ST. LOUIS-Amdocs Ltd. announced Sept. 6 it plans to acquire International Telecommunication Data Systems Inc., Stamford, Conn., for about $182 million in Amdocs stock.
Amdocs provides customer care, billing and order-management solutions for telecommunications carriers. ITDS offers outsourced and service bureau solutions to them.
“In our target market, which comprises high-end and mid-tier providers of wireless, wireline, data and convergence services, we are witnessing demand for outsourcing as well as in-house solutions,” said Avi Noar, president and chief executive officer of Amdocs Management Ltd.
“The acquisition of ITDS allows Amdocs to expedite the expansion of our outsourcing services offering.”
Under terms of the agreement, Amdocs will acquire all outstanding shares of ITDS in a stock-for-stock merger that will be accounted for as a purchase under U.S. generally accepted accounting principles.
Amdocs said it expects the transaction to be accretive to earnings as soon as it closes, probably by year-end.
