Profinit, a Czech-based data science and software engineering firm, has been acquired by Amdocs, a global leader in software and services for the communications industry.

Profinit has deep expertise in custom software development, data management, data science and AI. With a team of over 500 software developers, data engineers, and mathematicians, the company serves clients in banking, insurance, fintech, pharma, telecom, and utilities. In 2023, Profinit generated a turnover of €37 million.

Profinit will maintain its existing brand and service quality while expanding through new opportunities as Amdocs Studios’ European hub. To support this role, Profinit is accelerating recruitment efforts to enhance its capacity and capabilities.

Profinit CEO Pavel Jíhlavec stated: “We are thrilled to join Amdocs, a company that shares our commitment to innovation, quality, and customer success. This move opens new opportunities for our employees and clients alike, who will benefit from Amdocs’ global expertise and resources.”

Amdocs CEO Shuky Sheffer stated: “To further extend our position as a leader in data, AI and Gen AI, we recently completed the acquisition of Profinit, a data science, engineering and intelligence company based in the Czech Republic. This acquisition is an important building block in our offering, particularly our Data and GenAI services capabilities, helping us to address the rapidly growing demand for data, AI and Gen AI services in telecom and beyond.“

Riki Efraim-Lederman, Division President of Amdocs Studios, added: “Profinit’s exceptional team and robust services portfolio will enhance our ability to deliver cutting-edge solutions and support our clients, particularly in Europe, as they navigate their digital transformation journeys.”

Amdocs last year reported $5 billion in annual revenue and serves over 400 customers across 90 countries—including major global telecom providers such as AT&T, T-Mobile, Deutsche Telekom, Orange, and Vodafone.