ST. LOUIS, Nov. 10, 2020 (GLOBE NEWSWIRE) -- Today, Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, announced a new multi-year, strategic agreement with Amazon Web Services, Inc. (AWS) to deliver integrated, cloud-native Business Support Systems (BSS) offerings for the world’s premium Communications Service Providers (CSPs). Amdocs and AWS will offer CSPs access to a cloud-native, open and dynamic portfolio of digital services that gives them faster time to market and higher agility to meet the evolving needs of customers. As part of the deal, AWS will be Amdocs’ preferred cloud provider for Amdocs’ internal IT transformation to enable new operating models, reduced operating costs, and help transform their business in the cloud.
“AWS and Amdocs are laser focused on accelerating the journey to the cloud for CSP’s around the world. Leveraging our combined global scale, cloud capabilities and industry leading products, we have created a unique carrier-grade cloud portfolio that addresses the needs of every customer,” said Shuky Sheffer, President and Chief Executive Officer of Amdocs Management Limited. “As we see the increased adoption of 5G, IoT and edge technologies powering and monetizing both consumer and enterprise experiences, we are excited to collaborate with AWS to drive industry growth through innovation and business agility on the cloud.”
“Together, Amdocs and AWS are providing the world’s largest telecommunications providers with a full portfolio of cloud services to help them reduce costs, innovate faster, and deliver business-critical communication services with the utmost flexibility, reliability and scalability,” said Andy Jassy, Chief Executive Officer of Amazon Web Services, Inc. “By integrating AWS and Amdocs’ business operations and cloud-native solutions, CSPs now have the ability to create new revenue streams, speed up the introduction of new cloud-based services and enhance the customer experience through machine learning.”
This agreement expands on existing work between AWS and Amdocs to enable Amdocs’ BSS and service automation portfolio to run natively on AWS, which has helped CSPs to introduce new services faster, provide highly secure cloud operations and deliver proven scalability. Many existing and new customers have already chosen to move to this new cloud native suite, including several North American service providers, Globe Telecom and Orange Spain. Amdocs and AWS will also work together to build and promote a wide range of services to help Amdocs customers migrate and modernize their systems, while utilizing best in class cloud capabilities.
Amdocs is expanding its use of AWS’s comprehensive portfolio of cloud services to provide CSPs with the agility to place consumers and enterprises at the center of their digital-first strategies and deliver tailored, seamless digital experiences rapidly. CSPs can benefit from the combination of AWS’s global infrastructure and expansive set of cloud services along with proven carrier-grade BSS, service automation solutions and services from Amdocs to rapidly deliver a broad range of business benefits. With proven customer success, migration expertise and skills, Amdocs also achieved AWS Migration Competency Partner status in 2020.
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Amdocs’ purpose is to enrich lives and progress society, using creativity and technology to build a better connected world. Amdocs and its 26,000 employees partner with the leading players in the communications and media industry, enabling next-generation experiences in 85 countries. Our cloud-native, open and dynamic portfolio of digital solutions, platforms and services brings greater choice, faster time to market and flexibility, to better meet the evolving needs of our customers as they drive growth, transform and take their business to the cloud. Listed on the NASDAQ Global Select Market, Amdocs had revenue of $4.2 billion in fiscal 2020. 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, the duration and severity of the COVID-19 pandemic, and its impact on the global economy, 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, Amdocs specifically disclaims any obligation to do so. These and other risks are discussed at greater length in Amdocs’ filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2019 filed on December 16, 2019 and our quarterly Form 6-K furnished for the first quarter of fiscal 2020 on February 18, 2020 the second quarter of fiscal 2020 on May 18, 2020 and the third quarter of fiscal 2020 on August 17, 2020.
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