Amdocs is a famous multinational software company providing the digital solution in the sector of communication, media, finance, and many giant digital enterprises. The history of the company dates back to 1982 when this Israeli business was founded by Morris Kahn and Boaz Dotan. Boaz became the first CEO and President of the company. Today, the company is based in Missouri, United States. It has more than 25,000 employees and last year its annual revenue summed up to $4.1 billion.
Let’s delve deeper into the history of Amdocs and have a look at why it is better than other software companies.
About Morris Kahn and Boaz Dotan – Amdocs Founders
Morris Kahn is one of the most famous Israeli entrepreneurs who is also a billionaire. Kahn stepped into the business world and explored different niches of business for a long time. When he was young he established a bicycle company followed by a cattle company. He is also a famous philanthropist who received Bonei Zion Prize Lifetime Achievement Award in 2018.
Boaz Dotan received his bachelor’s degree from Tel-Aviv University. Apart from founding the company, Boaz is currently a partner at AfterDox and a board member of Retalix Ltd.
Founding history of Amdocs
The foundation of the company took place as a part of Golden Pages which is the Israeli phone directory company. Morris Khan acquired Golden Pages hence the company which then came under the Aurec Group, a telecom company established by Morris in 1968. Boaz Dotan was the first president of Amdocs who along with Morris developed software for phone directory companies. This led both of them to open a new company, Aurec Information & Directory Systems.
In 1985, a 50% share of this new company was acquired by Southwestern Bell Corporation and the company was renamed as Amdocs. Within the next couple of years, the other assets of Aurec Group were sold to Amdocs as well for $1 billion. The company started gradually expanded to the area of the telecom sector followed by mobile communication. In 1998, the company went public and next year it acquired ITDS thus entering into the reign of management services.
2000-present
Stepping into a new century, the new acquisitions by Amdocs flooded the news headlines. In 2001, the company acquired a software firm, Clarify for $200 million. Amdocs acquired DST Innovis and Cramer Systems in two consecutive years and an Israeli start-up called SigValue in 2007. This was just the beginning and the following years witnessed the acquisition of many more communication and software companies from around the world. Last month, Amdocs acquired Openet Telecom Inc, a world-renowned 5G connection provider.
Why choose Amdocs?
The demand for every business is different depending on the sector of business and type of clients. Amdocs has connectivity solutions for any business and helps gain a faster pace to grow one’s business. Last year, Gartner named Amdocs as a leader for both IRCM and OSS and IT Services Magic Quadrants. Till now, the company has worked with more than 350 service providers in 80 countries. Amdocs also helps in accelerating the network and cutting cost at the same time. And, the most important and valuable service for a client is to received quality solutions cost-effectively. Amdocs is also excelling at providing fraud-management services based on ML and AI. A few months ago Amdocs launched Home Operating System powered by AI and Cloud-Native.
Amdocs’ AI-powered Home Operating System
This year, Amdocs’ revolutionizing home broadband has become a big hit in the market. The name of the product is Amdocs doxiO HomeOS providing better suggestions based on AI, enhanced cybersecurity, working more on basic commands thus adapting the “touch-free” notion and making it easier for everyone in the home to control and use the connected devices.
The consumers can change manually the Wi-Fi settings that getting an insight into how many devices are connected. This is specially designed for the benefit of parents as one receives notifications regarding the usage patterns, media, and gaming consumption. And, alerts and notifications are also sent to the users if anticipated a security breach.
Effect of COVID-19 on Amdocs
Putting forward the safety of employees and partners, Amdocs didn’t attend the MWC Barcelona 2020. The CEO of the company said they appreciate the preventive measures taken up by GSMA, but the health concern of Amdocs’ employees is the first priority for the company. This statement was given by Shuky Sheffer, current president and CEO of the company on 19th February 2020.
Annasha Dey is an NIT student, who apart from studying engineering is also a content writer. She has a great interest in photography, writing, reading novels, and travelling as well. She is a foodie who loves socializing and hanging out with her friends. She is also a trained Kathak dancer and a big fashion enthusiast. Dey also loves watching TV series, which includes F.R.I.E.N.D.S. and Big Bang Theory. To be a better writer she prefers to read more