updated 5/19/2011 8:16:32 AM ET 2011-05-19T12:16:32

WAKEFIELD, Mass., May 19, 2011 (GLOBE NEWSWIRE) -- The Comverse® ONE™ Billing & Active Customer Management solution is in the spotlight at TM Management World 2011. Comverse will be present at the conference to demonstrate how its solution, a finalist for the TM Forum Solution Excellence Award, can facilitate effective business transformation powering Communication Service Provider (CSP) ecosystems to do more, faster – with significant cost savings.

"Comverse ONE is a standout at the conference because it is ahead of the industry in so many ways," said Roni Levy, Head of the BSS Business Unit at Comverse. "As the first single-system convergent BSS solution on the market that shares a complete view of prospect, customer, and product information, across critical business functions that span IT and the network (including policy management and enforcement), it can dramatically increase revenue opportunities, business agility and slash TCO.

"Moreover, having recently received TM Forum's Business Process Framework (eTOM) certification, Comverse ONE is recognized for leveraging standards to offer an optimized delivery process that significantly reduces deployment cost, time and risk by minimizing customization. Having refined our deployment approach through numerous convergent launches, Comverse is uniquely positioned to help operators streamline business transformation projects and realize ongoing cost savings," added Levy. "In light of the above, it is a fitting honor to be a finalist for the TM Forum Solution Excellence Award."

Comverse BSS solutions support more than 750 million active subscribers across 85 countries for more than 200 telecom service providers — including many of the world's largest.

Visitors at TM Management World May 23-26, 2011, in Dublin, Ireland, are invited to meet with Comverse experts to learn how to leverage BSS convergence for effective business transformation to achieve tangible cost reduction and increased consumer satisfaction while expanding the possibilities for new revenue generation at every moment of opportunity.

To schedule a meeting, contact liz.rivera@comverse.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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