updated 5/3/2011 8:16:13 AM ET 2011-05-03T12:16:13

WAKEFIELD, Mass., May 3, 2011 (GLOBE NEWSWIRE) -- Comverse, a global leader in BSS, mobile Internet, and value-added services, announced today that LIME, the Caribbean's leading communications company and part of Cable & Wireless Communications, one of the world's foremost international communications companies, has selected Comverse® ONE™ Billing & Active Customer Management, as part of a global framework agreement. The selection will enable LIME to grow its multi-play offering, embrace mobile, broadband, fixed-line services, pay-TV, hosting and more.

"In our drive to provide the most complete offering at the best value, Comverse real-time billing and value-added services have served us well," said LIME's Chief Technology Officer, Patrick Bradd. "This major upgrade will advance our service to a higher level, giving our many lines of business new capabilities and a coherence that will translate into a compelling enhanced user experience unmatched in our marketplace. We value the fact that Comverse ONE will easily grow with us as the market evolves and we develop products and services to meet changing consumer needs."

The ability to use a single product catalog and a single rating engine for innovative cross-service bundles, rewards and real-time promotions for LIME's entire mobile subscriber base – prepaid and postpaid – will serve to accelerate time to market and increase charging accuracy and service personalization. Significant OPEX reduction will be achieved by efficiency in numerous aspects of operations, including servicing from just two centralized locations of the operator's entire coverage range across markets in multiple countries spread over a vast geographical area.

"This extensive strategic partnership optimizes benefits to C&W across regions on a global level. By providing a unified, converged BSS platform, Comverse ONE removes the complexities that inhibit the full potential of service convergence," said Lionel Chmilewsky, Senior Vice President, Head of Customer Facing Group at Comverse. "Giving the operator the agility to bring new service ideas from concept to reality cost-effectively and in record time opens new horizons that can boost user satisfaction. This helps cement the expanding relationship between users and the provider of their multi-play services."  

Click for more information about Comverse ONE Billing and Active Customer Management solution.    

About LIME / Cable & Wireless Communications

LIME is the Caribbean's largest telecommunications company with a proud history in the region, and is always working to improve life in the Caribbean. LIME delivers the very best communication services to governments, businesses and families in 14 Caribbean countries with a unifying promise: building, connecting and serving communities. LIME is part of Cable & Wireless Communications, one of the world's leading international communications companies. For more information visit www.lime.com .

About Comverse

Comverse is the world's leading provider of software and systems enabling converged billing and active customer management, mobile Internet, and value-added 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, hosted and managed services. Comverse is a subsidiary of Comverse Technology, Inc. (Pink Sheets:CMVT).  For more information, visit www.comverse.com .

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

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 Annual Report on Form 10-K for the fiscal year ended January 31, 2010 filed with the SEC on January 25, 2011 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

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

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