Intel Capital and Amdocs Collaborate to Foster Startup Innovation

ST. LOUIS, Aug. 3 /PRNewswire-FirstCall/ -- Intel Capital, Intel Corporation's global investment organization, held its first Intel Capital Technology Day (ITD) at Amdocs (NYSE: DOX), the leading provider of customer experience systems. The event marks the collaboration between Intel Capital and the Amdocs Open Innovation program to foster startup innovation, and was designed to identify joint business opportunities for the Intel Capital portfolio companies with Amdocs or its customer base, which includes some of the largest service providers on the globe.

Nine Intel Capital portfolio companies from different domains such as mobile multimedia and contact center solutions, and from different countries, including the United States, United Kingdom, Israel and Poland, showcased innovative technologies to Amdocs executives from around the world.

"Amdocs understands the value of innovation in the evolving communications industry and has many programs in place to drive innovation. Among these programs is Amdocs' highly unique and comprehensive Open Innovation program which scouts for innovative technologies to introduce to its customers and integrate into its own portfolio," said Marcos Battisti, Managing Director at Intel Capital. "By showcasing our portfolio companies to global leaders like Amdocs, we are helping them access real, global business opportunities and establish a competitive position."

The ITD is part of an ongoing series of events where Intel Capital introduces its portfolio companies to leading international companies. Using the criteria selected by the company, Intel Capital brings portfolio companies from all over the world in for a day of insightful presentations, demonstrations and networking. It is intended to create business opportunities for small, emerging and large established technology companies.

This ITD builds on the longstanding relationship between Amdocs and Intel. Last year, the two companies unveiled the Amdocs Intel Performance Lab, which is managed by the two companies, and was established to test new technologies for processing, memory, storage, virtualization and reliability that can impact Amdocs' architecture design and Intel's processor and platform designs.

Amdocs Open Innovation consists of three global programs targeted to foster new ideas and collaboration between Amdocs and startup companies in the communications industry and offer Amdocs' customers solutions which complement the Amdocs CES product and services portfolio:

• Amdocs Engage! – A business development program promoting business opportunities between Amdocs, service providers and startup companies; 
• Amdocs Ascend! – A startup partnership program focused on creating new solutions by combining external innovation with Amdocs products and services;
• Amdocs Venture! – A program focused on strategic investments in carefully selected startups.

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About Intel Capital

Intel Capital, Intel's global investment organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, home, mobility, health, consumer Internet, semiconductor manufacturing and cleantech. Since 1991, Intel Capital has invested more than US$9.5 billion in over 1,050 companies in 47 countries. In that timeframe, 175 portfolio companies have gone public on various exchanges around the world and 241 were acquired or participated in a merger. In 2008, Intel Capital invested about US$1.59 billion in 169 investments with approximately 62 percent of funds (excluding Clearwire) invested outside North America. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com.

About Amdocs

Amdocs is the market leader in customer experience systems innovation. The company combines business and operational support systems, service delivery platforms, proven services, and deep industry expertise to enable service providers and their customers to do more in the connected world. Amdocs' offerings help service providers explore new business models, differentiate through personalized customer experiences, and streamline operations. A global company with revenue of $2.86 billion in fiscal 2009, Amdocs has more than 18,000 employees and serves customers in more than 60 countries worldwide. For more information, visit Amdocs at www.amdocs.com.

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 segments it serves, 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, 2009, filed on December 7, 2009 and in our quarterly 6-K forms furnished on February 8 and May 13, 2010.

SOURCE Amdocs