Friday, June 17, 2011
Amdocs announced that "it has entered into a definitive agreement to acquire all of Bridgewater Systems' outstanding common shares .. The transaction is valued at approximately CAD$211 million, or CAD$128 million net of Bridgewater's cash as of March 31, 2011 .. In addition to product and solution synergies, Amdocs and Bridgewater share numerous top tier customers, including Bell Mobility, Sprint and Telstra".
See "Amdocs Has Signed a Definitive Agreement to Acquire Bridgewater Systems, a Publicly Held Provider of Policy Management and Network Control Solutions" - (here, Amdocs) or "Bridgewater Systems to Be Acquired by Amdocs" - (here, Bridgewater)
Earlier this year, Amdocs had a "soft launch" of its PCRF product (see "Amdocs Launches PCRF" - here). 11 years ago,Amdocs acquired Solect, also a Canadian OSS vendor is in IP communications space, for $1B (here).
Congratulations, Ed and the Bridgewater Team!