FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the Month of November, 2001
AMDOCS LIMITED
Suite 5, Tower Hill House Le Bordage
St. Peter Port, Island of Guernsey, GY1 3QT Channel Islands
Amdocs, Inc.
1390 Timberlake Manor Parkway, Chesterfield, Missouri 63017
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.
FORM 20 F X FORM 40 F
Indicate by check mark whether the registrant by furnishing the information
contained in this form is also thereby furnishing the information to the
Commission pursuant to rule 12g3-2(b) under the Securities Exchange Act of
1934.
YES NO X
AMDOCS LIMITED
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
FOR THE MONTH OF NOVEMBER, 2001
ACQUISITION OF CLARIFY BUSINESS OF NORTEL NETWORKS
On November 28, 2001, the registrant, Amdocs Limited ("Amdocs"),
acquired from Nortel Networks Corporation substantially all of the assets of
its Clarify business ("Clarify") for approximately $200 million in cash,
pursuant to an Acquisition Agreement, dated as of October 1, 2001. Clarify is
a provider of Customer Relationship Management, or CRM, software to
communications companies and other enterprise sectors.
The transaction will be accounted for under the purchase accounting
method under United States generally accepted accounting principles and is
expected by Amdocs to be accretive to cash earnings per share in fiscal year
2002 and thereafter.
Amdocs expects to incur a one-time acquisition-related charge in its
first fiscal quarter ending December 31, 2001 to account for certain costs
relating to the acquisition, primarily the write-off of purchased in-process
research and development.
Attached as Exhibit 99.1 and incorporated herein by reference in its
entirety is a copy of the press release dated November 28, 2001 announcing the
completion of the acquisition.
FINANCIAL STATEMENTS AND PRO FORMA FINANCIAL INFORMATION
The financial statements of Clarify and the unaudited pro forma
condensed consolidated financial information are not included in this report.
Such financial information will be filed by amendment not later than February
11, 2002.
EXHIBITS
EXHIBIT NO. DESCRIPTION
99.1 Amdocs Press Release dated November 28, 2001.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
AMDOCS LIMITED
Date: December 12, 2001 /s/ Thomas G. O'Brien
-------------------------------
Thomas G. O'Brien
Treasurer and Secretary
Authorized U.S. Representative
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
99.1 Amdocs Press Release dated November 28, 2001.
EXHIBIT 99.1 AMDOCS LIMITED COMPLETES ACQUISITION OF CLARIFY ASSETS ACQUISITION CREATES THE NO. 1 COMMUNICATIONS CRM PROVIDER, COMBINING INDUSTRY LEADING SOFTWARE AND SERVICES, ENSURING RETURN ON INVESTMENT SAN JOSE, CALIFORNIA, November 28, 2001--Amdocs Limited (NYSE:DOX), the world's leading provider of customer care, billing and order management systems to the communications industry, announced today the completion of the previously announced acquisition from Nortel Networks* of substantially all of its Clarify assets, a leading portfolio of Customer Relationship Management (CRM) software for communications companies and other enterprise sectors, for approximately US$200 million in cash. This acquisition combines industry leading best-in-class CRM functionality with Amdocs renown integration and delivery capabilities, positioning Amdocs as the world's leading provider of CRM to the communications industry and reinforcing its leadership position in delivering the industry's most comprehensive portfolio of business software applications. "Clarify completes the Amdocs CRM product suite, enabling us to deliver the only pre-integrated CRM, billing and order management solution and stand-alone Communications CRM offering with proven support for communications providers," said Avi Naor, President and Chief Executive Officer of Amdocs Management Limited. "With Amdocs' extensive product set, communication-specific functionality and powerful delivery capabilities, we are offering the number one CRM solution for major communications providers worldwide. CRM is mission-critical for communications providers' success and the combined Amdocs Clarify offering and knowledgebase virtually guarantees unprecedented return on investment, allowing providers to build and maintain customer loyalty, manage customer growth and retention and ultimately increase profitability. Additionally, Amdocs will establish long-term relationships with new strategic customers." Amdocs will tightly integrate Clarify's business as part of Amdocs' new CRM division and configure it to Amdocs' successful business model that combines service and solutions. In addition, Amdocs will extend its industry-leading CRM offering as a best-in-class solution, retaining its focus on communications, while ensuring continued support to Clarify's enterprise customers. The Clarify team, in conjunction with Amdocs expertise, positions Amdocs as the world's most widely installed communications CRM solution. "We have already seen interest in our combined solution. Amdocs is expanding in all areas including product, employees, customers and partners. Clarify capabilities are integral to our business, as we maintain our focus on the communications market, with a strong commitment to service and support for enterprise customers," concluded Naor.
Amdocs Clarify CRM Suite will provide the most reliable CRM solution in the industry. Amdocs Clarify CRM Suite integrates front office and business management applications, providing a consolidated view of all customer interactions with a single database for complete lifecycle customer management. Clarify expands the Amdocs customer base with over 1,300 customers, including over 250 service providers supported by a global presence from offices throughout North America, Europe and Asia, and strengthens relationships with existing Amdocs customers. AMDOCS LIMITED Amdocs is the world's leading provider of CRM, billing and order management systems to the communications industry. Amdocs has an unparalleled success record in project delivery of its mission-critical products. With human resources of more than 8,600 information systems professionals, Amdocs supports a global customer base. For more information visit our Web site at www.amdocs.com. This news release may contain certain forward-looking statements as defined under the Securities Act of 1933, as amended, including statements about Amdocs' growth and business results. Although we believe the expectations reflected in such forward-looking statements are based on 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 mobile, wireline and IP business segments, adverse effects of market competition, rapid technological shifts that may render the company's products and services obsolete, potential loss of a major customer, and risks associated with operating businesses in the international market. The forward-looking information is within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934, and subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are described in greater detail in Amdocs' filings with the Securities and Exchange Commission. * Nortel Networks is a trademark of Nortel Networks. CONTACTS: Amdocs Thomas G. O'Brien, 314/212-8328 info@amdocs.com or Porter Novelli for Amdocs Greg Kalish, 212/601-8470 Fax: 212/601-8101 gkalish@porternovelli.com