AutoTrader.com Selects Comverse's Kenan(R) FX Billing And Customer Care Solution To Enhance Online Experience
05 Aprile 2006 - 1:00PM
Business Wire
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 AutoTrader.com, the Internet's
leading auto classifieds marketplace and consumer information
website, has selected Comverse's Kenan(R) FX billing and customer
care solution. The solution selected by AutoTrader.com includes
rating and billing functionality, web-based customer self-care and
electronic bill presentment and payment. The Kenan FX framework
allows AutoTrader.com to better serve the 40,000 dealers and
250,000 private owners who advertise vehicles to the site's
audience of more than 11 million qualified shoppers each month.
AutoTrader.com selected Comverse's Kenan(R) FX billing and customer
care solution as a configurable billing system to support and
respond to rapid customer growth and demands for increasingly
sophisticated functionality. "Comverse's Kenan billing solution
will help us to deliver extraordinary advertising value to our
customers," said Dan Crowe, Chief Information Officer,
AutoTrader.com. "We view billing as a key part of our marketing,
sales and service efforts, and the Kenan system is flexible enough
for us to align our billing approach with these other core elements
of the AutoTrader.com value proposition." "AutoTrader.com is a
leading and trusted online marketplace dedicated to responding to
customer demands and continually improving online services," said
Ramesh Barasia, President of Comverse Americas. "Our partnership
with AutoTrader.com demonstrates once again that Comverse's Kenan
billing solutions are robust and flexible enough to support the
billing of complex transactions for a wide variety of business
environments." About AutoTrader.com AutoTrader.com, created in 1997
and headquartered in Atlanta, Ga., is the Internet's leading auto
classifieds marketplace and consumer information website.
AutoTrader.com aggregates in a single location more than 2.8
million vehicle listings from 40,000 dealers and 250,000 private
owners, which provide the largest selection of vehicles attracting
more than 11 million qualified buyers each month. Through
innovative merchandising products such as multiple photos and
comprehensive search functionality, AutoTrader.com unites buyer and
seller online - dramatically improving the way people research,
locate and advertise vehicles. AutoTrader.com is a majority-owned
subsidiary of Cox Enterprises. Other investors include ADP, Inc.
and the venture capital firm Kleiner Perkins Caufield & Byers.
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.
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