SES Selects Amdocs to Deliver Enhanced Experience for Customers in Multi-Year Managed Services Agreement

Rhea-AI Summary

Amdocs has entered a multi-year managed services agreement with SES to enhance customer experiences using the O3b mPOWER satellite system. This collaboration focuses on providing anomaly detection and diagnostics, strengthening their ongoing partnership. Amdocs aims to leverage latest technologies to deliver improved customer outcomes. In fiscal 2022, Amdocs reported revenues of $4.58 billion, emphasizing its role in advancing telecom and media experiences.

Positive

• Multi-year managed services agreement with SES enhances Amdocs' service offerings.
• Agreement focuses on anomaly detection and monitoring, indicating technological advancement.
• Strengthens long-term partnership with SES, suggesting increased business stability.

Negative

• None.

Deal, which will see Amdocs support SES’s O3b mPOWER satellite constellation, strengthens the relationship between the two companies

JERSEY CITY, N.J., Nov. 08, 2022 (GLOBE NEWSWIRE) -- Amdocs (NASDAQ: DOX), a leading provider of software and services to communications and media companies, today announced that it has been selected by SES, a leading global content connectivity solutions provider, to provide an optimized experience for SES customers through a multi-year managed services agreement.

The deal, which strengthens and broadens the relationship between the two companies, will see Amdocs provide anomaly detection, monitoring, diagnostics, and remediation across SES’s new cutting-edge O3b mPOWER satellite communications system.

“It’s exciting to be collaborating with Amdocs on this project, which will be utilizing the latest technologies and methodologies to deliver exceptional outcomes for our customers,” said Gint Atkinson, VP Network Strategy and Digital Architecture at SES.

“We’re delighted to expand our long-standing relationship with SES by entering into this agreement,” said Anthony Goonetilleke, Group President of Technology and Head of Strategy at Amdocs. “This deal demonstrates the critical role played by Amdocs in enabling service providers to provide the best possible customer experience.”

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About Amdocs
Amdocs helps those who build the future to make it amazing. With our market-leading portfolio of software products and services, we unlock our customers’ innovative potential, empowering them to provide next-generation communication and media experiences for both the individual end user and enterprise customers. Our 31,000 employees around the globe are here to accelerate service providers’ migration to the cloud, enable them to differentiate in the 5G era, and digitalize and automate their operations. Listed on the NASDAQ Global Select Market, Amdocs had revenue of $4.58 billion in fiscal 2022. For more information, visit 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 Amdocs’ filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2021 filed on December 10, 2021, and our Form 6-K furnished for the first quarter of fiscal 2022 on February 14, 2022, for the second quarter of fiscal 2022 on May 24, 2022 and for the third quarter of fiscal 2022 on August 15, 2022.

Media Contacts
Michael Youds
Amdocs Public Relations
Tel: +44 7855 827 038
Email: michael.youds@amdocs.com    

Holly Abbott
Babel PR for Amdocs
Tel: +44 (0)7527 521057
Email: amdocs@babelpr.com / holly.abbott@babelpr.com

FAQ

What is the significance of Amdocs’ agreement with SES for DOX shareholders?

The agreement strengthens the relationship between Amdocs and SES, potentially leading to increased revenue streams and stable growth for DOX shareholders.

How will the Amdocs and SES partnership impact customer experience?

The partnership aims to enhance customer experience through advanced anomaly detection and monitoring services on SES’s O3b mPOWER satellite system.

What financial results did Amdocs report for fiscal 2022?

Amdocs reported revenues of $4.58 billion for fiscal 2022, reflecting its significant position in the market.

What technologies will Amdocs utilize in its agreement with SES?

Amdocs will utilize cutting-edge technologies and methodologies to deliver services under the new agreement with SES.

When was the press release about Amdocs and SES published?

The press release was published on November 08, 2022.