BRIEF: Amdocs adds to Finland telecommunications relationship: The billing software developer signed a six-year agreement with telecommunications company Elisa Corporation.
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[June 22, 2009]

BRIEF: Amdocs adds to Finland telecommunications relationship: The billing software developer signed a six-year agreement with telecommunications company Elisa Corporation.

Jun 22, 2009 (Globes - McClatchy-Tribune Information Services via COMTEX) -- Billing software developer Amdocs Ltd. (NYSE: DOX) has signed a six-year agreement with Finland-based telecommunications company Elisa Corporation (HEL: Elisa A).



The project is estimated to be worth tens of millions of dollars.

Amdocs has been supplying billing, ordering, and customer relationship management (CRM) software to Elisa since 2007. The current deal expands the relationship, and under the managed services and billing consolidation agreement, Amdocs will now assume responsibility for day-to-day management and maintenance of the software deployed to support Elisa's wireless operations.



In addition, Amdocs will consolidate Elisa's eight legacy wireless, wireline, Internet, and cable billing systems to establish a single, convergent billing system.

Amdocs VP marketing Dana Porter told "Globes" today, "The deal with Elisa represents two main trends among communications operators: outsourcing in order to raise efficiency, and a trend of consolidating various enterprise billing systems, in order to synchronize them and improve the customer's experience." Shares in Amdocs were little changed by mid-afternoon in New York, trading at $20.64, which gave a market cap of $4.21 billion.

To see more of the Globes or to subscribe to the newspaper, go to http://www.globes-online.com. Copyright (c) 2009, Globes, Tel Aviv, Israel Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.

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