ST. LOUIS, April 3 /PRNewswire-FirstCall/ -- Amdocs , the leading provider of software and services to enable integrated customer management and the intentional customer experience(TM), today announced that it has acquired Stibo Graphic Software, a leading solutions provider to European directory publishers, from Stibo A/S. The acquisition solidifies Amdocs' position as a leader in electronic and print directory publishing solutions and positions Amdocs for continued growth in Europe.
"The European advertising and media industry -- which includes print and online directory publishers and is the second-largest market after North America -- is undergoing accelerated change, and this is an ideal time for Amdocs to capitalize on that change," said Eli Gelman, executive vice president of Amdocs Management Limited. "Stibo Graphic Software's solid reputation and proven expertise in the European market, its strong existing customer relationships, significant market share and a great team of people, complement Amdocs' strong management, deep industry knowledge, financial backing and global resources. This acquisition puts Amdocs in a good position for continued success in the growing European advertising and media market."
Stibo Graphic Software counts some of the largest directory publishing companies in Europe among its customers, including Pages Jaunes of France, SEAT of Italy; and European Directories. Stibo Graphic Software is headquartered in Aarhus, Denmark and has more than 60 employees. Stibo Graphic Software will be part of the Amdocs Advertising and Media division.
"This is a win-win for Stibo Graphic Software, which now has a global partner in Amdocs who is already a leader in directory publishing solutions, as well as for Amdocs," said Henning Christensen, director, Stibo Graphic Software. "This is also good news for Stibo Graphic Software's existing customers, who will benefit from the industry knowledge, an expanded product set, as well as Amdocs' global best practices, strong services expertise and more robust solutions."
The terms are not disclosed, but its impact on the Amdocs cash position and operating results is expected to be immaterial.
About Amdocs
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 experience(TM), 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 more than $2 billion in fiscal 2005, Amdocs employs about 12,000 IT professionals and serves customers in more than 50 countries around the world. For more information, visit Amdocs at http://www.amdocs.com/.
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 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, 2005, filed on December 28, 2005 and our quarterly 6-K furnished on February 15, 2006.
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