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 and billing services, today announced that GCI (NASDAQ: GNCMA), Alaska's largest telecommunications provider, has deployed Comverse's Kenan(R) FX framework to provide convergent billing, customer care, ordering, and mediation across multiple services and networks. The Kenan FX rating and billing engine supports GCI's wireless, local, long distance and Internet services, and replaces multiple billing and back-office systems. The solution streamlines order management and fulfillment functions, immediately tracks and realizes revenue transactions, and supports seamless integration with third-party OSS systems. Consolidated customer care services provide call center representatives with a unified view of the customer, improving customer management and satisfaction. "Our goal is to support all customers with a single system across voice, wireless, Internet, cable, long distance and other services to deliver the best possible customer experience and to offer innovative bundled services as we grow," said Jim Dunlap, GCI's Vice President for Information Technology. "Kenan FX is enabling us to fulfill our goal by consolidating multiple billing, order and customer care systems into one." "GCI is leading the trend of operators who are moving to convergent billing and customer care systems to reduce costs and better serve their customers over time," said Ramesh Barasia, President, Comverse Americas Division. "Comverse is committed to delivering innovative solutions and expertise that enable our clients to drive customer value today and in the future." About GCI GCI (NASDAQ: GNCMA) is an Alaska-based integrated communication provider delivering voice, video and data services through its fiber optic, satellite, hybrid fiber coaxial and metropolitan area networks. More information about GCI can be found at www.gci.com. 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 and billing services. The company's Total Communication(SM) portfolio includes value-added messaging, personalized data and content-based services, and real-time converged billing solutions. Over 450 communication and content service providers in more than 120 countries use Comverse products to generate revenues, strengthen customer loyalty and improve operational efficiency. For additional information, visit the Comverse website at www.comverse.com or the Comverse Technology website 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: the results of the special committee, appointed by the Board of Directors on March 14, 2006, to review matters relating to the Company's stock option grants, including, but not limited to, the accuracy of the stated dates of option grants and whether all proper corporate procedures were followed; any restatement of financial statements of the Company or other actions that may be taken or required as a result of such reviews; 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 and Current Reports on Form 8-K. 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.