Value Team and Amdocs Compact Convergence Replace Systems at Leading Italian MVNO

MILAN and ST. LOUIS, Nov. 11, 2010 /PRNewswire/ -- Value Team, a leading Italian IT consulting and services firm, and Amdocs (NYSE: DOX), the leading provider of customer experience systems, announced that they have delivered the Amdocs Compact Convergence solution as part of a systems overhaul project to support the mobile virtual network operator (MVNO) activities of one of Italy's largest retailers.

Amdocs Compact Convergence provides the MVNO with a single, next generation solution for convergent, real-time charging, customer care, self-care and service delivery capabilities for prepaid, postpaid and new value-added services. Value Team was the prime systems integrator for the project.

"The MVNO was looking for a solution that can cost-efficiently support its continued growth in the Italian market. It was also looking for a partner with a long-term experience in telecommunications, in combination with a solution that has a proven track record of deployments at MVNO operators," said Paolo Huscher, International Business and MVNO Director, Value Team. "Amdocs Compact Convergence, in combination with the systems integration experience of Value Team, were a perfect fit. Together, they allow our MVNO customer to quickly create and launch new services, promotional campaigns and pricing plans, while keeping operational and maintenance costs low."

An intelligent network (IN)-based solution, Amdocs Compact Convergence includes network connectivity modules and can be rapidly deployed to interface with network elements. This built-in capability will ensure smooth systems replacement and subscriber migration for the MVNO.

For further information about Amdocs Compact Convergence, go to: www.amdocs.com/CompactConvergence.

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About Value Team

Value Team is the Value Partners group company which deals with IT consulting and solutions. Today it offers the market a complete range of services: Consulting, Systems Integration and Outsourcing. With over 2700 professionals, 600 of whom work abroad, Value Team assists multinational corporations worldwide, out of its branches in Italy, Europe and Latin America. www.valueteam.com.

About Amdocs

Amdocs is the market leader in customer experience systems innovation. The company combines business and operational support systems, service delivery platforms, proven services, and deep industry expertise to enable service providers and their customers to do more in the connected world. Amdocs' offerings help service providers explore new business models, differentiate through personalized customer experiences, and streamline operations. A global company with revenue of $3.0 billion in fiscal 2010, Amdocs has over 19,000 employees and serves customers in more than 60 countries worldwide. For more information, visit Amdocs at 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 segments it serves, 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 the Company's filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2009, filed on December 7, 2009 and in our quarterly 6-K forms furnished on February 8, May 13 and August 9, 2010.

SOURCE Amdocs

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