Amdocs Limited, St, Louis, MO, a customer care, billing and order management solutions for the communications industry provider, will acquire Nortel Networks Clarify business. Clarify makes customer relationship management software. The acquisition cost is $200 million in cash.
“Clarify’s products and people will form part of our new CRM division, and will be tightly integrated under the overall Amdocs management structure, R&D program, business strategy and operations,” said Avi Naor, President and Chief Executive Officer of Amdocs Management Limited, in a statement.
Amdocs expects to incur a one-time acquisition-related charge in its first fiscal quarter ending December 31, 2001 to account for certain costs relating to the acquisition, primarily the write-off of purchased in-process research and development.
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