ST. LOUIS, Jan. 8, 2014 /PRNewswire/ -- Amdocs (NASDAQ: DOX), the leading provider of customer experience systems and services, today announced it has been selected by AT&T, the leader in the connected car, for the AT&T Drive Studio, a new center to spur the development of connected-car services and applications. AT&T announced its connected car initiative Jan. 6 at the 2014 Developer Summit alongside the Consumer Electronics Show in Las Vegas.
Expanding its longstanding AT&T relationship into the emerging connected car market, Amdocs also said it will enable AT&T to enhance its offering by supporting innovative business models with its auto industry partners. The solution will provide charging, billing and partner relationship management integrated with AT&T's existing capabilities.
These unique capabilities will enable AT&T to split the connectivity charges for separate services occurring in the same car, so that consumer apps – such as navigation and entertainment – can be billed to consumers, while connectivity for car diagnostics, vehicle telematics and safety services may be included in an automaker's subscription charge. This split-billing capability also opens up a host of promotional opportunities for auto OEMs, app and content providers and others in the connected car eco-system – facilitating, for example, offers for a free year of internet music service.
The new AT&T Drive Studio, based in Atlanta blocks away from the AT&T Foundry innovation center, will serve as a hub to create and demonstrate new solutions for the connected car, with the focus on safety, convenience and entertainment. The AT&T Drive Studio will enable auto manufacturers to explore new automotive connectivity solutions that could include 4G/LTE, cloud solutions, virtual assistants, data services and new entertainment offerings.
"The car is about to become essentially one more connected device on a customer's shared data plan," said Chris Penrose, senior vice president, emerging devices, AT&T Mobility. "The Connected Car market is an area of strategic importance for AT&T, and it was only natural to team up with Amdocs, whose dynamic solutions continue to provide new monetization capabilities."
"We look forward to being a key part of the AT&T Drive ecosystem, working with AT&T and automakers to help create the innovative services that will drive the connected car market," said Rebecca Prudhomme, vice president of product and solutions marketing at Amdocs. "Amdocs' flexible billing and data monetization solutions can support the new connected-car billing models we're likely to see, in which new in-car applications may need to allocate billing charges between the automaker, service provider and consumer—a great opportunity for service differentiation."
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For 30 years, Amdocs has ensured service providers' success and embraced their biggest challenges. To win in the connected world, service providers rely on Amdocs to simplify the customer experience, harness the data explosion, stay ahead with new services and improve operational efficiency. The global company uniquely combines a market-leading BSS, OSS and network control and optimization product portfolio with value-driven professional services and managed services operations. With revenue of $3.3 billion in fiscal 2013, Amdocs and its more than 20,000 employees serve customers in over 70 countries.
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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. 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 economic conditions, 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, potential loss of a major customer, our ability to develop long-term relationships with our customers, 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, the Company specifically disclaims any obligation to do so. These and other risks are discussed at greater length in the Company's filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2013 filed on December 09, 2013.