Amdocs Joins the LF Deep Learning Foundation as a Founding Member providing Data Tools, Mapping and Models to Advance AI in the Media and Communications Industry

LOS ANGELES, March 28, 2018 (GLOBE NEWSWIRE) -- Open Network Summit -- Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today announced that it has become a founding member of the LF Deep Learning Foundation, an umbrella organization that will support and sustain open source innovation in artificial intelligence, machine learning, and deep learning, which is led by the Linux Foundation.  As part of the LF Deep Learning launch earlier this week, the Linux Foundation also announced the Acumos AI Project, a platform for the development, discovery, and sharing of artificial intelligence (AI) models and AI workflows.

Amdocs has been making advances in the use of AI to enrich customer journeys for many years and is well positioned to deliver a valuable contextual understanding to the Acumos Project.  This unique perspective comes from a combination of customer experience and network expertise, as well as from the entertainment and media segments through its media division that works with over one thousand content creators and distributors world-wide.  Amdocs brings an understanding from content consumers, distributors and carriers that work with Amdocs to deliver billions of customer journeys a day.

The Acumos project enables innovation in AI through open source and aims to make AI widely accessible to companies with an interest in AI and machine learning, while being customizable to meet specific needs. The group of members will work to create a common platform and standard for the exchange of machine learning solutions allowing them to enhance their products with AI and transform the media and communications landscape.

“AI is breaking new ground as a major disrupter within the communications and media industry, so initiatives like Acumos are vital as they bring together an ecosystem of innovators that will shake up our industry for the better,” said Anthony Goonetilleke, group president of Amdocs Technology. “By joining Acumos, Amdocs is able to both contribute to and leverage the unique code and open source tools made available by other collaborating, leading platform players. This means AI applications will be made more broadly accessible to service providers, content developers and industries charged with building enterprise applications that will run our increasingly digital society.”

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About Amdocs

Amdocs is a leading software and services provider to the world’s most successful communications and media companies. As our customers reinvent themselves, we enable their digital and network transformation through innovative solutions, delivery expertise and intelligent operations. Amdocs and its 25,000 employees serve customers in over 85 countries. Listed on the NASDAQ Global Select Market, Amdocs had revenue of $3.9 billion in fiscal 2017. 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 the Company's filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2017 filed on December 11, 2017 and our quarterly 6-K form furnished on February 12, 2018.