Amdocs purchases SigValue

23 Jan 2007

Amdocs has signed an agreement to acquire SigValue Technologies for around $54 million in cash, net of cash on hand. Amdocs currently owns 14% of SigValue's outstanding capital stock.

Under the terms of the agreement, Amdocs will acquire all of SigValue's remaining share capital.

SigValue's platform is aimed at service providers in emerging markets, such as Eastern Europe, Africa, Latin America and Asia, where the telecom customer base is predominantly composed of mobile prepaid subscribers.

The closing of the acquisition is expected to occur in the quarter ending March 31.

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