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        MarketScreener Homepage  >  Equities  >  Nasdaq  >  Amdocs Limited    DOX   GB0022569080

        AMDOCS LIMITED

        (DOX)
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        Amdocs Network Virtualization Solutions Selected by VodafoneZiggo to Enable Dutch Enterprises' Move to Service Cloud Networks

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        10/14/2019 | 03:05am EST

        THE HAGUE, Netherlands, Oct. 14, 2019 (GLOBE NEWSWIRE) -- Today at SDN NFV World Congress, Amdocs (NASDAQ: DOX), a leading provider of software and services to communications and media companies, announced that it will provide VodafoneZiggo, one of the leading communication and entertainment providers in the Netherlands, with its Amdocs Network Function Virtualization (NFV) solution to enable Dutch enterprises to design, deploy and monitor virtual cloud networks on-demand, enabling smart enterprises to build tomorrow’s connected society.

        Amdocs will provide VodafoneZiggo with an agile, feature-rich solution set for enterprise customers to create their own virtual private networks, with the ability to add-on future functionality including security and other enterprise applications, all managed in the cloud by Amdocs. This can be scaled and provisioned immediately and cost-effectively, so VodafoneZiggo’s enterprise customers will be able to rapidly spin up innovative services and utilize cloud infrastructure resources more efficiently.

        “VodafoneZiggo, is focused on building the network of the future,” said Matthias Sauder, director, Mobile Networks at VodafoneZiggo. “We are aggressively driving network virtualization and service innovation across our infrastructure, and Amdocs’ NFV solution will help us ensure our customers can introduce and deliver new communications services rapidly and cost-effectively.”

        As part of the project, VodafoneZiggo will reduce network total cost of ownership by avoiding costly on-premises hardware and moving to a single virtual capability located in VodafoneZiggo’s NFV cloud data center, which is capable of handling parallel sessions for multiple enterprise Virtual Private Networks (VPNs). Amdocs will introduce a new network and service orchestration and automation layer, by delivering its NFV Orchestrator (NFVO) and Generic Virtual Network Function Manager (G-VNFM), which will handle the automation of VodafoneZiggo’s service lifecycle management, based on KPIs and policy - from service onboarding, policy definition and order management, through to service fulfilment and resource management, all the way to ongoing operations and assurance.

        “The Netherlands is a leader in connectivity within the EU, and VodafoneZiggo is a driving force behind this digitization with programs such as Giganet,” said Anthony Goonetilleke, group president of Media, Network and Technology at Amdocs. “Amdocs is proud to partner with such an innovator, and to provide open standards based NFV solutions that are ecosystem-friendly. Agility is the new currency for enterprises and providing a scalable network service cloud is imperative to executing on their strategy.”

        Supporting Resources

        About Amdocs

        Amdocs is a leading software and services provider to communications and media companies of all sizes, accelerating the industry’s dynamic and continuous digital transformation. With a rich set of innovative solutions, long-term business relationships with 350 communications and media providers, and technology and distribution ties to 600 content creators, Amdocs delivers business improvements to drive growth. Amdocs and its 25,000 employees serve customers in over 85 countries. Listed on the NASDAQ Global Select Market, Amdocs had revenue of $4.0 billion in fiscal 2018. 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, 2018 filed on December 10, 2018 and our quarterly 6-K form furnished on February 19, May 28, August 8 and August 19, 2019.

        Media Contact:
        Nick Boulton, Amdocs
        Phone: +44 (0)7896 931 335
        Email: Nicholas.boulton@amdocs.com

        Paul Campbell
        Babel PR for Amdocs
        Tel: +44 (0)20 7434 5552
        E-mail: paul@babelpr.com

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        ゥ GlobeNewswire 2019
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