Comverse Introduces Real-Time Billing Solution (RTBS) 5.0

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 the launch of its Real-Time Billing Solution release 5.0, which serves as a real-time marketing engine for mobile operators by offering advanced personalization capabilities, à la carte service plan customization and self-care to enable operators to increase revenues, profitability and loyalty from subscribers. Comverse will be showcasing its Total CommunicationSM Portfolio at 3GSM World Congress 2007, February 12-15 at the Comverse booth (Hall 8, Stand 8B83). RTBS 5.0 adds new flexibility to the billing environment with its extensible architecture, increased number of balances to support multiple offerings, increased number of accumulators to calculate subscriber usage tied to bonus and discount plans, and à la carte services. The solution provides operators with the ability to quickly create and launch targeted service offerings to different market segments as well as other add-on usage-based services. Users gain convenience and control by adding à la carte services to their standard package and by using the self-service component that allows full provisioning of services and accounts via the Web or WAP. In addition to increasing user satisfaction, self-service also decreases dependence on operator call centers, resulting in reduced operating costs. "Real-time service creation and customization along with subscriber personalization and self-service all provide an operator with a meaningful, competitive advantage,” said Norbert Scholz, Research Director with Gartner, Inc. "Real-time billing platforms give operators the ability to tailor core product functionality to market, business or operational needs, providing tighter control in the introduction of new services in terms of target audience, introduction period and charging capabilities for services.” "Real-Time Billing Solution 5.0 redefines the way operators go to market with a service creation environment that enables the quick launch of new services and offers, without dependence on outside vendors,” said Howard Woolf, Group President, Comverse Converged Billing Solutions. "This, along with sophisticated marketing capabilities based on real-time billing information, provides operators with a competitive edge by allowing them to swiftly react to market trends. With an advanced architecture for integration with IMS networks, RTBS 5.0 is a future-ready, real-time billing solution that serves today’s mobile operators’ complicated need for differentiation.” 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.