ST. LOUIS-Amdocs Ltd., a customer care, billing and order management provider, completed its previously announced acquisition of Solect Technology Group Inc., a provider of Internet Protocol customer care and billing software.
“This merger establishes the industry’s most complete business systems solution for communications and Internet services providers,” said Avi Naor, chief executive officer of Amdocs Management Ltd. “Amdocs’ expanded solution covers all wireline, wireless, IP and convergence services, provides full scalability and includes comprehensive project delivery and service capabilities.”
Amdocs noted that holders of Solect’s common shares have received a new class of shares of the company that are exchangeable for ordinary common shares of Amdocs.
