Amdocs Acquires Sourced Group
March 15, 2021
Amdocs acquired Sourced Group, a Toronto-based cloud transformation consultancy, in mid-March 2021 for approximately $75 million in cash (with potential additional earnout consideration). The acquisition strengthens Amdocs' cloud transformation capabilities and expands its services for communications, media and other enterprise customers across North America, Asia-Pacific and Australia.
- Buyers
- Amdocs
- Targets
- Sourced Group
- Industry
- IT Services
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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