Bridgewater Systems akan Diakuisisi oleh Amdocs

AsiaNet 45121

OTTAWA, Ontario, Kanada, 17 Juli 2011, /CNW-AsiaNet/ —

Bridgewater Systems (TSX: BWC), (“Bridgewater” atau “Perseroan”)
perusahaan terkemuka dunia dalam kontrol broadband cerdas, hari ini mengumumkan
telah sepakat untuk diakuisisi oleh Amdocs Limited (NYSE: DOX) melalui rencana
pengaturan seharga tunai C$8,20 per lembar saham (“Pengaturan”), dengan menilai
Perseroan ini sekitar C$211 juta. Perjanjian ini tunduk pada persetujuan
pemegang saham Bridgewater, persetujuan pengaturan, dan syarat-syarat penutupan
lainnya serta diharapkan akan ditutup dalam waktu kira-kira 90 hari.

“Menjadi bagian dari Amdocs akan memungkinkan kami mempercepat strategi
pertumbuhan korporat kami, yang berpusat pada perluasan di seluruh dunia,
memungkinkan transformasi ke jaringan konvergen generasi mendatang, inovasi
portfolio dan solusi, serta meningkatkan dasar kami yang telah ada,” kata Ed
Ogonek, Presiden dan CEO Bridgewater. “Sinergi alami antara portofolio produk
dan solusi Bridgewater dan Amdocs, ditambah dengan dasar pelanggan tingkat
pertama dan keberadaan global Amdocs, akan memberikan solusi pengalaman
pelanggan inovatif yang dimungkinkan tatacara kepada penyedia jasa di seluruh
dunia.

“Akuisisi ini akan mengandalkan kepemimpinan Amdocs dalam menyampaikan
solusi inovatif yang mengubah paradigma pasar. Ini melanjutkan strategi kami
mendukung penyedia jasa karena mereka ingin mengubah bisnisnya dalam
mengantisipasi berbagai peluang pasar baru seperti 4G dan antar mesin, serta
merespon ancaman yang jelas, seperti lonjakan data,” ujar Presiden Amdocs
Group, Brian Shepherd.

Dewan Direksi Bridgewater, setelah menerima rekomendasi Komite Strateginya
serta berkonsultasi dengan penasihat keuangan dan hukumnya, telah menetapkan
bahwa Pengaturan ini merupakan kepentingan terbaik Perseroan dan para pemegang
sahamnya serta merekomendasikan agar para pemegang saham Bridgewater
menyetujuinya. Jefferies & Company, Inc. yang bertindak sebagai penasihat
keuangan Dewan Direksi dan Komite Strategi telah memberikan pendapat bahwa
pertimbangan persetujuan yang akan diterima oleh pemegang saham Bridgewaster
adalah wajar, dilihat dari sudut pandang keuangan untuk pemegang saham
Bridgewater. Salinan lengkap pendapat tersebut akan ditambahkan pada surat
edaran wakil manajemen mengenai Pengaturan tersebut.

Para direktur, pejabat senior dan pemegang saham institusional
Bridgewater, yang bersama-sama memegang sekitar 24,8% dan kumpulan saham biasa
Bridgewater yang diterbitkan dan beredar, telah mencapai kesepakatan dukungan
di mana mereka sepakat menyetujui Pengaturan tersebut. Selain itu, Crescendo
Partners II, L.P. Series MI dan Crescendo Partners III, L.P. (secara kolektif
“Crescendo Partners”) juga telah mencapai kesepakatan dukungan di mana mereka
sepakat menyetujui Pengaturan, yang perjanjiannya berhubungan dengan
pengumpulan 2.650.400 saham biasa yang dimiliki oleh Crescendo Partners, yang
mewakili sekitar 10,5% dari saham biasa Bridgewater yang beredar.

“Transaksi ini adalah kepentingan terbaik para pemegang saham dan
mendapatkan dukungan penuh dari Dewan Direksi, manajemen senior dan pemegang
saham utama,” kata Terry Matthews, Ketua Dewan Direksi Bridgewater. “Transaksi
ini memberi para pemegang saham likuiditas segera dan nilai yang wajar bagi
sahamnya. Selanjutnya, bergabung dengan pemimpin pasar internasional besar di
Amdocs akan menciptakan peluang pertumbuhan baru bagi Bridgewater untuk
keuntungan para pelanggan dan pekerjanya.

