Nortel Networks is selling all of its Clarify assets to Amdocs Limited for about $200 million in cash. Clarify is a developer of customer relationship management applications.

Under terms of the agreement, Nortel Networks will sell substantially all assets used in the Clarify portfolio, including patents, intellectual property and trademarks, to Amdocs Limited. Existing customer contracts will be assumed by Amdocs Limited, as well as certain leased office space. The transaction is expected to close in the fourth quarter of 2001. The boards of directors of both companies have approved the transaction. The completion of the transaction is subject to customary regulatory approvals.

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