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Comverse Takes Revenue Management Into the Cloud at Dreamforce

Unveils World's First Truly Carrier-Grade Cloud Billing & Revenue Management Service Integrated With Salesforce

Announces New Kenan CX Cloud Offering to Expand Global Revenue and Monetization Opportunities for Service Providers and Enterprises

Key Takeaways:

  • The new Comverse Kenan Billing & Revenue Management Software-as-a-Service (SaaS) and cloud technology roadmap is being announced in tandem with the 2014 Dreamforce Conference in San Francisco, October 13-16.
  • The world's first cloud-based multi-tenant billing and monetization solution combines the core Kenan FX framework architecture with an extensive new cloud framework set to enhance revenue monetization opportunities for service providers and enterprises.
  • Advanced capabilities include 'X-Time' Event Charging & Billing, 'Subscription+' Advanced Subscription Services Management, Enterprise-Class Web Services, Services Mediation and more.
  • Comverse is showcasing the pre-integrated capabilities of the Kenan Billing & Revenue Management solution with Salesforce and best-of-breed partners in a demo at Dreamforce.

SAN FRANCISCO and WAKEFIELD, Mass., Oct. 14, 2014 (GLOBE NEWSWIRE) -- In tandem with the 2014 Dreamforce Conference, Comverse (Nasdaq:CNSI), a global leader in service provider and enterprise business enablement and monetization solutions, today announced a new services product offering: Comverse Kenan CX. Evolving its core Kenan FX billing software solution to be delivered as a cloud-based revenue & monetization management service, Kenan CX's rich new feature set enables service providers and enterprises of all types to deliver a superior customer experience, shortening the lead time for new lines of business through carrier-grade functionality and global scalability from the cloud.

Pre-integrated with Salesforce, Kenan CX takes Billing-as-a-Service (BaaS) to new levels beyond subscription management and usage-based billing. The Comverse Kenan CX revenue management and monetization solution provides a flexible service framework accessed via the Web that enables enterprises to design and deliver products & services the way their customers want them – as a subscription, per usage, or any combination of billing types and scenarios.

"Leveraging 20+ years of leading global billing experience, our customer-centric Kenan Enterprise billing solution, now infused with state-of-the-art Web services and financial management technology, creates a supercharged revenue management framework unlike any services offering on the market today," said Robert Barrows, VP, Head of Products & Strategy for Comverse Kenan. "What better place to unveil this game-changing advancement derived from a customer-centric strategy than Dreamforce, the world's largest customer-driven forum."

The Comverse Kenan CX technology roadmap includes a new state-of-the-art API set, onboarding functionality, revenue management framework, enhanced Web-based self-service and more as part of a detailed continuous plan of new offerings. The services can be provided as shared or dedicated service environments to support the increasing global privacy & regulation needs – often unpredictable – encountered by all industry types such as telecom, media, utilities, gaming, cloud services, transportation, and banking.

"Proven worldwide in a broad range of verticals, the Comverse Kenan Billing & Revenue Management solution, now available as a cloud-based service, is positioned to further drive enterprise growth by powering subscription & recurring plans, usage-based and hybrid billing for any combination of products and services with best-in-class customer care, order fulfillment and more," summed up Raman Abrol, SVP, Managing Director – Comverse Enterprise & Cloud Billing Business Unit.

For a preview of the Comverse Kenan Framework in action, schedule a visit to the Salesforce Industry Zone with Salesforce, Accenture, and Comverse Kenan at Dreamforce DF14.

Learn more about how to drive growth through better support for your business customers with Comverse enterprise and cloud-based solutions.

About Comverse

At the core of the evolution of how we communicate, exchange information and monetize the digital world, Comverse enables the creation and monetization of innovative digital services for telecom and enterprise service providers through its proven and innovative product portfolio that includes managed BSS and Policy (PCRF), Enterprise and Cloud Billing, 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.