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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