ST. LOUIS—Amdocs Ltd. continued its spending spree, agreeing to shell out $375 million to acquire operations support systems provider Cramer Systems Group Ltd.
Amdocs, which specializes in billing and customer relationship management services, said the all-cash deal will dilute its earnings by 4 cents per share once the deal is completed. The agreement is subject to post-closing adjustments, and the impact on Amdocs’ net earnings will not be known until the deal is closed, the company said.
Cramer, a privately held, London-based outfit, produces network resource management software for mobile and fixed-line telecommunications companies. The firm boasts more than 80 customers worldwide, and will form a new division to serve as the “centerpiece” of Amdocs’ OSS business.
“Amdocs expects to be well positioned to capitalize on the growth opportunity that OSS represents,” said Dov Baharav, Amdocs’ chief executive officer. “Together, we intend to deliver a complete automated service-fulfillment solution across all lines of business … linking order management at the customer layer with activation at the network layer.”
The move follows Amdocs’ $275 million acquisition of Qpass, a Seattle-based digital commerce software developer, and the buyout of Danish firm Stibo Graphic Software for an undisclosed sum.
The new acquisition failed to resonate on Wall Street, however, as shares of Amdocs fell 96 cents, or 3 percent, to $33.29 by mid-day.
