KT Successfully Implements Amdocs CatalogONE Cloud-Native Solution to Accelerate Introduction of New 5G Offerings
ST. LOUIS, Nov. 10, 2020 (GLOBE NEWSWIRE) -- Amdocs (NASDAQ: DOX), a leading provider of software and services to communications and media companies, today announced that KT Corporation, the largest quad-play service provider in South Korea, has successfully migrated their existing charging product catalog inclusive of all offers and price plans across multiple lines of business to Amdocs CatalogONE on KT Private Cloud. The implementation enables them to be more agile and quick to take advantage of emerging 5G use cases with faster and more dynamic introductions of innovative services, pricing models, promotions and special offers.
Most of the migration was achieved while working remotely during the COVID-19 global lockdown, using new methodologies and best-in-class practices and various collaboration and deployment tools with no impact to service quality. The migration to a KT private cloud helped make the process seamless and enabled both Amdocs and KT teams to work in parallel on deployment of Amdocs’ open, cloud-native catalog solution. As a result, KT was able to swiftly go from ideation of new services to driving top-line growth all while providing its IT and business teams with the highest levels of flexibility and operational ease of use with Amdocs, who was recently awarded Frost & Sullivan’s 2020 Asia-Pacific 5G Customer Value Leadership Award.
Since the launch of 5G services in Korea in April 2019, not only have the number of 5G subscribers grown, the consumption of these subscribers of 5G mobile data traffic has also increased rapidly. KT has grown its subscriber base by enhancing the mobile broadband services that enable use cases such as UHD video, virtual reality (VR), and augmented reality (AR). With Amdocs CatalogONE, KT will be able to further accelerate the implementation of these services while delivering compelling customer experience. In addition, through this project, KT has established a cloud-based CatalogOE environment in Korea and laid the foundation for configuring changes directly to CatalogONE with a business-driven user interface to improve operational efficiencies and time to market, and replacing a process which was previously performed offshore.
“KT, a leader in 5G services, continues to introduce new services and experiences at a rapid pace, delivering compelling digital experience to their customers. Amdocs’ cloud native CatalogONE solution helps enable KT to accelerate the introduction of new 5G use cases with more personalized, contextualized, and differentiated offerings, and flexible price plans,” said Anthony Goonetilleke, Group President of Media, Network and Technology at Amdocs.
Amdocs’ purpose is to enrich lives and progress society, using creativity and technology to build a better connected world. Amdocs and its 26,000 employees partner with the leading players in the communications and media industry, enabling next-generation experiences in 85 countries. Our cloud-native, open and dynamic portfolio of digital solutions, platforms and services brings greater choice, faster time to market and flexibility, to better meet the evolving needs of our customers as they drive growth, transform and take their business to the cloud. Listed on the NASDAQ Global Select Market, Amdocs had revenue of $4.2 billion in fiscal 2020. 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, 2019 filed on December 16, 2019 and our quarterly Form 6-K furnished for the first quarter of fiscal 2020 on February 18, 2020, the second quarter of fiscal 2020 on May 18, 2020, and the third quarter of fiscal 2020 on August 17, 2020.
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