Irish software start-up company Brite:Bill has been bought by NASDAQ listed Amdocs in the latest successful exit for Irish venture capital investors.
Founded in 2010, Dublin based Brite:Bill develops communications software for corporate billings systems.
It was backed by investors including the Ulster Bank Diageo Venture Fund, venture capital firm Delta Partners, as well as founder and chief executive Alan Coleman.
Amdocs is a provider of customer experience solutions, and bought the Irish company along with two internationals firms: Vindicia and Pontis.
“Communication and media service providers, including those with over-the-top offerings, are transforming to capture the world of on-demand services and digital immediacy. When combined with business-driven analytics behind the scenes, this ensures a simplified, intuitive and engaging customer experience,” said Eli Gelman Amdocs CEO.
“These acquisitions, alongside Amdocs’ existing platforms which include multi-channel, digital care and commerce, customer management and big data analytics solutions, position Amdocs as the market leader to help communication and media providers on their journey. I am excited by these companies joining Amdocs, as their cloud-based technologies will augment Amdocs’ rich offering and shorten our time to market,” Mr Gelman said.
Article Source: http://tinyurl.com/kbwqb42