Rincian Transaksi Tambahan

Pertimbangan tunai sebesar C$8,20 per lembar saham yang akan diterima para
pemegang saham mewakili premi 30% atas harga saham penutupan Bridgewater
sebesar C$6,33 dan premi 33% atas harga perdagangan rata-rata tertimbang volume
selama 20 hari sebesar C$6,17 di Toronto Stock Exchange pada tanggal 16 Juni
2011.

Kesepakatan ini menyediakan, antara lain, biaya terminasi jika Pengaturan
tidak diselesaikan pada keadaan tertentu. Syarat-syarat Pengaturan akan
diringkas dalam surat edaran wakil manajemen Bridgewater, yang diharapkan dapat
diajukan dan dikirim kepada para pemegang saham pada pertengahan bulan Juli.
Pengaturan ini akan tunduk, antara lain, pada persetujuan setidaknya 66% suara
pada rapat khusus pemegang saham Bridgewater sebagai bahan pertimbangan
Pengaturan. Selain itu, Pengaturan akan tunduk pada kondisi tertentu yang
lazim, termasuk persetujuan pengadilan, persetujuan pengaturan yang relevan,
serta tidak adanya efek materi merugikan yang berkaitan dengan Perseroan.

Transaksi ini diharapkan akan ditutup pada kuartal ketiga tahun 2011,
terlepas dari kepuasan dan berbagai kondisi penutupan tertentu.

Jefferies & Company, Inc. bertindak sebagai penasihat keuangan eksklusif
untuk Bridgewater dalam transaksi ini.

Tentang Bridgewater Systems

Bridgewater Systems, perusahaan terkemuka di bidang kontrol broadband
cerdas, memberikan solusi yang telah terpadu sebelumnya bagi operator telepon
selular dan konvergen untuk mengubah jaringan mereka, mengoptimalkan
pertumbuhan data mobile, dan berinovasi dengan layanan baru. Portfolio produk
berkelas operator Bridgewater meliputi Service Controller (AAA), Policy
Controller (PCRF), dan Home Subscriber Server (HSS), yang diatur oleh identitas
umum dan sistem perangkat manajemen. Lebih dari 150 penyedia jasa terkemuka di
dunia memanfaatkan Bridgewater untuk menciptakan dan menyampaikan layanan yang
menguntungkan kepada pelanggan, perusahaan, cloud dan pasar mesin. Untuk
informasi lebih lanjut, kunjungi kami di www.bridgewatersystems.com.

Bridgewater, Bridgewater Systems, logo Bridgeswater Systems, Widespan,
SmartCaps, dan Subscriber Data Broker adalah beberapa merek dagang atau merek
dagang yang telah terdaftar di Bridgewater System Corporation. Seluruh
perusahaan lainnya, nama produk dan merek dagang yang telah terdaftar atau
belum terdaftar digunakan hanya untuk tujuan identifikasi, dan tetap menjadi
hak eksklusif masing-masing pemiliknya.

Tentang Amdocs

Amdocs adalah perusahaan terkemuka di bidang sistem inovasi pengalaman
pelanggan. Perusahaan ini menggabungkan bisnis dan sistem operasional jasa,
platform layanan pengiriman, layanan jasa dan keahlian dalam bidang industri
untuk memungkinkan penyediaan layanan untuk pelanggannya agar dapat lebih
terhubung di dunia. Penyedia layanan penawaran bantuan Amdocs memiliki model
bisnis baru, membedakan melalui pengalaman personal pelanggan dan pengoperasian
yang lancar. Perusahaan global dengan pendapatan fiskal sekitar $3,0 miliar
pada tahun 2010, Amdocs memiliki lebih dari 19.000 pekerja dan pelanggan di
lebih dari 60 negara di seluruh dunia. Untuk informasi lebih lanjut, kunjungi
Amdocs di www.amdocs.com.

