Comverse Achieves 100-Customer Milestone for its InSight(TM) Open Services Environment

Comverse, a subsidiary of Comverse Technology, Inc. and the world's leading supplier of software and systems enabling network-based multimedia enhanced communication and billing services, today announced that 100 operators have chosen Comverse InSight™ Open Services Environment to deliver advanced services to a total of more than 250 million subscribers around the world. Comverse will be showcasing its Total CommunicationSM Portfolio at 3GSM World Congress 2007, February 12-15 at the Comverse booth (Hall 8, Stand 8B83). Comverse will be kicking off a celebration of this major milestone at the 3GSM World Congress in Barcelona. Additional activities planned as part of this celebration include the formation of an InSight Community that will enable participating InSight customers to benefit from sharing knowledge and best practices, access to Professional Workshops, Seminars and Market Research, and an opportunity to further shape InSight’s services roadmap. Comverse’s InSight Open Services Environment equips service providers to succeed in the converging communications arena by providing an open and modular environment for the launch and delivery of communication and value-added services from Comverse and third parties over IP, circuit-switched, IMS and hybrid networks. InSight’s IP-based architecture and standard interfaces enable core components, such as the Multimedia Message Store, Subscriber Profile Store, Media Server, Network Address Book, Presence Server, and more, to be shared by multiple services, significantly reducing operational costs and speeding time-to-market. "Total Communication is Comverse’s vision of a world where people are free to interact and use services in the way that is most appropriate, effective and convenient for each communication context. Comverse designed InSight to enable the service provider to become the hub of users’ Total Communication universe,” stated Benny Einhorn, Chief Marketing Officer at Comverse. "Having the InSight Open Services Environment chosen by 100 communications providers around the globe, including many Tier-1 operators, is proof that the Comverse vision for Total Communication and how to get there has been widely accepted.” Comverse provides a rich portfolio of attractive and ready-to-launch services that can run over the InSight Open Services Environment. Many of these services, including Converged Messaging, Converged IP Communications, Content, and Converged Billing and Customer Care, will be demonstrated at 3GSM World Congress, February 12-15 in Barcelona, Spain at the Comverse stand (Hall 8, Stand 8B83). About Comverse Comverse, a subsidiary of Comverse Technology, Inc. (OTC: CMVT.PK), is the world’s leading provider of software and systems enabling network-based multimedia enhanced communication and billing services. The company's Total CommunicationSM 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 or the Comverse Technology website at www.cmvt.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 investigation of the Special Committee, appointed by the Board of Directors on March 14, 2006, of matters relating to the company's stock option grant practices and other accounting matters, including errors in revenue recognition, errors in the recording of deferred tax accounts, expense misclassification, the possible misuse of accounting reserves and the understatement of backlog; 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; the effects of the delisting of the company’s common stock from The Nasdaq National Market and the quotation of the company’s common stock in the "Pink Sheets,” including any adverse effects relating to the trading of the stock due to, among other things, the absence of market makers; the right of holders of the company's ZYPS to require the company to repurchase their ZYPS as a result of the delisting of the company's shares from NASDAQ at a repurchase price equal to 100% of the principal amount of ZYPS to be purchased; risks of litigation and of governmental investigations or proceedings arising out of or related to the company's stock option grants or any other accounting irregularities or any restatement of the financial statements of the company, including the direct and indirect costs of such investigations and restatement; risks associated with integrating the businesses and employees of the Global Software Services division acquired from CSG Systems International, Netcentrex S.A. and Netonomy, Inc.; 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 discussed above, 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.