For approximately $188 million, Amdocs has entered into a definitive agreement to acquire MYCOM OSI.
Expected to be completed in the fourth quarter of fiscal 2022, the acquisition will expand Amdocs’ network portfolio to include end-to-end service and network orchestration by bringing key assurance capabilities to power the next generation of networks. MYCOM OSI’s award-winning service assurance suite comprises performance management, fault management, and service quality management, leveraging artificial intelligence (AI) and machine learning (ML) to detect and predict anomalies and enable intent-driven closed-loop operations through automated remediation and AIOps.
MYCOM OSI delivers 5G assurance applications and solutions to multiple customers with 5G networks, as well as serving wireline operator networks, which are becoming increasingly virtualized, containerized, and software-defined. MYCOM OSI’s cloud-native solutions leverage the benefits of the cloud such as scalability, cost, and reliability, and support the converged network-cloud ecosystem.
“This is a strategic growth move that builds on our other recent successful acquisitions in the network and cloud space and executes on three of our core strategic pillars – intelligent network automation, 5G, and cloud,” said Shuky Sheffer, President and CEO at Amdocs. “As the network and services of the 5G era become increasingly dynamic and complex, a holistic, end-to-end approach is key and can only be achieved with a powerful AI-backed assurance solution suite. That’s why we’re so excited to welcome the highly talented and dedicated MYCOM OSI team to Amdocs.”
“MYCOM OSI has a track record of continuous innovation and helping service providers around the world predict and resolve network problems before they impact customers while reducing operational costs through automation and AI,” said Andrew Coll, CEO at MYCOM OSI. “We’re excited to be embarking on the next chapter of our company story as part of the Amdocs family as we bring our combined expertise together under one roof. At a time of rapid transformation in the communications sector, the combined scale and deep domain expertise will create a unique and broad range of complementary and innovative solutions, such as closed-loop automation to help service providers in deploying 5G networks and services at scale.”
With offices in the US, France, UAE, India, and Singapore, MYCOM OSI was the first service assurance vendor to offer its applications on the public cloud as a subscription-based SaaS.