Amdocs signs agreement to buy Mycom OSI for $188 mln in 5G assurance push

CIOTechOutlook Team | Wednesday, 25 May 2022, 03:32 IST

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Telecom software provider Amdocs Tuesday said it has entered into a definitive agreement to acquire Mycom OSI in a $188 million all-cash deal, in a push to tap into 5G assurance opportunities and monetize intelligent services.

“Amdocs’ Board of Directors has approved the transaction for a consideration of approximately $188 million in cash which, subject to the satisfaction of the conditions to closing, is expected to be completed in the fourth quarter of fiscal 2022,” the company said in an official statement, adding that the revenue from Mycom OSI is expected to be immaterial in fiscal 2022 and will add less than 1% to total revenue annually.

Mycom OSI is a UK-headquartered company providing SaaS-based cloud network and service assurance solutions to communications service providers globally.

The acquisition will expand Amdocs’ network portfolio to include end-to-end service and network orchestration by bringing key assurance capabilities to power the next generation of networks, the statement added.

Mycom OSI ’s service assurance suite comprises performance management, fault management and service quality management, leveraging artificial intelligence (AI) and machine learning (ML) to detect and predict anomalies and enable intent-driven closed loop operations through automated remediation and AIOps.

Mycom OSI delivers 5G assurance applications and solutions to multiple customers with 5G networks, as well as serving wireline operator networks.

“This is a strategic growth move that builds on our other recent successful acquisitions in the network and cloud space and executes on three of our core strategic pillars – intelligent network automation, 5G and cloud,” said Shuky Sheffer, President and Chief Executive Officer at Amdocs.

“At a time of rapid transformation in the communications sector, the combined scale and deep domain expertise will create a unique and broad range of complementary and innovative solutions, such as closed-loop automation to help service providers in deploying 5G networks and services at scale,” said Andrew Coll, Chief Executive Officer at Mycom OSI .

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