Comverse ONE BSS Solution Provides Online Charging for Postpaid Systems, Accelerates Migration to Converged Billing
23 January 2012 - 11:00PM
Comverse (Nasdaq:CMVT), a global leader in BSS, Mobile Internet and
Value-Added Services, announced today that the Online &
Converged Charging deployment mode of its flagship Comverse
ONE
® Billing and Active Customer Management
solution is bringing real-time charging to postpaid environments,
addressing the growing need of Communication Service Providers
(CSPs) around the world for real-time capabilities.
Online charging enables postpaid systems to better monetize data
services, improving the experience of users through timely
notifications, real-time balance & spending management and
more. Comverse ONE's productized integration with Comverse Kenan
and other postpaid billing systems offers a speedy, phased path to
convergence that protects and leverages existing investment,
preventing the need for expensive IT transformation projects.
Spanning policy to billing with a telco-specific approach to
CRM, Comverse's market-leading single-system BSS solution fuels
business transformations and entry into new lines of business,
delivering a consistently superior customer experience. It is
deployable in a variety of ways, enabling CSPs to take their
optimal route to subscriber and revenue growth, rapid time to
market, use of real-time marketing, and account updates.
For example, a Comverse ONE customer recently launched new
business models, expanding existing digital television services
with advanced real-time rating and charging, leading to increased
profitability. Another operator uses Comverse ONE online and
converged charging capabilities to augment its Comverse Kenan
postpaid billing system with key real-time advantages such as
spending control capabilities — experiencing significant postpaid
subscriber growth as a result. The foundation for service providers
to embark on full business transformation including CRM, Comverse
ONE deployments have an established record of lowering network
costs and accelerating time to market.
Ari Banerjee, Senior Analyst with leading industry analyst firm
Heavy Reading, observes that "a majority of Communications Service
Providers, especially mobile operators, signaled in a recent global
survey that they will migrate to converged billing within the next
two years. Besides improved operational efficiency and having a
single place for offer definition, over 85% of mobile operators
cited enhanced customer care options for prepaid users and
real-time credit control for postpaid subscribers as important
benefits driving their converged billing plans."
"One of the first companies with a convergent real-time
solution, Comverse continues at the forefront of the market," said
Roni Levy, Head of Comverse BSS. "With a constantly expanding
client base and a streamlined, phased approach to full convergence
for our Kenan installed base and other postpaid systems, Comverse
ONE has captured a leading convergent market share in both
developed and emerging regions."
About Comverse
Comverse is the world's leading provider of software and systems
enabling converged billing and active customer management, mobile
Internet, and value-added 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 support flexible deployment models, including in-network,
cloud, hosted and managed services. Comverse, ranked number 55 in
PwC's Global 100 Software Leaders based on research by Pierre
Audoin Consultants, is a subsidiary of Comverse Technology, Inc.
(Nasdaq:CMVT). For more information, visit
www.comverse.com.
The Comverse Technology logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7454
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 for the fiscal year ended January 31,
2011 filed with the SEC on May 31, 2011 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 Technology, Inc.
paul.baker@cmvt.com
(212) 739-1060
Comverse Technology, Inc. (MM) (NASDAQ:CMVT)
Historical Stock Chart
From Jun 2024 to Jul 2024
Comverse Technology, Inc. (MM) (NASDAQ:CMVT)
Historical Stock Chart
From Jul 2023 to Jul 2024