Press Release
Comverse Receives Highest Possible Overall Rating From Leading Industry Analyst Firm
February 02, 2009 | WAKEFIELD, Mass. | Print
Comverse recently received the highest possible vendor rating from industry analyst firm Gartner, Inc., for providing billing and customer management services to telecom carriers.
The “very strong” rating was based on Gartner’s extensive evaluation of 12 Business Support System (BSS) vendors. (Dataquest Insight: Business Support System Market Overview and Strategic Scorecard for Vendors, 2008 by Norbert J. Scholz, December 5, 2008)
"As a recognized leader in billing and active customer management solutions for telecom carriers, Comverse supports customers to drive revenues, particularly with the ability to introduce new services and service bundles in a very fast timeframe,” said Gabriel Matsliach, General Manager of Billing and Active Customer Management at Comverse, the world's leading supplier of software and systems enabling network-based billing and value-added messaging and content services. “We are proud of this very favorable rating on our flagship product, the Comverse® ONE™ Billing & Active Customer Management solution.”
An electronic version of the Gartner report, “Dataquest Insight: Business Support System Market Overview and Strategic Scorecard for Vendors, 2008” is available online at www.comverse.com/billingbssmarkettrends/ .
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, mobile advertising 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 product portfolio facilitates personalized lifestyles in an evolving connected world and is based on the InSight™ 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.
The Gartner Scorecard report is copyrighted 2008 by Gartner, Inc., and is reused with permission. The Scorecard report is a representation of a marketplace at and for a specific time period. It depicts Gartner’s analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the report and does not advise technology users to select only those vendors with a "Very Strong" rating. The Scorecard report is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. The Gartner report is available upon request from Comverse.
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 of the Board of Directors concluded on January 28, 2008, of matters relating to the Company’s stock option grant practices and other accounting matters; 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 or as result of the Company’s evaluation of the application of GAAP in connection with the recognition of revenue; 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 the Company’s ability to relist its Common Stock on NASDAQ; risks relating to alleged defaults under the Company’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 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; 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, 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 the Company’s ability to retain existing personnel and recruit and retain qualified personnel. The Company undertakes no commitment to update or revise forward-looking statements except as required by law. ###
CONTACTS: Investors/Business Press: Paul D. Baker Comverse Technology, Inc. 810 7th Ave New York, NY 10019 (212) 739-1060 Industry Press: Steve Eisenberg Comverse, Inc. steve.eisenberg@comverse.com (732) 652-4712
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