Comverse ONE Real-Time Billing Solution Goes Live at VimpelCom/Beeline

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WAKEFIELD, Mass., Oct. 8, 2013 (GLOBE NEWSWIRE) -- Comverse (Nasdaq:CNSI), the global leader in telecom business enablement, announced full transition to the Comverse ONE® Real-Time BSS solution by VimpelCom, one of the largest integrated telecommunications services operators in the world. This major upgrade positions the VimpelCom Beeline brand to enhance the customer experience, reduce operating expenses and address new revenue opportunities.

Comverse's proven delivery methodology ensured smooth deployment of the solution, efficiently completing the migration of the real-time billing systems of all Russian and CIS divisions of VimpelCom Russia (Beeline brand) to the new Comverse ONE platform.

"We selected Comverse ONE with two aims. First, improve the usability and enhance the functionality of our services to customers. Second, provide additional functionality and flexibility of our pricing offering to the market. Now we have powerful and future-proof charging tool with more features and large potential," said Ilya Axelrod, Director of Network Development, VimpelCom Russia. "In light of the ever-evolving technological landscape, market conditions and customer expectations, upgrading to the Comverse ONE solution has given us instruments we need to energize the customer experience, boost profitability and maintain our competitive edge."

The Comverse solution provides VimpelCom with market-proven in-network prepaid billing capabilities that span authorization, rating, charging, balance management, and configurable notifications. Advanced real-time revenue and offer management capabilities increase marketing agility and enable an enhanced personalized customer experience: more flexible data plan options, bonus programs, enhanced group accounts for corporate clients, real-time account visibility and spend control and more.

"In the 4G/ all-IP era, an expanding powerhouse like VimpelCom requires highly scalable and available real-time rating ability to make the most of any service, event and transaction – M2M, RCS, cloud, data, advanced analytics, robust linkage to the social media and beyond," notes Denis Bernaert, Senior Vice President, Managing Director, EMEA at Comverse. "A key element of our broad Comverse portfolio, Comverse ONE BSS is a strategic asset that ensures VimpelCom's readiness for market innovation, rich new services and seamless entry into new markets – all while delivering significant efficiency gains. This successful launch with Comverse serving as the prime contractor builds on the strong foundation of our long-term relationship with Vimpelcom. We look forward to an enhanced thriving partnership as this dynamic market leader and pacesetter gears up to embrace new opportunities."

About VimpelCom

VimpelCom is one of the world's largest integrated telecommunications services operators, providing voice and data services through a range of traditional and broadband mobile and fixed technologies in Russia, Italy, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Armenia, Georgia, Kyrgyzstan, Laos, Algeria, Bangladesh, Pakistan, Burundi, Zimbabwe, Central African Republic and Canada. VimpelCom's operations around the globe cover territory with a total population of approximately 753 million people. VimpelCom provides services under the "Beeline", "Kyivstar", "djuice", "Wind", "Infostrada" "Mobilink", "Leo", "banglalink", "Telecel", and "Djezzy" brands. As of June 30, 2013 VimpelCom had 215 million mobile subscribers on a combined basis.

About Comverse

Comverse is a leading global provider of telecom business solutions that enable communication service provider success in the hyper-connected world through service innovation and smart monetization. The company's proven and innovative product portfolio includes BSS, Policy Management (PCRF) and Enforcement and Digital & Value Added Services – all backed by Managed and Professional Services. Comverse's extensive customer base spans more than 125 countries with solutions successfully delivered to over 450 communication service providers serving more than two billion subscribers. Comverse's solutions are available in a variety of delivery models, including on-site, cloud, hosted/SaaS and managed services. For more information, visit www.comverse.com.

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 filed with the SEC on May 16, 2013 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: VimpelCom Contact: Anna Aybasheva VimpelCom Press-secretary +7 (495) 725-07-08 media@beeline.ru Comverse Contact: Sheila Ennis ICR for Comverse, Inc. 203-682-8338 sheila.ennis@icrinc.com

Source:Comverse, Inc.