M&A Deal Summary

Amdocs Acquires Solect Technology Group

On February 29, 2000, Amdocs acquired information technology company Solect Technology Group for 1.0B USD

Acquisition Highlights
  • This is Amdocs’ 2nd transaction in the Information Technology sector.
  • This is Amdocs’ largest (disclosed) transaction.
  • This is Amdocs’ 2nd transaction in Canada.
  • This is Amdocs’ 2nd transaction in Ontario.

M&A Deal Summary
Date 2000-02-29
Target Solect Technology Group
Sector Information Technology
Buyer(s) Amdocs
Deal Type Add-on Acquisition
Deal Value 1.0B USD

Target

Solect Technology Group

Toronto, Ontario, Canada
Solect Technology Group is a provider of IP billing and customer care software services.

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Buyer(S) 1

Buyer

Amdocs

Saint Louis, Missouri, United States
Category Company
Founded 1988
Sector Software
Employees29,000
Revenue 4.9B USD (2023)
DESCRIPTION
Amdocs office in St. Louis, Missouri.
Amdocs office in St. Louis, Missouri.

Amdocs provides software and services for communications, media, and entertainment industry service providers worldwide. It develops, implements, and manages software and services associated with business and operational support systems to enable service providers to introduce new products and process orders, as well as to support new business models. Amdocs was incorporated in 1988 and is based in Saint Louis, Missouri.

DEAL STATS #
Overall 3 of 25
Sector (Information Technology) 2 of 11
Type (Add-on Acquisition) 3 of 22
State (Ontario) 2 of 4
Country (Canada) 2 of 4
Year (2000) 1 of 1
Size (of disclosed) 1 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-09-06 International Telecommunication Data Systems

Stamford, Connecticut, United States

International Telecommunication Data Systems, Inc. is a provider of outsourcing and service bureau solutions to telecom companies. ITDS offers advanced billing, customer care and management information systems which form the foundation for a suite of applications that provide not only subscriber billing and service support, but also the means to automate subscriber activation, remittance processing, collections, data retrieval and reporting, electronic funds transfer, credit management, inventory management and data archiving.

Buy $182M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-02-19 XACCT Technologies

Santa Clara, California, United States

XACCT Technologies provides the leading network data management platform for global communications service providers such as network backbone providers, mobile operators, cable operators and managed services providers. XACCT’s carrier-class Network-to-Business (N2B™) Platform enables carriers to monetize their network traffic by harnessing network information to create new value-based services and lower operational costs. XACCT offers the industry’s first and only platform that enables real-time data capture and enhancement; seamless integration with any business or operations application; and automated flow-through service provisioning.

Buy $30M
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