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Comverse Announces New Release of Kenan FX

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WAKEFIELD, Mass., Aug. 14, 2013 (GLOBE NEWSWIRE) -- Comverse (Nasdaq:CNSI), the global leader in telecom business enablement, today announced a new release of the Comverse Kenan FX postpaid billing solution.

Following the most recent Kenan version made available in 2012, this new release supports rapid expansion into new service lines and business models such as WiFi offload, vouchers, and machine-to-machine (M2M). Other key highlights of the new release include virtualization to reduce CAPEX and enhanced support for enterprise and wholesale businesses. The release lays the groundwork for continued evolution, with additional releases planned to follow according to the roadmap.

"For new customers as well as for our global and diverse Kenan customer base with varying needs, we are continuing to invest to provide the appropriate evolution paths to support their continued business success," said Gabriel Matsliach, SVP, Chief Marketing & Product Officer at Comverse. "Some Kenan customers have made enhancements to their existing installation or have evolved to the most recent release; others extend their ecosystem with additional capabilities from Comverse such as real-time charging, or upgrade to full converged BSS."

"This new release is part of Comverse's continued commitment to enable all of our customers to maintain market leadership, boost profitability, and sharpen their competitive edge through innovation and cost reduction," commented Robert Barrows, Associate Vice President and Kenan Business Leader.

Schedule a meeting with a Comverse Kenan expert to find out more about how the new Comverse Kenan release and roadmap can help you achieve your goals.

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: Paul D. Baker Comverse, Inc. paul.baker@comverse.com (212) 739-1060

Source:Comverse, Inc.