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 an expanded suite of converged billing solutions to support the evolving needs of wireline, wireless, broadband and content service providers. Following its recent acquisition of the GSS (Kenan) Division of CSG, Comverse's billing portfolio now includes Converged Billing, Prepaid, Postpaid, Mobile Payments, Revenue Settlements, Electronic Recharging, Roaming, Mediation, Application Integration and Self Care solutions. This comprehensive offering enables service providers to manage multiple services across all stages of the customer lifecycle, maximize the value from all customer interactions and provide real-time processing at scale. Comverse's expanded billing portfolio supports real-time customer management and offers future-proof solutions that meet the ever changing needs of subscribers. Real-time customer management enables service providers to segment the market based on customer needs, and to capture the exact moment when subscribers are ready to make a purchase. Comverse's converged solutions provide operators with a proven end-to-end solution that supports any network, any service, any location and any payment type, and which are designed to improve operator ARPU by rapidly testing and launching new offerings while improving customer acquisition and retention. "Comverse has a proven track record of successful billing implementations around the world," said Howard Woolf, Group President, Converged Billing Solutions, Comverse. "Our billing solutions leverage our extensive knowledge and expertise to provide our customers with the ability to connect to their subscribers, based on real-time information, and scale their business to manage any number of subscribers while increasing revenues and improving loyalty." Frost and Sullivan awarded Comverse the Competitive Strategy Leadership Award in the World Communication Billing Market for 2006. The citation stated, "In 2005, Comverse took large steps towards complete convergent billing with the acquisition of the GSS or Kenan assets from CSG Systems. This acquisition will make Comverse one of the first billing vendors to have extensive prepaid and postpaid billing capabilities." 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(TM) 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.