Built for 5G and designed on the cloud, Amdocs Charging now provides endless monetization opportunities for advanced standalone 5G and beyond, backed by proven multi-cloud deployment experience
JERSEY CITY, N.J., Sept. 13, 2022 (GLOBE NEWSWIRE) -- Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today announced Amdocs Charging, which combines the best of industry capabilities in charging and business support systems, from both Amdocs and Openet to support convergent monetization of new services across standalone 5G and beyond. Leading service providers, including two tier-one operators in North America, are already using Amdocs Charging to unite disparate monetization efforts across their IT and network.
Historically, communications service providers (CSPs) have maintained many BSS platforms, supporting different lines of business with dated requirements. This limits their evolution, creating siloed environments for post-paid and pre-paid, fixed and mobile, 3G/4G and 5G, and more. In the 5G and cloud-native era, such silos are becoming unsustainable, and a new paradigm is required.
Amdocs Charging addresses these challenges, bringing together Amdocs charging offerings with those from Openet following its acquisition by Amdocs. This combined offering with a microservices-based platform, is accessed through Amdocs' market-leading suite, CES22. The solution drives rapid time-to market for innovative services, which can monetize a wide range of new network currencies – helping CSPs get a return on the investments made on 5G to date. CSPs using Amdocs' existing charging offerings can move to this new product incrementally, while leveraging proven global scalability.
Features include:
- Ready for emerging, diverse and large-scale use cases. These include the metaverse, virtual reality (VR), extended reality (XR), private enterprise networks, edge computing, network slicing and vehicle-to-vehicle applications across consumer and business verticals.
- Offers more control, reduces operational costs, and improves time-to-market through a single catalog and diverse services environment.
- Open APIs and an open and modular approach ensure enhanced support across OSS, BSS and the network, as well as partner efficiencies, regardless of vendor.
- Synergistic policy and charging control to create new monetization models leveraging Network Exposure Functions (NEF) and Network Data Analytics Function (NWDAF).
John Abraham, Principal Analyst, Analysys Mason, said: “The coming together of Amdocs and Openet charging capabilities under Amdocs Charging marks a significant milestone in evolution of the monetization portfolio of the largest vendor in this segment. Amdocs Charging will be complemented by Amdocs’ broader monetization portfolio, which positions the company well to flexibly address 5G and beyond in a cost-effective manner.”
Anthony Goonetilleke, Group President of Technology and Head of Strategy, Amdocs, said: “We live in a hybrid world of connectivity that spans 3G, 4G, 5G and Wi-Fi, and maximizing the monetization potential, while delivering on the promise of 5G and beyond, is critical to driving new revenue growth. Amdocs has made significant investments in our mission-critical, scalable, cloud-native charging platform, to deliver unparalleled convergent experiences that drive new service innovation, while removing the traditional boundaries between IT and network.”
Amdocs will be showcasing Amdocs Charging at TM Forum Digital Transformation World in Copenhagen, September 20-22, and attending MWC Las Vegas, September 28-30.
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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 31,000 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 $4.3 billion in fiscal 2021. For more information, visit Amdocs at 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. 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 economic conditions, 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, 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, the Company 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, 2021 filed on December 10, 2021, and our Form 6-K furnished for the first quarter of fiscal 2022 on February 14, 2022, for the second quarter of fiscal 2022 on May 24, 2022 and for the third quarter of fiscal 2022 on August 15, 2022.
Media Contact:
Michael Zema
Amdocs Public Relations
E-mail: Michael.Zema@amdocs.com
Emily Holt
PAN Communications for Amdocs
Email: Amdocs@pancomm.com
