Solutions enable service providers to add new revenue streams and increase average revenue per user
St Louis, MO /PRNewswire/ - Amdocs (NYSE: DOX), the leading provider of customer experience systems, today announced the launch of two new solutions that enable service providers to quickly and cost-effectively enter the fast-growing connected devices market. Amdocs M2M (Machine-to-Machine) and Connected Home solutions enable service providers to create new revenue streams, provide a unified customer experience and allow them to compete with over-the-top providers, all of which helps them increase average revenue per user (ARPU).
"We expect to see interest for these solutions across North America and Europe," said Rebecca Prudhomme, Amdocs vice president for product and solutions marketing. "As part of the Amdocs CES portfolio and combined with our wide range of services and unmatched industry expertise, the Amdocs M2M and Connected Home solutions enable service providers to simplify the experience for their customers and create new revenue streams to stay ahead of the competition."
Cellular M2M connections are forecast to grow from 135 million in 2011 to 2.3 billion by 2020, according to Machina Research*, whilst research from Parks Associates ** shows a great potential for service providers in the emerging connected home market. For example, 12 percent of US consumers and 9 percent of Western European consumers are highly interested in home security and home automation, and 19 percent of Western European consumers are highly interested in an energy monitoring service.
"With their large subscriber bases, existing marketing channels and retail presence, service providers are well positioned to win a significant share of the connected device markets," said Kurt Scherf, Vice President and Principal Analyst at Parks Associates. "Amdocs' solutions offer low cost of entry, support for many industry verticals and the proven integration capabilities needed by a service provider to quickly deliver a truly personalized experience for their partners and subscribers."
#According to Amdocs' internal testing, simulation or test case deployments. Benefits will vary depending on customer implementation.
* Source: Machina Research, M2M Global Forecast and Analysis 2010-20, October 2011
** Source: Parks Associates, Cloud-based Value-added Services, 2011
For 30 years, Amdocs has ensured service providers' success and embraced their biggest challenges. To win in the connected world, service providers rely on Amdocs to simplify the customer experience, harness the data explosion, stay ahead with new services and improve operational efficiency. The global company uniquely combines a market-leading BSS, OSS and network control product portfolio with value-driven professional services and managed services operations. With revenue of $3.2 billion in fiscal 2011, Amdocs and its over 19,000 employees serve customers in more than 60 countries.
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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 segments it serves, 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, 2011, filed on December 8, 2011.