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Amdocs agrees to acquire Cramer, a leading provider of OSS solutions

ST. LOUIS, MO - July 18, 2006 - Amdocs (NYSE: DOX), the leading provider of software and services to enable integrated customer management and the intentional customer experienceTM, today announced it signed an agreement to acquire Cramer Systems Group Ltd. ('Cramer'), a leading provider of operations support systems (OSS) solutions. Under the terms of the agreement, Amdocs will acquire all of Cramer's shares of capital stock for approximately $375 million in cash, net of cash on hand, subject to post-closing adjustments. Cramer is a growing company with more than 80 customers worldwide.

With the acquisition, Amdocs plans to expand its service management and OSS offerings and expects to become a leader in OSS, uniquely able to support large-scale OSS transformation projects. The OSS domain is typically defined as network-facing applications supporting key service fulfillment and service assurance business processes. Cramer has a proven and tested OSS product portfolio, which includes leading products in network resource management (NRM), activation and auto discovery.

'With a quality company like Cramer, Amdocs expects to be well positioned to capitalize on the growth opportunity that OSS represents,' said Dov Baharav, chief executive officer of Amdocs Management Limited. 'Together, we intend to deliver a complete automated service fulfilment solution across all lines of business - for any service, on any network - linking order management at the customer layer with activation at the network layer.'

As a result of the acquisition, Amdocs will be the only company to deliver an end-to-end solution spanning OSS and customer-facing business support systems (BSS), such as billing and customer relationship management (CRM). Service providers will be able to manage and optimize their entire services supply chain - from the demand side (customers) to the supply side (network), including the enabling business processes in between, such as introduction, fulfillment and assurance of services.

'It is difficult to overstate the importance of today's announcement - put simply, we are redefining the OSS industry,' said Guy Dubois, Cramer's president and chief executive officer. 'Service providers are faced with the tripartite challenge of delivering more services at lower cost, managing network transformation and optimizing the customer experience,' Dubois continued. 'Amdocs' acquisition of Cramer creates a leading integrated BSS/OSS company, so that for the first time, service providers can get a complete view of the network, the service and the customer, all from one supplier.'

'We expect the strong synergy between Amdocs and Cramer to smooth integration so that customers can reap the benefits as quickly as possible,' added Baharav. 'The cadre of Cramer professionals who are joining our ranks are undisputed experts in the OSS domain who have played a critical role in Cramer's success over the past 10 years, consistently pioneering, challenging and innovating. Service providers will benefit from the combined industry knowledge of Amdocs and Cramer as well as an expanded product suite, combined with Amdocs' global best practices, strong services expertise, robust solutions and impressive track record of delivery in large, complex projects.'

Cramer will form a new division in Amdocs, which will be the centerpiece of Amdocs' OSS strategy and activities, and will leverage and enhance Amdocs' current assets in BSS and OSS. Cramer's current management will continue to lead the business.Under the terms of the agreement, Amdocs will acquire all of Cramer's shares of capital stock for approximately $375 million in cash, net of cash on hand, subject to post-closing adjustments. Completion of the acquisition is subject to regulatory approvals and other closing conditions customary to such transactions and is expected to occur in the current fiscal quarter. The transaction is expected to be approximately $0.04 dilutive to non-GAAP<

Publisher Contact Information:

Cramer Systems Limited (Acquired by Amdocs)
+44 (0)20 72 66 84 86

Company profile of Cramer Systems Limited (Acquired by Amdocs)
Past press releases of Cramer Systems Limited (Acquired by Amdocs).


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