Israeli software giant, Amdocs, who had $1.16 billion in cash and equivalents as of March 31, acquired Canada’s Bridgewater Systems for some $215 million in a deal which promises to improve its phone-billing software business.
Bridgewater provides network control solutions for mobile and convergent service providers.
Bridgewater president and CEO Ed Ogonek had this to say:
“As the market leader in customer experience systems, Amdocs has an excellent reputation for delivering tangible value to service providers worldwide. The combination of Bridgewater’s policy and subscriber data management portfolio with Amdocs CES portfolio will create a unique offering that would further extend Amdocs industry leadership, and deliver innovative solutions for service providers as they seek to transform their networks, improve customer loyalty and monetize their data servicesâ€¦This acquisition would build on Amdocs’ leadership in delivering innovative solutions that change market paradigms. It is a continuation of our strategy to support service providers as they seek to transform their businesses in anticipation of new market opportunities like 4G and machine-to-machine, and in response to clear threats, such as the data explosionâ€¦”