Amdocs Acquires Xchange for $5.1 Million in Bankruptcy Auction

Amdocs Ltd has acquired the assets of Xchange, formerly Exchange Applications Inc. The purchase price was $5.1 million, according to Eric Schmitt, a senior analyst at Forrester Research Inc.

Xchange, which closed its Boston-based headquarters last month, was auctioned off in the offices of Reimer & Braunstein, a Boston law firm. Of the two dozen companies rumored to have requested the auction prospectus, the final bidding came down to two, Schmitt said.

Schmitt doubted that Amdocs would pick up many of Xchange