Amdocs Buys Qpass

Amdocs has finally confirmed that it is acquire Qpass, a provider of digital commerce software and solutions, for approximately US$275 million in cash. Through this acquisition, Amdocs can enable its customers to create additional sources of revenue through the delivery of digital goods over multiple devices and various access methods.

"Service providers are working hard to adapt their networks and business models to take advantage of the growing content and services market," said Dov Baharav, Chief Executive Officer of Amdocs Management Limited. "This transaction creates a unique combination that will help realize the transformation of service providers from carriers of voice and data services to dynamic retailers of ubiquitous, converged services and digital content."

Amdocs currently works with 150 of the world's leading service providers -- including broadband cable, satellite, fixed access, and wireless service providers. Qpass works with some of the largest carrier groups globally, including Cingular, Sprint, and T-Mobile.

"Consumers have begun to expect higher levels of personalization and richer content via multiple electronic channels," said Chase Franklin, CEO and founder of Qpass. "As the consumption of content and digital goods becomes mainstream, volume and complexity will increase significantly and the demand for additional services will grow. The merger with Amdocs will provide a comprehensive answer to help service providers support these increased demands."

Posted to the site on 19th April 2006