Pernyataan Berwawasan ke Depan

Rilis media ini meliputi pernyataan berwawasan ke depan dalam lingkup
proposal untuk mengakuisisi Bridgewater yang berlandaskan hukum. Setiap
penjelasan yang bukan merupakan fakta historis dapat dianggap penjelasan yang
tidak benar. Penyelesaian transaksi yang diajukan ini diatur oleh syarat dan
kondisi tertentu tanpa batasan, termasuk: (i) persetujuan pemegang saham
Bridgdewater, (ii) persetujuan pengadilan, dan (iii) hak terminasi tertentu
untuk pihak lain di bawah Perjanjian Pengaturan. Kemungkinan persetujuan ini
tidak diperoleh, maka kondisi lain untuk transaksi mungkin tidak sesuai dengan
persyaratannya, dan/atau pihak Perjanjian Pengaturan dapat melaksanakan hak-hak
mereka untuk memberhentikan, maka transaksi yang diajukan dapat dimodifikasi,
direstrukturisasi atau dihentikan. Para pembaca diingatkan untuk tidak
mempercayai penjelasan yang tidak benar. Hasil yang aktual dan perkembangannya
mungkin berbeda secara materi dan penjelasan ini bergantung kepada beberapa
hal; antara lain, resiko pihaknya tidak akan melanjutkan transaksi, syarat
transaksi yang berbeda dan transaksi tersebut tidak berhasil untuk alasan
apapun (termasuk kegagalan untuk memperoleh persetujuan yang dibutuhkan).
Bridgewater tidak berminat dan menolak kewajiban apapun, kecuali diwajibkan
oleh hukum untuk memperbaharui atau merevisi penjelasan yang tidak benar
sebagai hasil dari informasi yang baru, kejadian di masa mendatang ataupun
sebaliknya

SUMBER: Bridgewater Systems

/KONTAK: Investor Relations,
Kim Butler,
Chief Financial Officer,
Bridgewater Systems,
kim.butler@bridgewatersystems.com,
+1 613-591-9104 extension 6023;

Craig Armitage,
The Equicom Group Inc.,
carmitage@equicomgroup.com,
+1 416-815-0700 extension 278;

Media Relations,
Ann Hatchell,
Director,
Product and Solutions Marketing,
Bridgewater Systems,
Ann.Hatchell@bridgewatersystems.com,
+1 613-591-9104 extension 2030;

David Sharpley,
Senior VP, Marketing,
Product Management & Channels,
Bridgewater Systems,
David.Sharpley@bridgewatersystems.com,
1 613-591-9104 ext: 2121

(BWC.)


Bridgewater Systems to Be Acquired by Amdocs
OTTAWA, Ontario, Canada, July 17th, 2011, /CNW-AsiaNet/ —

Bridgewater Systems (TSX: BWC), (“Bridgewater” or the “Company”) the global leader in intelligent broadband controls, today announced that it has entered into a definitive agreement to be acquired by Amdocs Limited (NYSE: DOX) through a plan of arrangement for C$8.20 per share in cash (the “Arrangement”), valuing the Company at approximately C$211 million. The agreement is subject to Bridgewater shareholder approval, regulatory approval and other closing conditions and is expected to close within approximately 90 days.

“Becoming part of Amdocs would enable us to accelerate our corporate growth strategy, centered around global expansion, enabling the transformation to next generation converged networks, portfolio and solution innovation, and leveraging our installed base,” said Ed Ogonek, President and CEO, Bridgewater. “The natural synergies between the Bridgewater and Amdocs product and solution portfolios, coupled with Amdocs’ extensive tier 1 customer base and global presence, would unleash innovative, policy-enabled customer experience solutions to service providers worldwide.”

“This acquisition would build on Amdocs’ leadership in delivering innovative solutions that change market paradigms. It is a continuation of our strategy to support service providers as they seek to transform their businesses in anticipation of new market opportunities like 4G and machine-to-machine, and in response to clear threats, such as the data explosion,” said Amdocs Group President, Brian Shepherd.

Bridgewater’s Board of Directors, after receiving the recommendation of its Strategy Committee and consulting with its financial and legal advisors, has unanimously determined that the Arrangement is in the best interest of the Company and its shareholders and to recommend that Bridgewater shareholders vote in favour of it. Jefferies & Company, Inc. acting as financial advisor to the Board of Directors and the Strategy Committee has provided an opinion that the consideration to be received by Bridgewater shareholders is fair, from a financial point of view, to Bridgewater shareholders. A complete copy of the opinion will be appended to Bridgewater’s management proxy circular in respect of the Arrangement.

The directors, senior officers and certain institutional shareholders of Bridgewater, holding together approximately 24.8% in the aggregate of the issued and outstanding common shares of Bridgewater, have entered into support agreements under which they have agreed to vote in favour of the Arrangement. In addition, Crescendo Partners II, L.P. Series MI and Crescendo Partners III, L.P. (collectively “Crescendo Partners”) have also entered into support agreements under which they have agreed to vote in favour of the Arrangement, which agreements relate to an aggregate of 2,650,400 common shares beneficially owned by Crescendo Partners, which represent approximately 10.5% of the outstanding common shares of Bridgewater.

