Comverse Names Ten Finalists for its Third Annual Innovation Awards

Business Wire, May 28, 2008

Winners Will Be Announced at the 2008 Comverse User Forum Next Week

WAKEFIELD, Mass. -- Comverse, the world's leading supplier of software and systems enabling network-based multimedia enhanced communication and billing services, today announced the top ten finalists for its Third Annual Innovation Awards. Five winners will be announced at the Comverse 2008 User Forum that will be held June 2-5 in Porto, Portugal.

The awards honor service providers who have creatively implemented a Comverse solution to achieve significant business results. Examples of innovative implementations include creative segmentation and marketing, unique technical deployments, outstanding launches and business models, significant increases in subscribers and revenues, and significant cost reductions. The awards program is organized in association with market research firm Yankee Group, in addition to other prominent figures in the telecom industry.

The ten finalists and their innovative use of Comverse solutions are:

* T-Mobile International, Germany, for a new standard voicemail by deploying Comverse Visual Voicemail on both new and legacy handsets via embedded device clients

* Airtel India for supporting its rapidly growing SMS services during peak times over geographically dispersed coverage territories by using the Comverse SMS Router

* Vodafone Italy for its implementation of a single platform to support multiple MVNOs using InSight[TM]

* Max Telecom, Bulgaria, for its launch of carrier-class SIP-based voice services over WiMAX using MyCall([R]) Converged Communications, IPCentrex and IP Trunking

* MegaFon and INcore, Russia, for the MegaFon ringback tone promotion implemented by INcore using Fun Dial[TM]

* StarHub, Singapore, for its successful iCare self-service using Comverse Consumer Self-Service Suite

* Telstra, Australia, for its IT transformation with large-scale migration of legacy billing systems to one converged platform using Comverse Billing Solution

* Mobile TeleSystems, Russia, for its rapid implementation of Comverse Real-Time Billing Solution that included the migration of approximately 34 million subscribers in just 8 nights (over the course of a month) from four different legacy systems

* Orange UK for its approach to self-service as a unified solution (based on a single platform) using the Comverse Consumer Self-Service Suite

* Kyivstar, Ukraine for its distinctive multiple services environment and delivery using the Comverse Mobile Internet Gateway

"The finalists were selected in association with independent research firm The Yankee Group from a large pool of extremely qualified applicants representing a diverse cross-section of customers, spanning all regions, tiers and lines of business," commented John Bunyan, Chief Marketing Officer at Comverse. "Their successful and innovative deployments reflect the versatility of Comverse's broad range of solutions, and underscore the inherent flexibility of our solutions to add significant value in support of the business needs of each operator. The Innovation Awards have become a highlight of our annual User Forum."

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.