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BRIEF-Cadian Capital Management announces its support for the spin-off of Comverse Inc

Oct 9 (Reuters) - Cadian capital Management LLC

* Cadian capital Management announces its support for the spin-off of Comverse Technology Inc

* Source text Cadian Capital believes the terms of the spin-off are fair and reasonable to and in the best interests of CTI's shareholders.

In May 2012, Cadian Capital entered into an agreement with CTI regarding the composition of the Boards of Directors of CTI, its majority-owned subsidiary Verint Systems, Inc., and CNS and agreed to vote in favor of the planned spin off of CNS to CTI's shareholders, provided the terms of the spin-off were fair and reasonable to and in the best interests of CTI's shareholders.

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