Under the multi-year agreement, Amdocs will consolidate TPG's monetization platforms to improve operational efficiency and drive revenue growth in enterprise, government, and business sector

JERSEY CITY, NJ / ACCESSWIRE / February 6, 2024 / Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today announced it has been selected by TPG Telecom, a leading telecom operator in Australia, to deliver a consolidated monetization platform deployed on the public cloud, to enhance operational efficiency and drive revenue growth.

TPG Telecom runs top mobile and internet brands - Vodafone, TPG, iiNet, AAPT, Internode, Lebara, and felix - that deliver essential communication services to consumer, business, wholesale and government customers right across Australia.

Amdocs' billing platform has the most sophisticated B2B features in the industry, supporting both telco and non-telco use cases. As part of the multi-year deal, Amdocs will support the integration of TPG's legacy systems, replacing a total of seven incumbents. Amdocs is set to modernize and consolidate TPG's legacy systems into a modern, sophisticated monetization platform, serving the Australian operator's customer segments including business, enterprise, government and wholesale customers. It will enable TPG to launch new services and products with faster time-to-market and deliver an enhanced user experience.

"TPG Telecom is committed to creating great connected experiences in Australia," said Anthony Goonetilleke, Group President of Technology and Head of Strategy at Amdocs. "Already serving hundreds of millions of end users around the world, our cloud-based monetization platform will enable enhanced agility for TPG while unlocking improved experiences for their business customers."

Amdocs will showcase its ongoing innovation at the Mobile World Congress Barcelona, February 26-29, 2024.

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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 such as the recent attacks in Israel and evolving conflict 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.

Media Contacts:

Swati Sharma
Amdocs Public Relations
Tel: +91 9313508980
Email: swati.sharma4@amdocs.com

SOURCE: Amdocs Management Limited