Amdocs Buys MX Telecom For $104 Million
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Billing firm Amdocs (NYSE: DOX) has bought up mobile payments and messaging firm MX Telecom for $104 million in cash, the companies announced at CTIA today. Amdocs says the acquisiton will bulk up its Open Market business, which calls itself the “largest mobile transaction hub” in the U.S and provides services like SMS advertising and content delivery to phones. In addition to the U.S., MX Telecom has operations in Europe and Australia, and Amdocs says the deal “accelerates (its) plans for global expansion into key markets.”
SEE ALSO: Amdocs To Acquire Changing Worlds For $60 Million In Cash
Amdocs has made several other sizeable acquisitions over the years, including buying up mobile ad and search firm Changing Worlds for $60 million a year-and-a-half ago, as well as Qpass for $275 million in 2006.
Here’s the announcement.
Posted In: Mobile, Money, M&A & Venture Capital, Mergers & Acquisitions, Events, CTIA, amdocs, mx telecom
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