Vonage announces amendment to licensing pact with Amdocs
Vonage Network LLC, an indirect, wholly-owned subsidiary of Vonage Holdings (NYSE: VG) and Amdocs (NYSE: DOX), entered into a First Amending Agreement to the License and Managed Services Agreement dated as of December 23, 2009 between Vonage Network and Amdocs. Under the Agreement, Amdocs is licensing software and providing services to provide the company with enhanced ordering and billing capabilities to better suit the needs of the business. Among the changes, the Amendment supplements a pricing schedule to provide for additional fees expected to be incurred in connection with an expansion of the scope of the Original Agreement to reflect the evolution of the Company?s product strategy since the execution of the Original Agreement.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.