omniture

Amdocs Receives the 2016 Frost & Sullivan Asia Pacific Telecom OSS/BSS Vendor of the Year Award

2016-06-22 15:37 1929

SINGAPORE, June 22, 2016 /PRNewswire/ -- Frost & Sullivan today honored Amdocs (NASDAQ: DOX), the leading provider of customer experience systems and services, with the 2016 Frost & Sullivan Asia Pacific Telecom OSS/BSS Vendor of the Year award.

The award was presented to Amdocs at Frost & Sullivan's 13th annual Asia-Pacific ICT Awards banquet held at the Equinox Restaurant, Swissotel The Stamford, in Singapore.

Mr. Avinash Sachdeva, Senior Analyst, Digital Transformation, Asia-Pacific at Frost & Sullivan said that Amdocs, with its comprehensive & integrated solution portfolio, end-to-end services and strong digital-first strategy is the leading OSS/BSS solution provider for Asia Pacific.

"In a challenging economic climate, Amdocs continues to grow both organically and through acquisitions to register strong financial performance, expansion into new markets, wins at new clients and deeper penetration into existing ones. Its substantial investment in innovation has yielded the new, cloud-enabled Amdocs CES 10 product portfolio supporting consumer and enterprise lines of business and new digital services and solutions with partners such as Frog and Adobe, and NFV revolution. All this provides service providers with a rich set of capabilities from immersive customer engagement to network virtualization to help accelerate the pace of their digital transformation, seize the digital opportunity and take the customer experience they offer to a new level," he added.

Mr. Sachdeva noted that in 2015 the company acquired a substantial majority of Comverse's BSS assets to support its growth plans in Asia-Pacific and other regions such as Europe and Latin America.

"Amdocs quickly absorbed the newly acquired assets, has already introduced new product releases for the former Comverse products, and is winning new business with the former Comverse customers," he added.

He also said Amdocs had strengthened its relationship with the world's largest communication groups, embarking on some of the industry's most pivotal transformation projects at Singtel and Optus. "Supported by its unmatched ability to execute complex transformation projects, Amdocs is one of the most advanced and fastest growing OSS/BSS vendors in the Asia-Pacific region," Mr. Sachdeva said.

"This Frost & Sullivan Award provides independent validation of the strength of our digital-first, data-empowered strategy," said Weiming Li, regional vice president and customer business executive at Amdocs.

"We are committed to helping service providers quickly offer new innovative services to customers, open new revenue streams while engaging with customers on new digital dimensions to win customer loyalty," he added.

The contenders for the Frost & Sullivan Asia-Pacific ICT Awards were evaluated on a variety of actual market performance indicators which include revenue growth, market share and growth in market share, leadership in product innovation, breadth of products and solutions, major customer acquisitions, and business and market strategy, amongst other category-specific criteria.

A team of 30 leading Frost & Sullivan analysts and consultants based in Asia-Pacific were involved in the short listing, evaluation and research process, applying the same thorough approach that has been the hallmark of Frost & Sullivan globally.

The findings of the detailed examination are then presented to a panel of independent judges comprising influential personalities, decision makers and thought leaders in Asia-Pacific's ICT industry, who have in themselves pushed the boundaries of innovation and corporate excellence, in deciding the recipients in each award category.

About Amdocs

Amdocs is the market leader in customer experience software solutions and services for the world's largest communications, entertainment and media service providers. For more than 30 years, Amdocs solutions, which include BSS, OSS, network control, optimization and network functions virtualization, coupled with professional and managed services, have accelerated business value for its customers by simplifying business complexity, reducing costs and delivering a world-class customer experience. 

The Amdocs portfolio enables service providers to capture the world of digital immediacy by operating across digital dimensions to engage customers with personalized, omni-channel experiences; creating a diversified business to capture new revenue streams; becoming data empowered to make business and operational decisions based on insight-based and predictive analytics; and achieving service agility to accelerate the fast rollout of new technologies and hybrid network services.  

Amdocs and its more than 24,000 employees serve customers in over 90 countries. Listed on the NASDAQ Global Select Market, Amdocs had revenue of $3.6 billion in fiscal 2015.

Amdocs: Embrace Challenge, Experience Success.

For more information, visit Amdocs at www.amdocs.com.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. 

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?   Contact Us:     Start the discussion

Source: Frost & Sullivan
Related Stocks:
NASDAQ:DOX
collection