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Fortune 500 Company Selects Comverse for Global Enterprise Billing Consolidation

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WAKEFIELD, Mass., July 17, 2014 (GLOBE NEWSWIRE) -- Comverse (Nasdaq:CNSI), a global leader in enterprise and telecom business enablement today announced that a premier provider of global enterprise core services that support digital entertainment, secure government & financial data transport, as well as healthcare & retail operations over advanced IP-optimized networks has selected the Comverse Kenan FX for Enterprise solution to consolidate multiple lines of businesses, integrate diverse corporate acquisitions and streamline expansion into new areas of opportunity.

"With a substantial portfolio of industry-leading products and services, including data, voice, video, content, security, cloud and IT services to the world's top enterprise businesses, banks, federal agencies, cable providers, telecom providers, ISPs, broadcast networks, and social networking sites, this global provider requires the most comprehensive and nimble BSS solution available," commented Robert Barrows, Comverse Enterprise and Subscription-Based Billing Global Leader.

Monetization of the Digital Economy

"Comverse has been an essential partner and trusted advisor to this customer, a global digital service provider, for more than a decade, and this expanded relationship will enable us to facilitate monetization of the digital economy across a growing range of fields – digital entertainment, law, manufacturing, government, education, retail, finance, healthcare, media and beyond. Comverse's evolved, proven Kenan FX technology positions our customer for rapid growth into profitable new areas of opportunity in the connected world," Barrows said.

Fast-Track Launch of Innovative Products and Services

Drawing from unparalleled expertise gained from extensive Comverse Kenan and Comverse BSS experience worldwide, Comverse Agile Enterprise Billing comprehensive rating and billing capabilities are engineered to enable service providers to increase efficiency, cut costs and smartly monetize telecom, PayTV, fixed broadband, enterprise and e-commerce lines of business.

Comverse Kenan FX flexibly addresses the complete range of BSS needs, from simple subscription scenarios to the most complex digital-age requirements – such as contracts for multiple services, sophisticated enterprise account hierarchies, SLAs and bulk operations. Easy configuration fast-tracks the launch of innovative products and services. Comverse in-network and SaaS models position dynamic digital enterprises to rise quickly to new levels of business success.

Learn more about optimizing recurring revenues and delivering more rewarding customer experiences with Comverse agile enterprise solutions.

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 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 April 16, 2014 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: Thomas Sabol Comverse, Inc. thomas.sabol@comverse.com +1-781-224-8200

Source:Comverse, Inc.