Amdocs and Qpass. 'Best value proposition'
Amdocs to buy Seattle-based Qpass
Israeli software provider agrees to acquire developer of digital commerce solutions for about USD 275 million
Amdocs, a provider of software and services to enable integrated customer management, announced Tuesday it signed an agreement to acquire Qpass, a leading provider of digital commerce software and solutions.
Under the terms of the agreement, Amdocs will acquire all of Qpass’ shares of capital stock for approximately USD 275 million in cash. The closing of the acquisition is subject to regulatory approvals and is expected to occur by the end of the second quarter of 2006.
The Seattle-based Qpass has developed a unique business model of providing product, services and business consulting. The company has relationships with over 300 leading content providers.
"The combination of Qpass’ business expertise and leading technology platform, and Amdocs’ unmatched industry knowledge, strong services, and global reach represents the best value proposition to the communication and media industry," Amdocs said in a statement.
