JERSEY CITY, N.J., May 11, 2022 (GLOBE NEWSWIRE) -- Amdocs (NASDAQ: DOX), a leading provider of software and services to communications and media companies, today announced that it has completed a modernization project with Fastweb that will enable the Italian telecoms operator to provide innovative new services at speed to its customers in the 5G and cloud era.
The completion of the project has allowed Fastweb to launch modernized mission-critical systems as part of a wider transformation program that is creating an open and dynamic IT infrastructure.
As part of the deal, Amdocs has upgraded Fastweb’s network inventory. Amdocs’ next-generation OSS (operations support systems) solutions have enabled Fastweb to improve operational performance and time-to-market agility while enhancing quality of service and the overall experience for its customers. A joint Fastweb-Amdocs Center of Excellence has also been established to ensure ongoing innovation and improvements.
“This has been an important project for us as it represents as essential element of our modernization and transformation journey,” said Gianpaolo Brandolini, Head of IT Solution Design and Delivery at Fastweb. “Crucially it will enable operational efficiencies and innovation for existing and emerging services, including 5G and Fastweb Cloud Services, for the benefit our customers.”
“As we accelerate our next generation, cloud-native network suite, we are excited to partner with Fastweb to enhance customer experience while driving efficiency improvements,” said Anthony Goonetilleke, Group President of Technology and Head of Strategy at Amdocs. “Over the last several years, Italy has been a strategic market for Amdocs, and partnering with Fastweb is an exciting opportunity to drive future innovation in the region.”
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Amdocs helps those who build the future to make it amazing. With our market-leading portfolio of software products and services, we unlock our customers’ innovative potential, empowering them to provide next-generation communication and media experiences for both the individual end user and enterprise customers. Our 30,000 employees around the globe are here to accelerate service providers’ migration to the cloud, enable them to differentiate in the 5G era, and digitalize and automate their operations. Listed on the NASDAQ Global Select Market, Amdocs had revenue of $4.3 billion in fiscal 2021. For more information, visit www.amdocs.com
Amdocs’ Forward-Looking Statement
This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs’ growth and business results in future quarters. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general economic conditions, Amdocs’ ability to grow in the business markets that it serves, Amdocs’ ability to successfully integrate acquired businesses, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, potential loss of a major customer, our ability to develop long-term relationships with our customers, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future; however, the Company specifically disclaims any obligation to do so. These and other risks are discussed at greater length in Amdocs’ filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2021 filed on December 10, 2021, and our Form 6-K furnished for the first quarter of fiscal 2022 on February 14, 2022.
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