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4G Caribbean/Latin American Service Provider Selects Comverse ONE for Quad Play Converged BSS

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WAKEFIELD, Mass., June 3, 2013 (GLOBE NEWSWIRE) -- Comverse (Nasdaq:CNSI), the global leader in telecom business enablement, announced today that its flagship BSS solution, Comverse ONE®, was awarded a long-term contract for licenses and services from a key Caribbean/Latin American communication service provider (CSP).

The transition from the Comverse Kenan BSS solution to the Comverse ONE® Converged BSS solution, backed by Comverse Professional Services, will create a converged environment providing service continuity across all aspects of the CSP's multi-play business: wireless, wireline, Internet and cable. The conversion of cable television services to the Comverse ONE platform will allow the decommission a legacy solution, completing the migration of all of the CSP's consumer services to a single efficient converged platform that can provide significant cost savings and greater levels of personalized service and choice for customers.

The Comverse ONE solution facilitates introduction of additional lines of business and rich new IP-based services that can improve the experience of consumer and corporate customers in all sectors served by the CSP: tourism, commerce, government, financial, health, and more. The Comverse solution also provides enhanced support for the CSP's mobile virtual network operator (MVNO) plans.

"Comverse ONE Converged BSS was selected because it is field-proven across so many different communication and content product sets," said Raman Abrol, Managing Director, Caribbean and Latin America at Comverse. "With 18 installations going live globally in the last year alone, Comverse has emerged as a leading BSS vendor in the Caribbean and Latin America – in the forefront of pre-integrated customer-centric care, billing and convergent charging for service providers around the world with convergent offerings."

Moreover, Comverse ONE's open services-based APIs support ease of integration with an extended ecosystem, to benefit the CSP with new openness for connected business enablement and rapid integration of innovations that can help create a richer, more personalized user experience, boost revenue and sharpen the operator's competitive edge.

In an industry developing rapidly, the Comverse ONE BSS solution enables CSPs to evolve cost-effectively according to their needs. Existing Comverse Kenan customers can benefit from a proven upgrade toolkit that allows a smooth evolution to Comverse ONE.

Learn more about how Comverse BSS can help you gain the agility to keep pace with the rapidly changing needs and expectations of your customers and achieve your growth strategies.

About Comverse

Comverse® is a leading provider of telecom business enablement solutions that support service innovation and smart monetization through a rich portfolio of BSS, Data Management and Monetization, Digital Services, Value Added Services, IP Communications and Professional Services. Comverse's extensive customer base spans more than 125 countries and covers over 450 communication service providers serving more than two billion subscribers. The company's innovative product portfolio enables communication service providers to unleash the value of the network for their customers by making their networks smarter. Comverse's solutions are available in a variety of delivery models, including on-site, cloud, hosted and managed services. Comverse is ranked number 55 in PwC's Global 100 Software Leaders list. 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: Paul D. Baker Comverse, Inc. paul.baker@comverse.com (212) 739-1060

Source:Comverse, Inc.