Systegra Technologies Selects Amdocs connectX to Enhance its Digital Offerings to Customers
Rhea-AI Summary
Amdocs (NASDAQ:DOX) announced that Systegra Technologies, a Nigerian service provider, has selected Amdocs connectX, a cloud-based 'telco in a box' solution powered by AWS, to enhance its mobile virtual network enabler (MVNE) services. The AI-native multi-tenant platform will support mobile virtual network operators across Nigeria with wireless prepaid, postpaid, and B2C solutions.
The implementation aims to drive operational efficiency and scalability while ensuring compliance with local data residency requirements. The platform features modern microservices architecture and follows TMF Open API guidelines for simplified integration. Systegra Technologies, a subsidiary of Interswitch Group, will leverage connectX to provide customers with enhanced digital experiences and greater control over their connectivity services.
Positive
- Partnership with major Nigerian service provider expands Amdocs' market presence in Africa
- Cloud-based solution deployment on AWS indicates scalable revenue potential
- Platform compliance with local data residency requirements reduces regulatory risks
Negative
- None.
Insights
The selection of Amdocs connectX by Systegra Technologies marks a strategic expansion of Amdocs' footprint in Africa's rapidly growing telecommunications market. This deal carries several significant implications:
1. Market Position Enhancement: The partnership strengthens Amdocs' presence in Africa, particularly in Nigeria - Africa's largest telecom market with over 200 million mobile subscribers. This positions Amdocs to capture additional market share as other African telecom providers seek similar digital transformation solutions.
2. Revenue Stream Potential: As a SaaS deployment, this deal represents a recurring revenue opportunity for Amdocs. The multi-tenant nature of connectX allows for scalable pricing based on usage and subscriber growth, providing potential upside as Systegra expands its MVNO partnerships.
3. Technological Edge: The implementation showcases several key differentiators:
- AI-native architecture enabling automated operations and reduced costs
- AWS-powered cloud infrastructure ensuring reliability and scalability
- TMF Open API compliance facilitating easier integration with existing systems
- Built-in data residency features addressing local regulatory requirements
4. Strategic Value: This deployment could serve as a reference case for Amdocs in pursuing similar opportunities across emerging markets. The success of this implementation could catalyze additional deals in Africa's
The partnership's long-term value proposition extends beyond immediate revenue implications, potentially establishing Amdocs as a key enabler of digital transformation in emerging markets while providing a scalable platform for Systegra's growth ambitions.
Nigerian service provider to enable its customers to take full control of their journeys through a digital-first approach, elevating its customer experience
JERSEY CITY, NJ / ACCESS Newswire / February 4, 2025 / Amdocs (NASDAQ:DOX), a leading provider of software and services for communications and media companies, announced today that Systegra Technologies, a Nigerian service provider, has selected Amdocs connectX, its cloud-based "telco in a box" solution, to fuel its growth and innovation as a mobile virtual network enabler (MVNE). Through this collaboration, Systegra Technologies will support mobile virtual network operators (MVNOs) across Nigeria using the AI-native multi-tenant platform designed to drive operational efficiency and scalability.
Amdocs connectX, powered by Amazon Web Services (AWS), brings agility, stability, and a comprehensive suite of offerings to support Systegra Technologies' expanding MVNE and MVNO services, including wireless prepaid, postpaid, and B2C solutions. This feature-rich AI-based platform will enable Systegra Technologies to deliver an unmatched customer experience, providing end-users with variety, flexibility, and ease in managing their connections.
Moreover, with data residency as a service, Amdocs connectX ensures full compliance with local data residency requirements, empowering Systegra Technologies to focus on delivering secure, high-quality connectivity tailored to meet the evolving needs of Nigerian customers.
"Our collaboration with Amdocs signifies our dedication to providing customers with unparalleled digital experiences," said Mitchell Elegbe, Group Managing Director and CEO at Interswitch Group, of which Systegra Technologies is a subsidiary. "With connectX, we enable our customers to take full control of their journeys through a digital-first approach, offering a simpler, intuitive, and engaging experience. Amdocs' modern microservices architecture and adherence to TMF Open API guidelines greatly simplify integration, while providing the flexibility to subscribe to new features seamlessly."
"We are committed to supporting Systegra Technologies' growth and digital-first flexibility goals," said Anthony Goonetilleke, Group President of Technology and Head of Strategy at Amdocs. "Our SaaS connectX platform dynamically scales to meet customer demand, and allows nearly limitless flexibility for the creation of innovative services, empowering Systegra Technologies to focus on expanding its business without traditional IT operational overhead."
Supporting Resources
About Amdocs
Amdocs helps those who build the future to make it amazing. With our market-leading portfolio of software products and services, we unlock our customers' innovative potential, empowering them to provide next-generation communication and media experiences for both the individual end user and enterprise customers. Our employees around the globe are here to accelerate service providers' migration to the cloud, enable them to differentiate in the 5G era, and digitalize and automate their operations. Listed on the NASDAQ Global Select Market, Amdocs had revenue of
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 and years. 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 macro-economic conditions, prevailing level of macroeconomic, business and operational uncertainty, including as a result of geopolitical events or other regional events or pandemics, as well as the current inflationary environment, and the effects of these conditions on the company's customers' businesses and levels of business activity, including the effect of the current economic uncertainty and industry pressure on the spending decisions of the company's customers, 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, security incidents, including breaches and cyberattacks to our systems and networks and those of our partners or customers, potential loss of a major customer, our ability to develop long-term relationships with our customers, our ability to successfully and effectively implement artificial intelligence and Generative AI in the company's offerings and operations 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, Amdocs 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, 2023 filed on December 13, 2023 and our Form 6-K furnished for the first quarter of fiscal 2024 on February 20, 2024, for the second quarter of fiscal 2024 on May 20, 2024, for the third quarter of fiscal 2024 on August 19, 2024, and for the fourth quarter of fiscal 2024 on November 12, 2024.
Media Contacts
Mario Hajiloizi
Amdocs Public Relations
E-mail: mario.hajiloizi@amdocs.com
Katie Owen
Babel PR for Amdocs
Tel: +44 (0) 7490 131475
Email: amdocs@babelpr.com / katie.owen@babelpr.com
SOURCE: Amdocs Management Limited
View the original press release on ACCESS Newswire
FAQ
What is the impact of Systegra Technologies selecting Amdocs (DOX) connectX platform?
How will Amdocs (DOX) connectX benefit Nigerian mobile virtual network operators?
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