PxPixel
Amdocs To Acquire Bridgewater For $215 Million - Broadcasting & Cable

Amdocs To Acquire Bridgewater For $215 Million

Will allow Amdocs to expand its portfolio of products for managing customer experiences and services
Author:
Publish date:

Amdocs has entered into a definitive agreement to acquire all of Bridgewater Systems in a transaction valued at approximately $C211 million ($215 million), or $C128 million ($130), net of Bridgewater's cash as of March 31, 2011.

In announcing the deal, Amdocs and Bridgewater executives argued that the acquisition of Bridgewater, a provider of policy, subscriber management and network control solutions for mobile and convergent service providers, will allow Amdocs to offer an expanded portfolio of products and cutting edge technologies for managing customer experiences and services.

"This acquisition would build on Amdocs' leadership in delivering innovative solutions that change market paradigms," noted Amdocs group president Brian Shepherd in a statement. "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 explosion."

In addition to product and solution synergies, Amdocs and Bridgewater share numerous customers, including Bell Mobility, Sprint and Telstra.

The two companies noted in the announcement that several key shareholders, which collectively hold approximately 29.7% of the outstanding common shares of Bridgewater, as well as the directors and senior officers of Bridgewater, representing another 5.6% of the common shares of Bridgewater, have agreed to vote in favor of the deal. A final deal is expected to be completed within 90 days.

"As the market leader in customer experience systems, Amdocs has an excellent reputation for delivering tangible value to service providers worldwide," said Ed Ogonek, president and CEO, Bridgewater in a statement. "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 services."

Related