07 November 2013
Unified communications provider Amdocs has entered an agreement to acquire Celcite Management Solutions for approximately $129 million in cash.
The move aims to expand the
company’s presence in the network software market,
enabling it to manage customer experience across both
networks and IT.
It builds on the company’s recent $120 million
acquisition of Actix, one of the largest independent software
providers in mobile optimisation.
By combining Actix’s products with
Celcite’s network management and Self-Optimising
Networks (SON) services, Amdocs hopes to offer service
providers equipment-agnostic optimisation solutions.
"Together, Amdocs, Celcite and Actix will emerge as the
preferred provider of network management and SON solutions to
service providers worldwide," said Rahul Sharma, founder and
CEO at Celcite.
"With the combination of our people, assets, and
product/services expertise, we will offer unmatched end-to-end
offerings to relieve customers’ core network
challenges, including capacity and roll-out, and help them tie
the customer experience to the network in real-time."
The deal is expected to be finalised in Amdocs’
current first fiscal quarter, or at the beginning of the second