CMVT Comverse Technology, Inc. (MM)

Comverse, a subsidiary of Comverse Technology, Inc. (NASDAQ: CMVT), and the world's leading supplier of software and systems enabling network-based multimedia enhanced communication and billing services, today announced the launch of its Quad Play Suite, a pre-integrated package combining IPTV middleware with fixed-mobile voice and video communication applications. Quad Play Suite provides a quick and cost-effective way for service providers to enter the quad play market, grow revenues and increase customer loyalty. The Comverse Quad Play Suite enables alternative fixed-line carriers, ISPs, MVNOs and other service providers to offer subscribers seamless access to personalized communication, entertainment and information services from a variety of devices, including fixed and mobile phones, TVs, and PCs. The comprehensive pre-integrated solution supports: Live TV, Video on Demand, NPVR, fixed/mobile telephony and video communication, instant messaging, presence, interactive video services, media center connectivity, digital rights management, integrated billing and rating, and more. The flexible offering enables service providers to create innovative personalized service bundles that match their subscribers' lifestyles. Based on Comverse's proven Netcentrex(TM) MyCall(R) voice and video over IP technology, the Quad Play Suite uses IP Multimedia Subsystem (IMS) architecture to enable seamless service convergence across wireless, wireline and cable networks. "While the potential of Triple and Quad Play to generate long-term profitability has been widely recognized, adoption has been limited by the high initial investment and complex integration of different components. The pre-integrated Quad Play Suite is designed to lower the entry barrier to the quad play market, making it easy and cost-effective for service providers to start offering quad play services today," states Olivier Hersent, CTO of Netcentrex Converged IP Communications, Comverse. "Our Quad Play solution enables service providers to increase revenues and customer loyalty by providing innovative bundles of personalized lifestyle services that can capture a greater share of the subscriber's communication and entertainment wallet." "Quad Play creates a stronger business case than Triple Play," said Tom Valovic, Program Director, IDC. "Consumers want personalized entertainment and communication services over any fixed or mobile network. Success for service providers therefore lies in the ability to offer bundles of IPTV, voice, video and mobility in packages designed for users personal interests and usage patterns." Live demos of the Quad Play Suite will be shown at the Comverse stand (#2.115) at IBC 2006 in Amsterdam, September 8-12. About Comverse Converged IP Communications Comverse Converged IP Communications provides IP-based voice and video solutions that enable communication service providers to deliver VoIP and FMC services for both consumer and enterprise markets. Comverse Converged IP Communications solutions leverage products and expertise from the acquisition of Netcentrex(TM), recognized for its leadership in the worldwide market for Class 5 application servers with 4 million VoIP lines in commercial service, as well as its rich portfolio of VoIP, IP Centrex, Triple Play and IMS solutions. About Comverse Comverse, a subsidiary of Comverse Technology, Inc. (NASDAQ: CMVT), is the world's leading provider of software and systems enabling network-based multimedia enhanced communication and billing services. The company's Total Communication(SM) portfolio includes value-added messaging, personalized data and content-based services, and real-time converged billing solutions. Over 450 communication and content service providers in more than 120 countries use Comverse products to generate revenues, strengthen customer loyalty and improve operational efficiency. For additional information, visit the Comverse website at www.comverse.com. All product and company names mentioned herein may be registered trademarks or trademarks of Comverse or the respective referenced company(s). Note: This release contains "forward-looking statements" under the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. There can be no assurances that forward-looking statements will be achieved, and actual results could differ materially from forecasts and estimates. Important factors that could cause actual results to differ materially include: the results of the review of the Special Committee, appointed by the Board of Directors on March 14, 2006, of matters relating to the Company's stock option grants, including, but not limited to, the accuracy of the stated dates of option grants and whether all proper corporate procedures were followed; the impact of any restatement of financial statements of the Company or other actions that may be taken or required as a result of such reviews; the Company's inability to file reports with the Securities and Exchange Commission; risks associated with the Company's inability to meet NASDAQ requirements for continued listing, including possible delisting; risks of litigation and of governmental investigations or proceedings arising out of or related to the Company's stock option grants or any restatement of the financial statements of the Company; risks associated with integrating the businesses and employees of the GSS division of CSG Systems, International and Netcentrex S.A.; changes in the demand for the Company's products; changes in capital spending among the Company's current and prospective customers; the risks associated with the sale of large, complex, high capacity systems and with new product introductions as well as the uncertainty of customer acceptance of these new or enhanced products from either the Company or its competition; risks associated with rapidly changing technology and the ability of the Company to introduce new products on a timely and cost-effective basis; aggressive competition may force the Company to reduce prices; a failure to compensate any decrease in the sale of the Company's traditional products with a corresponding increase in sales of new products; risks associated with changes in the competitive or regulatory environment in which the Company operates; risks associated with prosecuting or defending allegations or claims of infringement of intellectual property rights; risks associated with significant foreign operations and international sales and investment activities, including fluctuations in foreign currency exchange rates, interest rates, and valuations of public and private equity; the volatility of macroeconomic and industry conditions and the international marketplace; risks associated with the Company's ability to retain existing personnel and recruit and retain qualified personnel; and other risks described in filings with the Securities and Exchange Commission. These risks and uncertainties, as well as others, are discussed in greater detail in the filings of the Company with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. These documents are available through the Company, or its website, www.cmvt.com, or through the SEC's Electronic Data Gathering Analysis and Retrieval system (EDGAR) at www.sec.gov. The Company makes no commitment to revise or update any forward-looking statements in order to reflect events or circumstances after the date any such statement is made.