JERSEY CITY, N.J., Nov. 08, 2022 (GLOBE NEWSWIRE) -- Amdocs (NASDAQ: DOX), a leading provider of software and services to communications and media companies, today announced that it is collaborating with SITA, a leading specialist in IT for the global air transport industry, to modernize SITA’s billing and payments infrastructure.
The agreement, involving an upgrade of SITA’s current systems, represents an expansion of the long-standing relationship between the two companies. It will enable SITA to rapidly launch and monetize new products and services by reducing time to market and enabling greater flexibility and agility, while reducing operational costs.
Implementing Amdocs’ cloud-native digital monetization platform, which uses open-source technologies, will offer greater scalability and flexibility while enabling SITA to achieve operational efficiencies through the ability to manage customer accounts in multiple countries through a single product.
Headquartered in Geneva, Switzerland, SITA serves around 2,500 customers in 200 countries. The company provides a range of IT, telecommunication, infrastructure and communication services to airlines, airports and other air transport customers.
“We’re on a mission to simplify and modernize our IT infrastructure and this project will accelerate the achievement of our goals,” said Rene Fourel, Chief Technology Officer at SITA. “We’re excited to be building on our long-standing relationship with Amdocs and look forward to reaping the benefits of the flexible, future-proof digital platform that will be implemented through this deal, enabling us to harness the power of the public cloud and open-source technologies.”
“SITA is a leader in mission-critical IT for the air transport industry that is responsible for the experience of many millions of consumers. We’re pleased to be working with the company to transform its business,” said Anthony Goonetilleke, Group President of Technology and Head of Strategy at Amdocs. “This agreement enables greater innovation and efficiency, providing the groundwork for SITA to become an even more agile and dynamic organization.”
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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 31,000 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 $4.58 billion in fiscal 2022. 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, for the second quarter of fiscal 2022 on May 24, 2022 and for the third quarter of fiscal 2022 on August 15, 2022.
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