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Amdocs Introduces Internet of Things (IoT) Monetization Platform, Enabling Service Providers to Gain New Revenues From IoT Services

BARCELONA, Spain, Feb. 22, 2016 (GLOBE NEWSWIRE) -- At Mobile World Congress, Amdocs (NASDAQ:DOX), the leading provider of customer experience solutions, today announced the Amdocs IoT Monetization Platform, a multi-industry cloud-based multi-tenant platform, enabling service providers to maximize the potential of IoT services. With this platform, service providers can quickly onboard enterprise and original equipment manufacturer (OEM) partners and bill consumers purchasing IoT products and services directly, or via the consumer’s bill with the service provider.

In addition to supporting the traditional IoT wholesale-billing model for communications services, the Amdocs IoT Monetization platform allows service providers to unleash the potential of consumer IoT by supporting multiple additional engagement models, such as white-label billing for the IoT provider, reselling IoT services directly to the consumer, or becoming an IoT services billing provider. The platform handles complex settlements across the different engagement models and manages the entire financial flow between all the involved parties.

“The move from wholesale IoT to consumer-level IoT is a dramatic shift, creating many new challenges. In this new environment, enterprises and OEMs need geographical outreach and the ability to manage complex activations and billing, while cooperating with multiple players across the value chain,” said Chris Williams, head of global marketing at Amdocs. “Service providers are perfectly placed to support these growing needs, and the highly scalable and flexible Amdocs IoT Monetization Platform is specifically designed to support this trend. Monetizing IoT services is another way for service providers to diversify their business while also improving the customer experience by providing their subscribers with new services they want, in a seamless manner.”

Supporting Resources

  • For more information about the Amdocs IoT Monetization Platform, visit Amdocs at Mobile World Congress, Barcelona, Booth 3G10
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About Amdocs

Amdocs is the market leader in customer experience software solutions and services for the world’s largest communications, entertainment and media service providers. For more than 30 years, Amdocs solutions, which include BSS, OSS, network control, optimization and network functions virtualization, coupled with professional and managed services, have accelerated business value for its customers by simplifying business complexity, reducing costs and delivering a world-class customer experience.

The Amdocs portfolio enables service providers to capture the world of digital immediacy by operating across digital dimensions to engage customers with personalized, omni-channel experiences; creating a diversified business to capture new revenue streams; becoming data empowered to make business and operational decisions based on insight-based and predictive analytics; and achieving service agility to accelerate the fast rollout of new technologies and hybrid network services.

Amdocs and its more than 24,000 employees serve customers in over 90 countries. Listed on the NASDAQ Global Select Market, Amdocs had revenue of $3.6 billion in fiscal 2015.

Amdocs: Embrace Challenge, Experience Success.

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 the Company's filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2015 filed on December 10, 2015 and our quarterly 6-K form furnished on February 16, 2016.

Media Contact: Sara Preto Fusion PR for Amdocs Tel: +1-212-651-4214 E-Mail: sara.preto@fusionpr.com Amdocs 1390 Timberlake Manor Parkway Chesterfield, MO 63017 USA www.amdocs.com +1-314-212-7000 tel +1-314-212-7500 fax

Source:Amdocs