Amdocs to acquire service assurance business of TEOCO

Amdocs has entered into a definitive agreement to acquire the service assurance business of TEOCO. The acquisition will enable Amdocs to provide service providers with a unique end-to-end service orchestration offering, assuring quality of service and enabling the monetisation of next-generation dynamic customer experiences. Amdocs wil acquire the service assurance business of TEOCO for a cash consideration of approximately $90 million, subject to meeting the closing conditions.