Amdocs makes MX acquisition

Innovative equipment maker Amdocs has acquired MX Telecom for US$104m in ‘cash, net of debt and cash’.
MX Telecom is a global aggregator providing the connectivity and infrastructure, and facilitating payment and digital content delivery to enable…

Innovative equipment maker Amdocs has acquired MX Telecom for US$104m in ‘cash, net of debt and cash’.

MX Telecom is a global aggregator providing the connectivity and infrastructure, and facilitating payment and digital content delivery to enable businesses to take advantage of mobile technology with operations in Europe the US and Australia.

Rothschild is understood to have advised the company on the deal.

Amdocs will add MX Telecom to its OpenMarket unit, which operates a mobile transaction hub and is looking to expand globally. The combined businesses will provide a hosted platform to extend mobile payment and messaging capabilities through an integrated network and product portfolio.

Jay Emmet, General Manager of OpenMarket, said, “This strategic acquisition expands OpenMarket’s global footprint and substantially increases our market leadership in the rapidly growing mobile payments market that will extend well beyond messaging in the coming years.”

Amdocs said that the impact of the deal on its non-GAAP earnings per share is likely to be modestly accretive in fiscal 2010 and that it may incur a one-off acquisition related expense in Q1 2010.

Amdocs has a global presence and boasts many of the worlds leading telcos among its list of clients.