Advised Brite:Bill, a personalised billing experience and customer engagement platform for global service providers, on its sale to Amdocs
Sep 2016
acquired by
  • Sector: Systems & Deep Tech
  • Deal Type: Strategic Deals; Founder-led Businesses; Venture Capital Exits
  • Engagement type: Sellside
  • Size: <$200m
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Arma Partners is pleased to announce that it has acted as financial advisor to Brite:Bill on its sale to Amdocs (NasdaqGS:DOX).

Founded in 2010, Brite:Bill is headquartered in Dublin, Ireland, and backed by Delta Partners, Enterprise Ireland, Investec Ventures and other angel investors and founders. Brite:Bill has been named a “Cool Vendor” by Gartner and serves global Tier 1 customers such as Rogers, Sprint and Vodafone. The company manages bill presentation for over $5 billion billing value per month.

Brite:Bill’s platform transforms the way service providers present and manage billing communications through personalised, targeted messages and content. The acquisition will strengthen Amdocs’ digital offerings and will allow Amdocs to leverage Brite:Bill’s dynamic personalisation and bill design expertise across its client base of global service providers.

This transaction illustrates Arma Partners’ expertise in the communication technology sub-segment and our long-standing track record of delivering successful cross-border deals with strategic acquirers.

– Brite:Bill is a Dublin-based personalised billing experience and customer engagement platform for global service providers

– Its technology takes structured documents and applies analytics, design and personalisation to elicit behavioural change and a positive outcome for both the service provider and customer

– Brite:Bill serves Tier 1 customers globally such as Rogers, Sprint, Vodafone, Tele2 and Eir and manages bill presentation for more than $5bn in bills per month

– Amdocs (NasdaqGS:DOX) provides customer experience software solutions to large communications, entertainment and media service providers

– Amdocs solutions include BSS, OSS, network control, optimisation and network functions virtualisation, coupled with professional and managed services

– Amdocs has more than 24,000 employees and serves customers in over 90 countries

– The acquisition will strengthen Amdocs’ digital offerings and will allow Amdocs to leverage Brite:Bill’s dynamic personalisation and bill design expertise across its client base of global service providers

– Under new strategic ownership, Brite:Bill will be able to leverage Amdocs’ large sales and marketing, partner and R&D infrastructure to continue to further refine its best-of-breed product while continuing to accelerate growth

– Arma helped Brite:Bill navigate strong inbound interest and coordinate counterparty interactions

– Arma supported Brite:Bill with financial analysis, strategic positioning, valuation, marketing materials preparation and interactions with both strategic buyers and private equity funds

– Overall, Arma assisted Brite:Bill in realising their strategic objectives, drawing on Arma’s expertise in the Communication technology sector