Amdocs to acquire Comverse BSS assets for USD 272mn

NEW DELHI, INDIA: Amdocs to acquire a substantial majority of Comverse’s business support systems (BSS) business unit assets for approximately $272 million in cash.

The Boards of Directors of Comverse and Amdocs have approved the transaction which, subject to the satisfaction of the conditions to closing, is expected to be completed before end of September 2015.

Amdocs is purchasing a substantial majority of Comverse’s BSS assets and will maintain and support Comverse customers around the world.

Publicly traded Comverse will continue to exist as a separate company, with a singular focus on expanding its global market leadership in digital services.