January 22, 2008
Comverse Receives INTERNET TELEPHONY® Magazine�s 10th Annual Product of the Year Award Comverse MyCall® Converged Communications Recognized for Outstanding Innovation
WAKEFIELD, MA, January 22, 2008 � Comverse (News - Alert) announced today that Technology Marketing Corporation�s (TMC®) INTERNET TELEPHONY magazine (www.itmag.com) has named its MyCall® Converged Communications solutions for VoIP-based fixed-mobile convergence (FMC) services as a recipient of its 2007 Product of the Year Award. INTERNET TELEPHONY has been the VoIP Authority Since 1998�.
Comverse MyCall Converged Communications enables operators to deliver consumer telephony and messaging across users� PCs, home phones and mobile devices with a single, unified customer interface and address book. It also enables operators to offer attractive, cost-effective voice, video and messaging service bundles. Subscribers benefit from a single user interface on their PC or mobile or fixed phone to access all communication and messaging services, such as telephony, SMS, MMS, IM and Presence. The same number can be used to call all devices with a shared contact list, and all services can use the same service provider billing mechanism.
�We are pleased to receive this award from Internet Telephony (News - Alert), as further evidence of the market leadership of our MyCall Converged Communications solutions," commented Ramesh Barasia, President of Comverse Americas. "With MyCall, service providers can develop multiple service delivery strategies across various networks and truly integrate converged communication service bundles that are customized to consumer lifestyles. The flexibility of using messaging and telephony services seamlessly across multiple devices and screens creates stronger customer loyalty to service providers.Comverse has proven they are committed to quality and excellence while addressing real needs in the marketplace."
"INTERNET TELEPHONY is pleased to grant a 2007 Product of the Year Award to their MyCall Converged Communications solutions," said Rich Tehrani, TMC (News - Alert) President and Editor-in-Chief of INTERNET TELEPHONY magazine. "We�re proud to honor their hard work and accomplishments and look forward to more innovative solutions from Comverse in the future."
A full list of Product of the Year winners will be published in the February, 2008 issue of INTERNET TELEPHONY magazine. (www.itmag.com)
Comverse is the world�s leading provider of software and systems enabling network-based messaging and content value-added services, converged billing and IP communications. Comverse solutions generate revenues, strengthen customer loyalty and improve operational efficiency for over 500 communication service providers in more than 130 countries. The company's Total CommunicationSM portfolio facilitates personalized lifestyles in an evolving connected world and is based on the InSight� Open Services Environment. Comverse�s solutions support flexible deployment models, including in-network, hosted and managed services, and can run on circuit-switched, VoIP, IMS and converged network environments. Comverse is a subsidiary of Comverse Technology, Inc. (CMVT.PK). For more information, visit www.comverse.com.
All product and company names mentioned herein may be registered trademarks or trademarks of Comverse or the respective referenced company(s).
This release contains �forward-looking statements� under the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. There can be no assurances 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 results of the investigation of the Special Committee, appointed by the Board of Directors on March 14, 2006, of matters relating to the company�s stock option grant practices and other accounting matters, including errors in revenue recognition, errors in the recording of deferred tax accounts, expense misclassification, the possible misuse of accounting reserves and the understatement of backlog; the impact of any restatement of financial statements of the company or other actions that may be taken or required as a result of such investigation or as result of the company�s VSOE evaluation; the company�s inability to file reports with the Securities and Exchange Commission; the effects of the delisting of the company�s Common Stock from NASDAQ and the quotation of the company�s Common Stock in the �Pink Sheets,� including any adverse effects relating to the trading of the stock due to, among other things, the absence of market makers; risks relating to the company�s ability to relist its Common Stock on NASDAQ; risks relating to alleged defaults under the company�s ZYPS indentures, including acceleration of repayment; risks of litigation (including the pending securities class action and derivative lawsuits) and of governmental investigations or proceedings arising out of or related to the company�s stock option practices or any other accounting irregularities or any restatement of the financial statements of the company, including the direct and indirect costs of such investigations and restatement; risks related to Verint Systems Inc�s. merger with Witness Systems (News - Alert), Inc., including risks associated with integrating the businesses and employees of Witness; risks associated with integrating the businesses and employees of the Global Software Services division acquired from CSG Systems (News - Alert) International, Netcentrex S.A. and Netonomy, Inc.; 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; the risk of declines in information technology spending; 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. The company undertakes no commitment to update or revise forward-looking statements except as required by law.