Amdocs has signed a definitive agreement to acquire Changing Worlds, a privately-held provider of personalization and intelligent portal solutions for mobile service providers.
Under the deal, Amdocs will 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 transaction is expected to close during Amdocs' fiscal quarter ending December 31.
According to Amdocs, ChangingWorlds' technology, combined with the company's 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.