Amdocs’ Qpass Digital Commerce Solution Reaches $2 Billion Milestone
Amdocs helps service providers and media companies sell $2 billion worth of premium content – an increase of more than half a billion dollars since October 2006
BARCELONA, SPAIN and ST. LOUIS, MO -- February 12, 2007 -- Amdocs (NYSE: DOX), the leading provider of software and services to enable integrated customer management and the intentional customer experience ™, today announced that its Qpass digital commerce solution has processed more than $2 billion worth of premium products and services, representing over 730 million transactions since 2003 and an increase of more than half a billion dollars since October 2006. Ringtones and games remain the most commonly purchased products, while new applications such as ringback tones, mobile chat, video and full track music are rising in popularity as well. The announcement was made today at the 3GSM World Congress (Amdocs Stand No. B101, Hall 8).
“The digital commerce industry continues to grow rapidly as mobile subscribers demand the benefits of convergence on any device,” said Michael Matthews, chief marketing officer of Amdocs. “Over the last year, we saw an 83 percent increase in the number of transactions processed by Amdocs’ award-winning Qpass platform, and that number will continue to grow as the mobile content market continues to expand and subscribers’ demand for multimedia content increases. With service providers racing to meet this demand and win consumer favor, Amdocs enables providers to make digital commerce a significant revenue stream.”
The Qpass solution facilitates the growth of digital commerce by helping service providers and media companies realize new revenue streams and increase profitability. By managing the entire digital commerce lifecycle, the platform allows companies to deliver a personalized, intentional and innovative customer experience across multiple screens or devices, on any network and supporting any commerce model. Qpass works with leading providers such as Cingular, Sprint Nextel, T-Mobile International and Alltel and has recently been selected by,MetroPCS and Amp’d Mobile.
Qpass’ market leadership position in the digital commerce marketplace was recently recognized when leading industry analyst firm Frost & Sullivan honored Amdocs’ Qpass division with the 2007 Mobility Award for Mobile Content Commerce Solution in U.S. Premium Content Markets. Frost & Sullivan recognized Qpass’ role as a key enabler in the U.S. premium mobile content market and its efforts at continuously striving to offer the most relevant solution.
Amdocs combines innovative software and services with deep business knowledge to accelerate implementation of integrated customer management by the world’s leading service providers. By delivering a comprehensive portfolio of software and services that spans the customer lifecycle, Amdocs enables service companies to deliver an intentional customer experienceTM, which results in stronger, more profitable customer relationships. Service providers also benefit from a rapid return on investment, lower total cost of ownership and improved operational efficiencies. A global company with revenue of $2.48 billion in fiscal 2006, Amdocs has over 16,000 employees and serves customers in more than 50 countries around the world. For more information, visit Amdocs at www.amdocs.com.
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 segments it serves, 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, 2006, filed on December 13, 2006 and in our quarterly 6-K furnished on February 6, 2007.
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