Industry Report: Comverse is #1 Globally in Convergent Charging
27 June 2012 - 9:00PM
Comverse® (Nasdaq:CMVT), the global leader in business enablement
through BSS, mobile Internet, value-added and managed services,
today announced that Comverse is the global convergent charging
market share leader –– ranked #1 in the world in a comprehensive
industry study.
In Convergent Charging Software and Services – Bi-annual
Worldwide and Regional Market Share, Size, and Forecasts (June,
2012), prominent telecom and datacom market research firm
Infonetics Research names Comverse as the revenue leader in the
convergent charging segment.
Comverse's #1 ranking reflects the migration of existing
customers to convergence, as well as new projects in a number of
regions. Unifying critical business functions around a single data
model, Comverse ONE is valued by communication service providers
(CSPs) for enabling them to secure a more central and profitable
position in the increasingly connected and converged world. This
approach is powered by Comverse's strengths in both real-time
rating/charging and IT-based billing.
"Comverse ONE's pre-eminence in the convergent BSS market
derives from its innovative unified approach to convergence," said
Gabriel Matsliach, SVP, Chief Product Officer at Comverse. "Success
breeds success: the fact that our solution is proven to deliver
outstanding business results positively impacts strategic decisions
made by both existing and new customers."
"Comverse ONE is being leveraged around the world to meet the
diverse needs of a broad range of CSPs, from full business
transformation to supporting operators' entry into new businesses,
such as MVNO/MVNE, M2M, cloud-based services and beyond," noted
Matsliach. "In addition, various CSPs, including Comverse Kenan
customers, are leveraging Comverse ONE's convergence capabilities
side-by-side with existing ecosystems, providing real-time
experience, choice & control to their postpaid subscribers,"
Matsliach observed. "This can be further augmented by providing
smarter monetization for data services, leveraging our integrated
policy management and enforcement."
"Our leadership in converged billing, in tandem with our global
leadership in value-added services (VAS), bears eloquent testimony
to the strength, depth and innovative capabilities of our entire
portfolio – and to the value it provides to CSPs around the world,"
concluded Matsliach.
"Comverse has staked a strong leadership position in an
important and lucrative field," said Shira Levine, Directing
Analyst, Next Gen OSS and Policy at Infonetics Research. "CSPs are
eager to replace the multiple billing systems of legacy stove-pipe
environments with real-time convergent charging for more flexible
solutions, new business/ service models, shared data plans, cost
savings and more. Convergent charging is key to boosting user
satisfaction and accelerating monetization of new
opportunities."
Infonetics forecasts rapid, sustained growth in the convergent
charging market, which it estimates will more than double to $3.9
billion by 2016.
Click to learn how Comverse ONE can help you achieve new levels
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About Comverse
Comverse is the world's leading provider of software and systems
for business enablement through converged billing and active
customer management, mobile Internet, value-added and managed
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=13267
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,
2012 filed with the SEC on April 2, 2012 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
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