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Comverse Positioned as a Leader for Third Consecutive Year in Gartner Magic Quadrant for Integrated Revenue and Customer Management for CSPs

WAKEFIELD, Mass., Nov. 5, 2014 (GLOBE NEWSWIRE) -- Comverse (Nasdaq:CNSI), a global leader in telecom and enterprise business monetization, today announced the company has been positioned for the third consecutive year in the "Leaders" Quadrant by Gartner Research in its 2014 Magic Quadrant for Integrated Revenue and Customer Management (IRCM) for CSPs report, published October 20, 2014.

Gartner defines IRCM Magic Quadrant "Leaders" as vendors that perform profitably, grow their revenue and have a presence in all major markets; have above-average functionality, with leading-edge technology and scalability; engage in innovative projects and activities, carefully listening to their customer base; and engage in understanding the underlying and emerging patterns/trends in revenue and customer management activities, and direct their R&D resources and investments.

"Communications Service Providers and Digital Enterprises continue to be challenged with identifying innovative new ways to monetize their services and grow their businesses in an increasingly competitive landscape," said Denis Bernaert, Senior Vice-President, Managing Director BSS Business Unit at Comverse. "Our mission at Comverse is to enable our clients' success through a range of services that help them maximize their revenue realization while delivering new value to their customer base. We're honored that Gartner has again recognized Comverse as an industry leader based on our completeness of vision and ability to execute, and plan to continue delivering advanced products and services that help our clients stay ahead of their market's ongoing evolution."

Based on rigorous analysis backed by structured methodologies, Gartner's IRCM Magic Quadrant evaluates technology providers' abilities and strategies to help organizations make business-critical technology decisions based on core product functionality (including traditional billing, charging and customer care features) as well as key adjunct functionality.

About Gartner's Magic Quadrant

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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.