of Amdocs.

Amdocs entered the managed services space in 1999 with the acquisition of ITDS.[6]

Amdocs acquired software firm Clarify in 2001 for $200 million.[7] In 2002, Dov Baharav replaced Avi Naor as Amdocs' President and CEO.[8]

In 2005, Amdocs acquired billing and CRM provider DST Innovis for $238 million.[9] In 2006, Amdocs acquired Cramer Systems.[10]

Amdocs acquired Israeli startup SigValue in 2007 for $85 million.[11] In 2008, Amdocs acquired Irish software company Changing Worlds for $60 million.[12]

In November 2010, Eli Gelman replaced Dov Baharav as Amdocs' President and CEO.[13] Also in 2010, Amdocs acquired MX Telecom for $104 million.[14] Also in 2013, Amdocs acquired Actix.[15]

In 2015, Amdocs acquired a majority of Comverse BSS for $272 million.[16] In 2016, Amdocs acquired Vindicia.[17] Also in 2016, Amdocs acquired Tel Aviv-based company Pontis.[18]

On September 7, 2016 Amdocs launched Amdocs Optima, a new division geared towards providing its customer care solution for digital enterprises with less than 10 million subscribers and MVNOs/MVNEs.[19] Later that month, Amdocs acquired Irish software company Brite:Bill.[20]

In late 2017, Amdocs acquired Kenzan Media.[21] In 2018, Amdocs acquired projekt202.[22] Also in 2018, Amdocs acquired Canadian company UXP Systems.[23]

In October 2018, Shuky Sheffer replaced Eli Gelman as Amdocs' President and CEO.

In August 2019, Amdocs acquired TTS, a privately-owned provider of mobile network engineering services, to further expand its 5G capabilities.[24] The acquisition was valued at $50 million.[25] Also in August 2019, Amdocs and Microsoft Azure partnered with SES Networks for satellite deployment. Amdocs had previously developed LF Networking's Open Network Automation Platform.[26] Later that month, Charter and Comcast selected Amdocs to provide mobile service support.[27]

In November 2019, AT&T extended its partnership with Amdocs, aiming to upgrade AT&T's digital support business as well as implementing DevOps.[28]

In January 2020, Amdocs donated resources including food packs to Globe Telecom as part of aid operations for Filipino communities affected by the eruption of Taal volcano.[29] These donations came as part of Amdocs Corporate Social Responsibility program.[29]

Controversy

Amdocs' broad access to U.S. telephone transaction records has raised counterintelligence concerns in the U.S. government about the vulnerability of this information to exploitation by Israeli spies.[30][31][32] "As early as 1999, the National Security Agency issued a warning that records of U.S. government telephone calls were ending up in foreign hands – Israel's, in particular."[33]

In early 2000, federal agencies conducted a counterintelligence investigation to determine if Amdocs was being used by Israel to eavesdrop on U.S. government communications. The investigation found no evidence of such activity.[34]