“This transaction is in the best interest of our shareholders and has the full support of the Board of Directors, senior management and key shareholders,” said Terry Matthews, Chairman of Bridgewater’s Board of Directors. “It provides shareholders with immediate liquidity and fair value for their shares. Furthermore, joining a large, international market leader in Amdocs would create new growth opportunities for Bridgewater for the benefit of its customers and employees.”

Additional Transaction Details

The cash consideration of C$8.20 per share to be received by shareholders represents an implied premium of 30% to Bridgewater’s closing share price of C$6.33 and an implied premium of 33% to the 20-day volume weighted average trading price of C$6.17 on the Toronto Stock Exchange as at June 16, 2011.

The definitive agreement provides for, among other things, a termination fee if the Arrangement is not completed in certain specified circumstances. The terms and conditions of the Arrangement will be summarized in Bridgewater’s management proxy circular, which is expected to be filed and mailed to Bridgewater shareholders in mid-July. The Arrangement will be subject, among other things, to the approval of at least 66% of the votes cast at a special meeting of Bridgewater shareholders to be called to consider the Arrangement. In addition, the Arrangement will be subject to certain customary conditions, including court approval, relevant regulatory approvals and the absence of any material adverse effect with respect to the Company.

The transaction is expected to close during the third quarter of 2011, subject to the satisfaction or waiver of various closing conditions.

Jefferies & Company, Inc. is acting as exclusive financial advisor to Bridgewater on this transaction.

About Bridgewater Systems

Bridgewater Systems, the leader in intelligent broadband controls, provides pre-integrated solutions for mobile and converged operators to transform their networks, optimize mobile data growth, and innovate with new services. The Bridgewater portfolio of carrier-grade products includes Service Controller (AAA), Policy Controller (PCRF) and Home Subscriber Server (HSS), anchored by a common identity and device management system. More than 150 leading service providers worldwide leverage Bridgewater to create and deliver profitable services to consumer, enterprise, cloud and machine markets. For more information, visit us at www.bridgewatersystems.com.

Bridgewater, Bridgewater Systems, the Bridgewater Systems logo, WideSpan, Smart Caps, and Subscriber Data Broker are trademarks or registered trademarks of Bridgewater Systems Corporation. All other company, product names and any registered and unregistered trademarks mentioned are used for identification purposes only and remain the exclusive property of their respective owners.

About Amdocs

Amdocs is the market leader in customer experience systems innovation. The company combines business and operational support systems, service delivery platforms, proven services and deep industry expertise to enable service providers and their customers to do more in the connected world. Amdocs’ offerings help service providers explore new business models, differentiate through personalized customer experiences and streamline operations. A global company with revenue of approximately $3.0 billion in fiscal 2010, Amdocs has over 19,000 employees and serves customers in more than 60 countries worldwide. For more information, visit Amdocs at www.amdocs.com.

Forward-Looking Statements

This media release includes certain forward-looking statements within the meaning of applicable securities laws relating to the proposal to acquire Bridgewater. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements. The completion of the proposed transaction is subject to a number of terms and conditions, including, without limitation: (i) required Bridgewater shareholder approval, (ii) necessary court approvals, and (iii) certain termination rights available to the parties under the Arrangement Agreement. These approvals may not be obtained, the other conditions to the transaction may not be satisfied in accordance with their terms, and/or the parties to the Arrangement Agreement may exercise their termination rights, in which case the proposed transaction could be modified, restructured or terminated, as applicable. Readers are cautioned not to place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risks that the parties will not proceed with a transaction, that the ultimate terms of the transaction will differ from those that are currently contemplated, and that the transaction will not be successfully completed for any reason (including the failure to obtain any required approvals). Bridgewater does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

SOURCE Bridgewater Systems

/CONTACT: Investor Relations,
Kim Butler,
Chief Financial Officer,
Bridgewater Systems,
kim.butler@bridgewatersystems.com,
+1 613-591-9104 extension 6023;

Craig Armitage,
The Equicom Group Inc.,
carmitage@equicomgroup.com,
+1 416-815-0700 extension 278;

Media Relations,
Ann Hatchell,
Director,
Product and Solutions Marketing,
Bridgewater Systems,
Ann.Hatchell@bridgewatersystems.com,
+1 613-591-9104 extension 2030;

David Sharpley,
Senior VP, Marketing,
Product Management & Channels,
Bridgewater Systems,
David.Sharpley@bridgewatersystems.com,
1 613-591-9104 ext: 2121

(BWC.)