Amdocs Media’s Vindicia and Vimeo Extend Long-Term Engagement to enable Vimeo’s global SaaS video platform
March 08 2021 - 6:00AM
Vindicia, part of the Amdocs (NASDAQ: DOX) Media Division and a
leader in business-to-consumer digital services monetization, today
announced extending its long-standing engagement with Vimeo.
Vindicia provides Vimeo with a complete subscription management and
retention solution to maximize customer lifetime value and business
agility.
As part of this agreement, Vimeo will continue
to use Vindicia services to enhance monetization of their
subscription and one time purchase services. Vindicia offers
cloud-based, SaaS solutions that provide the scalability and
flexibility to continue supporting Vimeo’s global growth.
“Vindicia has supported us since our early days,
understands our business needs, and we are happy they will continue
to support and enable our business,” said Craig Wert, Senior Vice
President, Finance, Vimeo.
“We are extremely pleased to support the growth-related needs of
video content platform providers such as Vimeo as they drive higher
subscription growth globally while providing a frictionless
customer experience and intelligence-based tools and best
practices,” said Darcy Antonellis, Head of Amdocs Media. “With the
extension of our long-term relationship with Vimeo, we remain
committed and focused to deliver Vindicia’s cloud-based SaaS
portfolio to retain and grow Vimeo’s user base via extended
personalized offerings throughout their entire customer
lifecycle.”
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About Amdocs
Amdocs’ purpose is to enrich lives and progress
society, using creativity and technology to build a better
connected world. Amdocs and its 26,000 employees partner with the
leading players in the communications and media industry, enabling
next-generation experiences in 85 countries. Our cloud-native, open
and dynamic portfolio of digital solutions, platforms and services
brings greater choice, faster time to market and flexibility, to
better meet the evolving needs of our customers as they drive
growth, transform and take their business to the cloud. Listed on
the NASDAQ Global Select Market, Amdocs had revenue of $4.2 billion
in fiscal 2020. 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 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 Amdocs’ filings with the Securities and Exchange
Commission, including in our Annual Report on Form 20-F for the
fiscal year ended September 30, 2020 filed on December 14, 2020 and
our Form 6-K furnished for the first quarter of fiscal 2021 on
February 16, 2021.
Media Contacts:
Linda HoriuchiAmdocs Public RelationsTel: +1
(646) 581-2568E-mail: linda.horiuchi@amdocs.com
Emily HoltPAN Communications for AmdocsEmail:
Amdocs@pancomm.com
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