See also

References

  1. "Amdocs Website". Amdocs.com. Retrieved 26 January 2013.
  2. "Amdocs Limited (DOX)". Yahoo Finance. Yahoo. Retrieved 29 April 2020.
  3. "#937 Morris Kahn". Forbes.com. 12 February 2010. Retrieved 26 January 2013.
  4. Georgi, Anat; Grimland, Guy (9 May 2011). "Confessions of a 'start-up junkie'". Haaretz. Retrieved 12 May 2011.
  5. "AIG's Joint Venture Insurance Company In Israel Receives License To Market Life Insurance". 9 June 1999.
  6. Gregson, Reily (13 September 1999). "AMDOCS TO BUY ITDS". RCR Wireless. RCR Wireless. Retrieved 29 April 2020.
  7. "Nortel sells Clarify for $200 million US to Amdocs". CBC. CBC. 2 October 2001. Retrieved 29 April 2020.
  8. "Dov Baharav to Succeed Avi Naor as President and CEO of Amdocs Management Limited - Eff. Oct 1, 2002; Naor to Become Vice Chairman of the Board", Business Wire, 13 March 2002
  9. "DST Innovis sells for $238 million". Biz Journals. Biz Journals. 5 July 2005. Retrieved 29 April 2020.
  10. Willing, Nicole (19 July 2006). "Amdocs Snaps Up Cramer". Light Reading. Light Reading. Retrieved 29 April 2020.
  11. "Amdocs to buy Israel's SigValue for $85 mln-report". Reuters. Reuters. 21 January 2007. Retrieved 29 April 2020.
  12. Collins, John (6 November 2008). "Amdocs acquires Irish software firm for €46.2m". The Irish Times. The Irish Times. Retrieved 29 April 2020.
  13. Baumer, Lilach (8 January 2018). "Amdocs CEO Eli Gelman to Step Down Effective October 2018". Calcalist. Calcalist. Retrieved 29 April 2020.
  14. "Amdocs acquires MX Telecom, a mobile payment provider". Mobile World Live. Mobile World Live. 24 March 2010. Retrieved 29 April 2020.
  15. Parker, Tammy (9 February 2014). "Amdocs' new SON solution leverages expertise from Actix, Celcite". Fierce Wireless. Fierce Wireless. Retrieved 29 April 2020.
  16. Bicheno, Scott (30 April 2015). "Amdocs acquires Comverse BSS business for $272m". Telecoms. Telecoms. Retrieved 28 April 2020.
  17. "Vindicia acquired by Amdocs". Crunchbase. Crunchbase. 14 September 2016. Retrieved 28 April 2020.
  18. "Amdocs buys 3 digital tech cos for $260m". Globes. Globes. 14 September 2016. Retrieved 28 April 2020.
  19. "Amdocs Introduces Amdocs Optima, Expanding its Value Proposition to Midsized Communication Businesses and Digital Enterprises". www.amdocs.com. Retrieved 7 September 2016.
  20. Taylor, Charlie (14 September 2016). "Dublin software firm Brite:Bill acquired by AmDocs". The Irish Times. The Irish Times. Retrieved 28 April 2020.
  21. Habib-Valdhorn, Shiri (13 December 2017). "Over 40% of Amdocs employees are in India". Globes. Globes. Retrieved 28 April 2020.
  22. Womack, Brian (14 January 2019). "DFW tech company pursues more acquisitions under new owner, adds workers". Biz Journals. Biz Journals. Retrieved 28 April 2020.
  23. Habib-Valdhorn, Shiri (13 May 2018). "Amdocs beats forecasts, acquires Canadian company". Globes. Globes. Retrieved 28 April 2020.
  24. "Amdocs Acquires TTS Wireless to further Expand 5G Capabilities". GlobeNewswire News Room. 7 August 2019. Retrieved 24 February 2020.
  25. Alleven, Monica (20 September 2019). "Amdocs reveals why it got into the SAS business". FierceWireless. Retrieved 24 February 2020.
  26. Robuck, Mike (5 August 2019). "ONAP reaches to the sky with satellite deployment by SES Networks". Fierce Telecom. Fierce Telecom. Retrieved 28 April 2020.
  27. Fletcher, Bevin (7 August 2019). "Charter, Comcast tap Amdocs for backend mobile service support". Fierce Wireless. Fierce Wireless. Retrieved 28 April 2020.
  28. "AT&T Enters Into Agreement With Amdocs for Digital Upgrade". Yahoo Finance. Yahoo. 13 November 2019. Retrieved 28 April 2020.
  29. "Amdocs donates food packs to Globe's Taal relief operations". Inquirer.net. Inquirer.net. 28 January 2020. Retrieved 28 April 2020.
  30. "Fox News Series On Israeli Spying In America". www.rense.com. Retrieved 25 June 2017.
  31. NoTimeToStray (28 February 2013), The Notorious Banned FOX 9-11-2001 News Footage Israeli/Mossad Links, retrieved 25 June 2017
  32. "Despite Coverup, Israel Caught Spying in Washington Again". Washington Report on Middle East Affairs. Retrieved 25 June 2017.
  33. "An Israeli Trojan Horse". CounterPunch. 27 September 2008. Retrieved 25 June 2017.
  34. Johnston, David (6 May 2000). "Israeli Spy Inquiry Finds Nothing, Officials Say". The New York Times. Retrieved 5 October 2017.
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