Earlier this week Amdocs (NASDAQ: DOX), a customer experience solutions provider, announced the acquisition of three privately-held companies for approximately $260 million in cash – Vindicia, a subscription billing firm; Brite:Bill, a billing communications platform; and Pontis, a digital customer engagement specialist. The acquisitions are in line with Amdocs’ digital strategy and will help them become a market leader in providing digital solutions to their customers.

“Communication and media service providers, including those with over-the-top offerings, are transforming to capture the world of on-demand services and digital immediacy. When combined with business-driven analytics behind the scenes, this ensures a simplified, intuitive and engaging customer experience,” said Eli Gelman, Amdocs Management Limited president and CEO, in a press release about the acquisition.

“These acquisitions, alongside Amdocs’ existing platforms which include multi-channel, digital care and commerce, customer management and big data analytics solutions, position Amdocs as the market leader to help communication and media providers on their journey. I am excited by these companies joining Amdocs, as their cloud-based technologies will augment Amdocs’ rich offering and shorten our time to market,” Gelman added.

Amdocs said the three companies were similarly priced for a grand total of approximately $260 million in cash, subject to adjustments. The acquisitions are estimated to yield 1.5 percent to 2.0 percent of the company’s total revenue for the fiscal year 2017. The company is not expecting the acquisition to have an impact on diluted non-GAAP earnings per share for the fiscal year 2017. Amdocs will provide more formal guidance when it reports its fiscal fourth quarter 2016 results in November.

Founded in 2003, the Silicon Valley-based Vindicia is a leading provider in cloud-based subscription billing and recurring revenue solutions. To date, they have processed more than $21 billion for clients around the world, providing those clients with more than $90 million annual incremental revenue. They work with clients like BBC, Lionsgate, Comic-Con International, Allrecipes and Vimeo.

Vindicia offers two strategic billing solutions: Vindicia Cash Box, a complete subscriber acquisition, billing and retention solution, and Vindicia Select, a customer retention solution that works with existing billing systems. According to Owler, Vindicia generates annual revenue of approximately $12.3 million. [Note: Vindicia is an event sponsor for Subscription Insider’s upcoming Payment Processing Bootcamp.]

Brite:Bill, based in Dublin, Ireland, focuses on using customer bills as an opportunity for engagement, creating personalized, digital and interactive billing experiences. Pontis, based in Tel Aviv, also concentrates on customer engagement, but through contextual interactions relevant to a customer’s journey with a particular service provider.

Based in Missouri, Amdocs has been in business for more than 30 years. It has more than 24,000 employees in over 90 countries. In fiscal year 2015, the company generated revenue of $3.6 billion. The company did not say how it would integrate the new acquisitions with its current products and services.

These acquisitions are just the latest in a long line of almost annual acquisitions including the most recent additions to the Amdocs family:

Insider Take:

Acquisitions are the name of the game and are often an efficient, affordable way for companies like Amdocs to expand. A $260 million cash purchase only amounts to 7.2 percent of Amdocs’ total annual revenue. During the third fiscal quarter of 2016, ended June 30, 2016, the company reported record quarterly revenue of $930 million, so the time was right for Amdocs to go shopping.