Amdocs Completes Acquisition of Bridgewater Systems
Amdocs (NYSE: DOX), the leading provider of customer experience systems, announced that it has completed the acquisition of Bridgewater Systems Corporation (TSX: BWC) ("Bridgewater"), a publicly held provider of policy management and network control solutions. Amdocs acquired 25,178,827 common shares of Bridgewater (representing 100 percent of Bridgewater’s outstanding common shares) for CAD$8.20 per share in cash, through a wholly owned, indirect subsidiary of Amdocs. Prior to the acquisition, Amdocs did not own any securities of Bridgewater. The transaction is valued at approximately CAD$211 million, or CAD$139 million net of Bridgewater's cash as of June 30, 2011.
The acquisition will further expand Amdocs’ Customer Experience Systems (CES) portfolio, allowing service providers to implement new value-based data monetization strategies to capitalize on the data explosion.
“Following this acquisition, service providers will be able to benefit from data experience solutions based on a pre-integrated combination of Amdocs’ leading convergent charging technology and Bridgewater’s advanced policy control capabilities that address the increase in demand for high-bandwidth services and the exponential growth of smartphones and other connected devices,” said Ed Ogonek, President and CEO for Bridgewater.
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