updated 11/4/2010 11:15:31 PM ET 2010-11-05T03:15:31

ORLANDO, Fla., Nov. 4, 2010 (GLOBE NEWSWIRE) -- Embracing new growth drivers to compensate for declining revenues from traditional services, communications service providers (CSPs) are gearing up to diversify their portfolios. Success can be accelerated by adopting new value-chain partners and business models, according to Comverse executives and experts speaking at the TM Forum Management World Americas 2010 telecom conference, November 9-11, 2010 in Orlando, Florida.

"CSPs can reposition themselves for robust growth by transforming BSS into a strategic asset through smart monetization of new business models: broadband data, cloud computing, machine-to-machine applications and beyond. This is a key focus of Comverse® ONE Billing and Active Customer Management," said Garrison Macri, Senior Vice President, North America of Comverse, the world's leading supplier of software and systems enabling value-added messaging and content services, converged billing and active customer management, and IP communications, who will be opening the New Business ModelsSummit at the event.

"Even in these challenging times, operators can thrive. Comverse's portfolio of BSS, Mobile Internet and Value-Added Services aligns well with the theme for this year's conference: Beating the Revenue Crunch: Smart Pipes. Smart Services. Smart Business," continued Macri. "Comverse is dedicated to unleashing the value of networks, creating opportunities for CSPs to diversify their revenue-generating portfolio to drive growth."

Visitors to TM Forum Management World Americas 2010 are invited to meet with our experts to learn more about how Comverse's portfolio can ensure a profitable growth future. Please e-mail billinginfo@comverse.com to arrange a meeting with Summit Chair, Garrison Macri, or Alice Bartram, Associate Vice President of Marketing, Billing & Active Customer Management, who will be chairing the Summit's opening segment, "Revenue Growth and Management," on Tuesday, November 9th at 2:00. 

About Comverse ONE Billing and Active Customer Management

The Comverse ONE Billing and Active Customer Management solution bridges a carrier's IT organization with its network operations. It also unifies sales, marketing, ordering, billing and customer management around a single data model and provides full convergence across any network, any service, any content and any payment type. By centralizing customer information, eliminating integration points, and delivering a single marketing-driven product catalog, the Comverse ONE BSS offering enables operators to quickly introduce and monetize new services, while providing a consistent and interactive customer experience regardless of customer touchpoint. It turns a business support system into a strategic asset allowing operators to profit from market opportunities faster than ever.

About TM Forum

With more than 700 corporate members in 195 countries, TM Forum is the world's leading industry association focused on enabling best-in-class IT for service providers in the communications, media and cloud service markets. The Forum provides business-critical industry standards and expertise to enable the creation, delivery and monetization of digital services.

TM Forum brings together the world's largest communications, technology and media companies, providing an innovative, industry-leading approach to collaborative R&D, along with wide range of support services including benchmarking, training and certification. The Forum produces the renowned international Management World conference series, as well as thought-leading industry research and publications.

About Comverse

Comverse is the world's leading provider of software and systems enabling value-added services for voice, messaging, mobile Internet and mobile advertising; converged billing and active customer management; and IP communications. 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, hosted and managed services, and can run on circuit-switched, IP, IMS or converged network environments. Comverse is a subsidiary of Comverse Technology, Inc. (CMVT.PK).  For more information, visit www.comverse.com .

The Comverse Technology logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7454

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. Important factors that could affect the statements contained herein include: 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; and risks associated with rapidly changing technology and the ability of the company to introduce new products on a timely and cost-effective basis. The company undertakes no commitment to update or revise forward-looking statements except as required by law.

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