CMVT Comverse Technology, Inc. (MM)

Comverse, a unit of Comverse Technology, Inc. (NASDAQ: CMVT), and the world's leading supplier of software and systems enabling network-based multimedia enhanced communication services, today announced that VIVO has implemented Comverse's Voicemail, including its "Who Called"(TM) application adapted to VIVO's needs, to expand its product portfolio for subscribers in Brazil. "VIVO has been offering its subscribers the most advanced and innovative solutions in terms of technology and services worldwide. Our purpose is to overcome users' expectations and surprise them with developed solutions, consolidating the leadership of VIVO as an innovative carrier. Solutions offered by Comverse contribute to these results," stated Javier Rodriguez, Vice-President of Technology of VIVO. "We are pleased to expand our relationship with VIVO, by implementing Comverse's Voicemail and ImPact(TM) Call Completion solutions. This suite of services from our Total Communication portfolio offers a broad set of opportunities for VIVO and enables revenue generation through enhanced services applications such as "Who Called"," stated Javier Jimenez, General Manager and Vice President, Latin America, Comverse. "Our relationship with VIVO makes us the leading provider of voicemail services in Brazil, and is a testament to the quality of our products and services." Comverse's ImPact Call Completion Suite is a collection of value-added applications intended for mass-market deployment, such as Smart Call, Connect Me and Notify Me applications, and are designed to increase average revenue per user (ARPU). Call completion and management services can be extended to all network subscribers (whether or not they are voicemail subscribers) as well as to subscribers of other networks. ImPact Call Completion applications are intuitive and simple to use, require little subscriber education or marketing effort, and produce quick results. ImPact applications can be deployed quickly with little or no additional hardware, providing operators with the ability to realize an attractive return on investment. The "Who Called" application recovers lost calls that result from hang-ups during periods when a subscriber's handset is turned off or out of range. It extends the operator's regular Caller ID service by recording and reporting this lost information. By delivering information to subscribers that they would not have gotten previously, the "Who Called" application generates phone calls that otherwise would not be made, quickly becoming a popular and heavily utilized enhanced service. About VIVO VIVO, a joint brand-name venture between Spain's Telefonica Moviles and Portugal Telecom, is the largest mobile service operator in the Southern Hemisphere with more than 24 million subscribers and 46 percent market share in Brazil. Today, the operator serves 19 Brazilian states and the Federal District, which represents 86 percent of the national territory and generates 83 percent of the nation's Gross Domestic Product. VIVO's technology choice is CDMA, which is the underlying technology for third-generation mobile networks worldwide. For more information about VIVO, visit its website at http://www.vivo.com.br/. About Comverse Comverse, a unit of Comverse Technology, Inc. (NASDAQ: CMVT), is the world's leading provider of software and systems enabling network-based multimedia enhanced communication services. These value-added enhanced services solutions, along with the company's real-time billing solutions, comprise the company's Total Communication portfolio. Comverse's Total Communication portfolio addresses four primary categories: call completion and call management solutions; advanced messaging for groups, communities and person-to-person communication; solutions and enablers for the management and delivery of data and content-based services; and real-time billing and account management solutions for dynamic service environments. Other Comverse Technology business units include: Verint Systems, a leading provider of analytic software-based solutions for communications interception, networked video security and business intelligence; and Ulticom, a leading provider of service enabling signaling software for wireline, wireless and Internet communications. Comverse Technology is an S&P 500 and NASDAQ-100 Index company. For additional information, visit the Comverse Web site at www.comverse.com or Comverse Technology's Web site at www.cmvt.com. All product and company names mentioned herein may be registered trademarks or trademarks of Comverse or the respective referenced company(s). Note: This release may contain "forward-looking statements" under the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. There can be no assurances that forward-looking statements will be achieved, and actual results could differ materially from forecasts and estimates. Important factors that could cause actual results to differ materially include, among others: risks associated with integrating the business and employees of GSS division of CSG Systems, International; changes in the demand for the Company's products; changes in capital spending among the Company's current and prospective customers; the risks associated with the sale of large, complex, high capacity systems and with new product introductions as well as the uncertainty of customer acceptance of these new or enhanced products from either the Company or its competition; risks associated with rapidly changing technology and the ability of the Company to introduce new products on a timely and cost-effective basis; aggressive competition may force the Company to reduce prices; a failure to compensate any decrease in the sale of the Company's traditional products with a corresponding increase in sales of new products; risks associated with changes in the competitive or regulatory environment in which the Company operates; risks associated with prosecuting or defending allegations or claims of infringement of intellectual property rights; risks associated with significant foreign operations and international sales and investment activities, including fluctuations in foreign currency exchange rates, interest rates, and valuations of public and private equity; the volatility of macroeconomic and industry conditions and the international marketplace; risks associated with the Company's ability to retain existing personnel and recruit and retain qualified personnel; and other risks described in filings with the Securities and Exchange Commission. These risks and uncertainties, as well as others, are discussed in greater detail in the filings of the Company with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. These documents are available through the Company, or its Web site, www.cmvt.com, or through the SEC's Electronic Data Gathering Analysis and Retrieval system (EDGAR) at www.sec.gov. The Company makes no commitment to revise or update any forward-looking statements in order to reflect events or circumstances after the date any such statement is made.