Amdocs to play pivotal role in assisting Tomorrow Street to identify new innovative technology solutions for Vodafone and support their late-stage startup partners bring their technology to scale; Tomorrow Street is a joint venture between Vodafone and Technoport, Luxembourg’s technology incubator
ST. LOUIS, May 12, 2021 (GLOBE NEWSWIRE) — Amdocs (NASDAQ: DOX), a leading provider of software and services to communications and media companies, today announced a strategic partnership with Tomorrow Street, a joint venture between Vodafone and Technoport, Luxembourg’s technology incubator. Under the partnership, Amdocs will play a pivotal role in assisting Tomorrow Street’s portfolio companies to achieve their customers’ digital transformation goals, leveraging Amdocs’ extensive industry experience and large ecosystem of innovation partners. Furthermore, the two companies will work together to identify new innovative technology solutions contributing to Vodafone’s development.
“The Tomorrow Street innovation center hosts and supports the next generation of strategic suppliers to Vodafone and is a technology hub that attracts entrepreneurs and talent to the fast-growing tech sector in Luxembourg,” said Kenneth Graham, CEO, Tomorrow Street. “Amdocs is a valued technology and innovation partner to Vodafone, and we look forward to working together to deliver growth for our startup partners and our future joint business.”
“We are excited to join Tomorrow Street and be part of the thriving Luxembourg technology hub alongside Vodafone,” said Dror Kalush, president, Amdocs International Group. “We welcome the opportunity to share our industry expertise and long experience of working with innovative startups and, like Vodafone, we highly value the prize of innovation. We look forward to working with the companies already in the accelerator, helping them scale up their technology and, where applicable, introducing it into our core solutions for the benefit of customers worldwide.”
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Amdocs’ purpose is to enrich lives and progress society, using creativity and technology to build a better connected world. Amdocs and its 27,000 employees partner with the leading players in the communications and media industry, enabling next-generation experiences in 85 countries. Our cloud-native, open and dynamic portfolio of digital solutions, platforms and services brings greater choice, faster time to market and flexibility, to better meet the evolving needs of our customers as they drive growth, transform and take their business to the cloud. Listed on the NASDAQ Global Select Market, Amdocs had revenue of $4.2 billion in fiscal 2020. For more information, visit Amdocs at www.amdocs.com.
Amdocs’ Forward-Looking Statement
This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs’ growth and business results in future quarters. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general economic conditions, Amdocs’ ability to grow in the business markets that it serves, Amdocs’ ability to successfully integrate acquired businesses, adverse effects of market competition, rapid technological shifts that may render the Company’s products and services obsolete, potential loss of a major customer, our ability to develop long-term relationships with our customers, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future; however, the Company specifically disclaims any obligation to do so. These and other risks are discussed at greater length in Amdocs’ filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2020 filed on December 14, 2020 and our Form 6-K furnished for the first quarter of fiscal 2021 on February 16, 2021.
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