| [June 24, 2008] |
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Excelcomindo Expands Capabilities with Comverse SMSC to Handle Growing SMS Text Messaging Service in Indonesia
WAKEFIELD, Mass. --(Business Wire)-- Comverse, the world's leading supplier of software and systems enabling network-based multimedia enhanced communication and billing services, today announced that Indonesian wireless operator Excelcomindo, with more than 19 million subscribers, has selected Comverse for a major SMSC expansion to handle its rapidly growing personal and application-related text messaging needs and to be able to quickly implement new SMS services.
Dian Siswarini, Director of Network at Excelcomindo said, "After voice, SMS is the highest revenue-generating service in our market, accounting for nearly 30% of total revenue. We are currently experiencing a dramatic, rapid expansion of our user base and we are also working to increase our market share, so it is mission-critical for us that our SMSC provides superior performance. Comverse SMSC meets our demanding requirements in terms of its capacity and ability to handle extreme usage during peak hours, and in terms of ability to support our roadmap vision to improve the messaging experience by adding exciting SMS services. Comverse also met our requirement for fast time to market to enable us to handle heavy holiday messaging traffic."
A market leader deployed by hundreds of operators all over the globe, Comverse SMSC's highly flexible multi-layered environment supports IP-based networks and is ready for IMS.
Eitan Achlow, President of the Comverse Asia Pacific (APAC) Division said, "Comverse SMSC is ideally suited help this rapidly expanding operator achieve its goals of providing the best possible value and user experience for its current users and for the many millions of new subscribers it expects to gain in the coming years. Comverse looks forward to working closely with Excelcomindo to increase its success in its marketplace and to fulfill its vision of bringing to life innovative SMS services and applications that boost user satisfaction and sharpen its competitive edge."
About Excelcomindo
XL is a major cellular provider in Indonesia and majority owned by TM International Bhd through Indocel Holding Sdn Bhd (83.8%). The remaining stakes are held by Emirates Telecommunications Corporation (Etisalat) International Indonesia Ltd., a wholly owned subsidiary of Etisalat (16%) and the public (0.2%)
About Comverse
Comverse is the world's leading provider of software and systems enabling network-based messaging and content value-added services, prepaid, postpaid and 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 Communication(SM) portfolio facilitates personalized lifestyles in an evolving connected world and is based on the InSight(TM) 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 Comverse include: the results of the investigation of the Special Committee, of the Board of Directors concluded on January 28, 2008, of matters relating to Comverse's stock option grant practices and other accounting matters; the impact of any restatement of financial statements of Comverse or other actions that may be taken or required as a result of such investigation or as result of Comverse's VSOE evaluation; Comverse's inability to file reports with the Securities and Exchange Commission; the effects of the delisting of Comverse's Common Stock from NASDAQ and the quotation of Comverse'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 Comverse's ability to relist its Common Stock on NASDAQ; risks relating to alleged defaults under Comverse's ZYPS indentures, including acceleration of repayment; risks of litigation (including the pending securities class action and derivative lawsuits and any potential civil injunctive action by the Securities and Exchange Commission) and of governmental investigations or proceedings arising out of or related to Comverse's stock option practices or any other accounting irregularities or any restatement of the financial statements of Comverse, including the direct and indirect costs of such investigations and restatement; changes in the demand for Comverse's products; changes in capital spending among Comverse'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 Comverse or its competition; risks associated with rapidly changing technology and the ability of Comverse to introduce new products on a timely and cost-effective basis; aggressive competition may force Comverse to reduce prices; a failure to compensate any decrease in the sale of Comverse's traditional products with a corresponding increase in sales of new products; risks associated with changes in the competitive or regulatory environment in which Comverse 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, investments in auction rate securities, 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 Comverse's ability to retain existing personnel and recruit and retain qualified personnel. Comverse undertakes no commitment to update or revise forward-looking statements except as required by law.
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