Amdocs has paid an undisclosed amount for the telecommunications software producer, which had raised at least $55m from investors including Nippon Steel.
Ireland-based telecommunications software and services provider Openet has been bought by US-based media and communications consultancy Amdocs for an undisclosed amount, enabling steel producer Nippon Steel to exit.
Founded in 1999, Openet provides charging, network policy and data management software for the telecoms industry. Its technology will be folded into Amdocs’ service network to extend its capabilities in areas such as 5G, edge computing and the internet of things.
Openet had secured at least $55m of funding, including a $10.5m…
