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 sunrise, the leading independent telecommunications provider in Switzerland, has implemented the Comverse InSight(TM) Open Services Environment. The InSight Open Services Environment helps operators succeed in the competitive communications arena by enabling the rapid and cost-effective deployment of a wide variety of communication and content services from Comverse and third parties across all types of networks and devices. Operators can choose from a portfolio of ready-to-launch services including rich-media messaging, video applications, content solutions, call management, personalization and voice applications. The next-generation, open, IP-based architecture separates the application from the data, access, and OSS/BSS layers, enabling the use of shared components, increased modularity, and greater capacities - significantly reducing capital and operational costs. "InSight supports our vision to provide our customers with an increasing range of personalized communication services on their preferred device, whether mobile, fixed or PC," said Kurt Luscher, COO Mobile at sunrise. "Proven deployments at operators around the world along with InSight's advanced next-generation architecture and technologies clinched our decision." "We are pleased to welcome sunrise to the expanding group of operators who are moving to the InSight Open Services Environment," said Gadi Bahat, President of Comverse EMEA Division. "InSight's extensive and evolutionary roadmap is designed to meet the needs of today's operators." About sunrise sunrise is the leading independent telecommunications provider in Switzerland. More than 2.2 million customers enjoy the benefits of sunrise mobile, fixed network, and Internet services. Thanks to the modern GSM dual-band network in Switzerland, sunrise provides mobile phone coverage to more than 99 percent of the population. A wide range of high-quality voice and data services are provided via a high-performance fiber optic network with a total length of more than 7000 kilometers. As a founding member of the Starmap Mobile Alliance, an association of leading European mobile communications providers, sunrise offers its customers access to first-class services even while they are abroad. sunrise is the brand name of TDC Switzerland AG. The TDC Group owns 100% of the share capital of TDC Switzerland AG. 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(TM) 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 the 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 website, 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.