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Tuesday, March 23, 2010

MX Telecom acquired by Amdocs for $104 million

Amdocs, which describes itself as a leading provider of customer experience systems, has acquired UK-based mobile payments and messaging aggregator MX Telecom for approximately $104 million (£69 million)

MX Telecom will become part of Amdocs' OpenMarket business, extending the organisation's global footprint.

Alex Moir, Managing Director of MX Telecom, said "We are delighted to be joining forces with OpenMarket. OpenMarket's mobile payments platform is highly synergistic with MX Telecom. This acquisition will enable the combined organization to better serve our customers and accelerate our global growth plans. Our employees are proud of what MX Telecom has accomplished, and we look forward to continuing to shape the industry as part of the OpenMarket team."

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Author: The Fonecast
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