Amdocs' Qpass Digital Commerce Solution Reaches $2 Billion Milestone
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Press release date: February 12, 2007
BARCELONA, Spain and ST. LOUIS, Feb. 12 /- Amdocs (NYSE:DOX), the leading provider of software and services to enable integrated customer management and the intentional customer experience(TM), today announced that its Qpass digital commerce solution has processed more than $2 billion worth of premium products and services, representing over 730 million transactions since 2003 and an increase of more than half a billion dollars since October 2006. Ringtones and games remain the most commonly purchased products, while new applications such as ringback tones, mobile chat, video and full track music are rising in popularity as well. The announcement was made today at the 3GSM World Congress (Amdocs Stand No. B101, Hall 8).
"The digital commerce industry continues to grow rapidly as mobile subscribers demand the benefits of convergence on any device," said Michael Matthews, chief marketing officer of Amdocs. "Over the last year, we saw an 83 percent increase in the number of transactions processed by Amdocs' award-winning Qpass platform, and that number will continue to grow as the mobile content market continues to expand and subscribers' demand for multimedia content increases. With service providers racing to meet this demand and win consumer favor, Amdocs enables providers to make digital commerce a significant revenue stream."
The Qpass solution facilitates the growth of digital commerce by helping service providers and media companies realize new revenue streams and increase profitability. By managing the entire digital commerce lifecycle, the platform allows companies to deliver a personalized, intentional and innovative customer experience across multiple screens or devices, on any network and supporting any commerce model. Qpass works with leading providers such as Cingular, Sprint Nextel, T-Mobile International and Alltel, and has recently been selected by MetroPCS and Amp'd Mobile.
Qpass' market leadership position in the digital commerce marketplace was recently recognized when leading industry analyst firm Frost & Sullivan honored Amdocs' Qpass division with the 2007 Mobility Award for Mobile Content Commerce Solution in U.S. Premium Content Markets. Frost & Sullivan recognized Qpass' role as a key enabler in the U.S. premium mobile content market and its efforts at continuously striving to offer the most relevant solution.
Amdocs combines innovative software and services with deep business knowledge to accelerate implementation of integrated customer management by the world's leading service providers. By delivering a comprehensive portfolio of software and services that spans the customer lifecycle, Amdocs enables service companies to deliver an intentional customer experience(TM), which results in stronger, more profitable customer relationships. Service providers also benefit from a rapid return on investment, lower total cost of ownership and improved operational efficiencies. A global company with revenue of $2.48 billion in fiscal 2006, Amdocs has over 16,000 employees and serves customers in more than 50 countries around the world. For more information, visit Amdocs at www.amdocs.com.
Media Contacts: Jenny Chai Access Communications for Amdocs Tel: +1-917-522-3515 E-Mail: email@example.com
Web site: http://www.amdocs.com/