CMVT Comverse Technology, Inc. (MM)

Comverse® (Nasdaq:CNSI), the global leader in business enablement through BSS, mobile Internet, value-added and managed services, announced today that it has been shortlisted for four of the nine Broadband Traffic Management Congress Awards for 2012. Comverse is the only solution vendor named to the shortlist for more than two awards.

The Broadband Traffic Management Congress Awards celebrate and give recognition to leaders in the traffic management industry for key achievements and notable advances in the field. These prestigious awards confer distinction upon winners and shortlisted companies for quality, innovation and leadership. The winners will be announced at the Global Broadband Traffic Management Conference in London on November 6, 2012.

The four categories in which the Comverse ONE® BSS and Comverse Mobile Internet solutions reached the finalist stage are:

• Most Innovative Tool for Driving Real-Time Intelligence
• Most Innovative New Service Launch Enabled By Traffic Management
• Best Real-Time Charging Platforms for Customers
• Best Integration of Traffic Management into OSS/BSS Architectures

The awards are independently judged by an esteemed panel of eminent analyst judges prioritizing quality, innovation and leadership.

"Being honored as a finalist in so many categories is a strong proof point of the innovativeness and end-to-end quality and capability of our portfolio," said Gabriel Matsliach, Senior Vice President and Chief Product Officer at Comverse. "We pioneered effective data monetization through tight integration between policy management, policy enforcement and BSS elements; we enabled a non-disruptive approach for CSPs to address real-time across postpaid ecosystems; and our Policy Studio has been winning key industry awards as the first-ever marketing-oriented policy creation tool – freeing marketers from IT complexity." 

"Innovation is a key factor continually augmenting the strength and depth of our unparalleled solution portfolio, and its revenue-generating value to service providers around the globe," concluded Matsliach.

Meet with Comverse in London November 6-8 and learn more about the Comverse Mobile Internet Data Management and Monetization solution, and how Policy Studio template-based plan creation can provide you with powerful new tools for attaining greater success with the Connected Customer Experience. 

About Comverse

Comverse is the world's leading provider of software and systems for business enablement through converged billing and active customer management, mobile Internet, value-added and managed services. Comverse's extensive customer base spans more than 125 countries and covers over 450 communication service providers serving more than two billion subscribers. The company's innovative product portfolio enables communication service providers to unleash the value of the network for their customers by making their networks smarter. Comverse's solutions support flexible deployment models, including in-network, cloud, hosted and managed services. Comverse is ranked number 55 in PwC's Global 100 Software Leaders based on research by Pierre Audoin Consultants.  For more information, visit www.comverse.com.

The Comverse Technology logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=13267

Statements included or incorporated by reference in this press release may contain "forward-looking statements." There can be no assurance that any forward-looking statements will be achieved, and actual results could differ materially from forecasts and estimates. Important factors that could affect the company include the risks described in the section entitled "Forward-Looking Statements" Item 1A, "Risk Factors" and elsewhere in the company's Registration Statement on Form 10 filed with the SEC on October 10, 2012 or in subsequently filed periodic, current or other reports. The company undertakes no commitment to update or revise forward-looking statements except as required by law.

CONTACT: Paul D. Baker
         Comverse Technology, Inc.
         paul.baker@cmvt.com
         (212) 739-1060