Back office software provider Amdocs (NYSE: DOX) has put down a $211 million bet that acquiring Bridgewater Systems can facilitate a move into the potentially lucrative market to bill LTE-based services across multiple devices.
Interestingly, Amdocs, which is a major cable billing services provider, sees Bridgewater as a passkey into the expanding 4G marketplace where cable--at least publicly--has been a somewhat scarce commodity, with the exception of an investment into WiMAX provider Clearwire (Nasdaq: CLWR).
The acquisition is "a continuation of our strategy to support service providers as they seek to transform their businesses in anticipation of new market opportunities like 4G and machine-to-machine and in response to clear threats, such as the data explosion, Amdocs Group President Brian Shepherd said in a news release.
Bridgewater is described as "a provider of policy, subscriber management and network control solutions for mobile and convergent service providers."
For more:
- see this news release
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