Expanded fiber offering simplifies end-to-end fiber lifecycle management and improves customer experience; includes formation of new collaboration with IQGeo
JERSEY CITY, NJ / ACCESSWIRE / October 30, 2024 / Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today announced the next generation of its fiber offering, capitalizing on recent acquisitions in the fiber domain. The enhanced offering introduces a robust framework and advanced automation capabilities to accelerate the planning, design, deployment and operation of fiber networks, yielding more cost-effective deployment for global service providers.
Amdocs has established itself as an industry leader in simplifying and speeding the deployment and management of fiber for more than 40 leading service providers around the world, with:
A proven track record of designing over 1.2 million fiber route miles globally
A large team of experts, leveraging modern program management tools to deliver faster deployments and maintain accountability throughout the process
Superior performance, integrating AI and generative AI-driven automation and real-time decisioning in business and operations support systems, processes and network assurance, to improve customer service efficiency
A newly formed teaming agreement with IQGeo, a developer of geospatial network lifecycle management software for telecom and utility operators, further enhances these capabilities. Amdocs will integrate IQGeo's network management software into its offering, enabling service providers to visualize, update, and manage their network assets in real time, and to automate key aspects of the planning and design process -- driving faster deployment times and reducing the complexity of managing large-scale fiber projects. Selected benefits for service providers include:
30% faster deployment times for fiber rollouts
Reduction of cabling and trenching by 10% or more
Significant reduction in network management cost by seamlessly integrating existing systems, replacing manual processes and reducing errors & rework
Amdocs' fiber offering will provide zero-touch automation capabilities that streamline complex fiber deployment processes. Service providers will benefit from a unified, future-ready solution that supports both greenfield and brownfield deployments, allowing them to optimize time to market, reduce operational costs, and improve overall network performance.
Referring to the new collaboration, IQGeo CEO Richard Petti said: "We are excited to collaborate with Amdocs to deliver unmatched value to our mutual customers, providing the telecommunications industry with fiber solutions that help broadband operators achieve faster, more efficient fiber network deployment and operations. Together, we will provide integrated software and services and innovative new use cases that are purpose-built for fiber network deployment and operations teams, to drive business growth and thrive for years to come."
"As increasing their share of the growing broadband market with fiber offerings becomes increasingly critical to service providers around the globe, our fiber solutions will help service providers manage fiber deployment from inception to operations," said Anthony Goonetilleke, Group President of Technology and Head of Strategy at Amdocs. "Service providers know that seamless connected experiences matter, and broadband is often critical to creating those experiences. Our enhanced offering, including IQGeo's advanced network management capabilities, will help service providers achieve differentiated experiences for their customers more quickly and efficiently."
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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 approximately 29,000 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 $4.89 billion in fiscal 2023. 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 and years. 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 macro-economic conditions, prevailing level of macroeconomic, business and operational uncertainty, including as a result of geopolitical events or other global or regional events and the COVID-19 pandemic, as well as the current inflationary environment, and the effects of these conditions on the company's customers' businesses and levels of business activity, including the effect of the current economic uncertainty and industry pressure on the spending decisions of the company's customers, 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, our ability to successfully and effectively implement artificial intelligence and Generative AI in the company's offerings and operations 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, Amdocs 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, 2023 filed on December 13, 2023 and our Form 6-K furnished for the first quarter of fiscal 2024 on February 20, 2024, for the second quarter of fiscal 2024 on May 20, 2024, and for the third quarter of fiscal 2024 on August 19, 2024.
Media Contacts
Michael Zema
Amdocs Public Relations
E-mail: mzema@amdocs.com
Emily Holt
PAN Communications for Amdocs
Email: amdocs@pancomm.com
SOURCE: Amdocs Management Limited
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