Digitel Selects Comverse's Real-Time Billing Solution in Venezuela

Business Wire, Oct 1, 2007

WAKEFIELD, Mass. -- Comverse, a subsidiary of Comverse Technology, Inc. and the world's leading supplier of software and systems enabling network-based multimedia enhanced communication and billing services, today announced that Corporacion Digitel, C.A., Venezuela's only GSM mobile operator, will expand its use of Comverse Billing Solutions and deploy Comverse's Real-Time Billing Solution (RTBS) for its prepaid requirements. Upon launch, Digitel will utilize Comverse billing solutions to manage all of its subscribers, regardless of payment type.

"In Digitel we devote ourselves to fulfill the customers' needs, and by using Comverse solutions we remain leaders and the most innovative mobile operator in the Venezuelan market," said Federico Santarelli, Systems Vice President of Digitel. "It was this way of thinking, plus our past experience with Comverse's Kenan([R]) billing solution that led us to select the Comverse Real-Time Billing Solution. We believe that Comverse Real-Time Billing will significantly increase our customer acquisition and retention."

Comverse's Real-Time Billing solution serves as a strategic marketing engine for mobile operators by offering advanced personalization capabilities, a la carte service plan customization and self-care to enable operators to increase revenues, profitability and long-term loyalty from subscribers. The solution brings new flexibility to the billing environment with its extensible architecture.

"Digitel's selection of the Comverse Real-Time Billing solution is a natural extension of their commitment to subscribers' needs," said Ramesh Barasia, President of Comverse Americas. "We are pleased to support Digitel to gain a sustainable competitive edge and maneuver through the rapidly changing Venezuelan telecom landscape. Comverse's expansive reach in Latin America reflects the interest in our cost-effective solutions for service providers from various markets throughout the region."

About Digitel

Digitel is the only GSM network operator in Venezuela and is one of the most innovative telecommunication companies of the country. Digitel provides access to public, fixed and mobile phone systems and the Internet; allowing people in the most remote areas of the country to have access

to communication and the newest technology, reducing the technological gap. For more information, please visit www.digitel.com.ve

About Comverse

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 Communication(SM)portfolio facilitates personalized lifestyles in an evolving connected world and is based on the holistic 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 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; 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 alleged defaults under the company's ZYPS indentures, including acceleration of repayment; risks of litigation (including pending securities class actions 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 the effects of Verint Systems Inc's. merger with Witness Systems, 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 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; 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 revise or update forward-looking statements except as required by law.