Amdocs to Buy ChangingWorlds

ST. LOUIS -- Amdocs (NYSE: DOX - News), the leading provider of customer experience systems, today announced it has signed a definitive agreement to acquire Changing Worlds Ltd. ("ChangingWorlds" ), a privately-held provider of personalization and intelligent portal solutions for mobile service providers. Under the terms of the agreement, Amdocs has agreed to acquire all of ChangingWorlds' shares for $60 million in cash, net of cash on hand, subject to post-closing adjustments. Additional consideration may be paid later based on the achievement of certain performance metrics. The acquisition is subject to conditions customary to such transactions, and is expected to close during Amdocs' fiscal quarter ending December 31, 2008.

ChangingWorlds' technology, combined with the Amdocs CES portfolio, will enable better customer experiences by allowing end users to quickly get relevant information based on what they use most, making it easier to navigate the Internet on their phones and reducing the time they spend looking for content. ChangingWorlds' technology currently addresses mobile devices, and Amdocs intends to expand the technology to three screens (mobile, PC and television) to personalize the customer experience across all touch points. ChangingWorlds and Amdocs share several customers including Sprint, the Vodafone Group and Telefonica O2.

"Sprint is committed to delivering the best possible customer experience across a wide range of data services, including Internet browsing," said Kevin Packingham, senior vice president of product and technology development for Sprint. "Sprint and Amdocs have worked together for years on a number of important projects designed to enhance the customer experience. ChangingWorlds has been integral to our Sprint Web offering and provides the technology and expertise that will help us continue to deliver enhanced and personalized Internet services."

Amdocs Ltd. (NYSE: DOX)