Amdocs Buys Changing Worlds
Amdocs has entered into to an agreement to
acquire Changing Worlds, a privately-held
provider of personalization and intelligent portal solutions for mobile
service providers.
Amdocs has agreed to acquire all of ChangingWorlds' shares for $60 million in cash, net of cash on hand, subject to post-closing adjustments.
ChangingWorlds' technology will allow end users to quickly get relevant information based on what they use most, making it easier to navigate the Internet on their phones and reducing the time they spend looking for content.
Amdocs has agreed to acquire all of ChangingWorlds' shares for $60 million in cash, net of cash on hand, subject to post-closing adjustments.
ChangingWorlds' technology will allow end users to quickly get relevant information based on what they use most, making it easier to navigate the Internet on their phones and reducing the time they spend looking for content.
ChangingWorlds' optimizes mobile devices, and Amdocs intends to expand the technology
to three screens (mobile, PC and television) to personalize the
customer experience across all platforms. ChangingWorlds and Amdocs
share several customers including Sprint, the Vodafone Group and
Telefonica O2.
ChangingWorlds' patented technology automatically builds subscriber profiles based on user behavior and usage patterns that require no user input or action to make finding relevant content faster and requiring less clicks. For example, a sports enthusiast will see the link to latest information about his favorite football team on his home page, while a classical music fan will see the link to the upcoming concerts in his area.
ChangingWorlds' patented technology automatically builds subscriber profiles based on user behavior and usage patterns that require no user input or action to make finding relevant content faster and requiring less clicks. For example, a sports enthusiast will see the link to latest information about his favorite football team on his home page, while a classical music fan will see the link to the upcoming concerts in his area.
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