ST. LOUIS-Amdocs announced it has completed the acquisition of XACCT Technologies Inc., as announced in December. Amdocs acquired the company for $29.5 million, including $13.5 million in cash and the rest in Amdocs ordinary shares.
“The integration of XACCT’s industry-leading mediation software provides us a powerful portfolio to meet our customers’ needs for convergent mediation solutions,” said Eli Gelman, executive vice president of Amdocs Management Ltd. “Both Amdocs and our customers will greatly benefit from the significant R&D investments that have made XACCT’s mediation products best-in-class, as well as from the high-quality, talented employees now joining the Amdocs team.”
