30.01.2008 12:15:00

Comverse Visual Voicemail for iPhone Selected as a Finalist for the 2008 GSMA Global Mobile Award for Best Mobile Messaging Service

Comverse, the world's leading supplier of software and systems enabling network-based multimedia enhanced communication and billing services, today announced that Comverse Visual Voicemail over iPhone has been shortlisted as a finalist for the 2008 GSMA Global Mobile Award in the Best Mobile Messaging Service category. The winner will be announced on Tuesday, February 12th at the GSMA Global Mobile Awards Gala Dinner held in The National Palace (Palau Nacional) in Barcelona, during the Mobile World Congress. Areas of excellence that led the judges to elevate Comverse Visual Voicemail for iPhone to the finalist stage include innovativeness, interoperability between devices and between networks, ability to generate new revenue opportunities for the operator, user experience and take-up of the product. Comverse is the world’s leader in visual voicemail, having been selected to enable more than half of the world’s deployments to date. "The 2008 Global Mobile Awards have once again attracted a widely diverse range of entries from all corners of the world, demonstrating the social, business and economic impact that mobile communications is having on society. I congratulate the nominees on their achievement thus far. Being shortlisted by our independent judging panel is no mean feat given the calibre of subject matter experts it comprises, and the quality and quantity of submissions received. We await the announcement of the winners at the Global Mobile Awards evening during the Mobile World Congress with keen interest," said Rob Conway, GSMA CEO. Visual Voicemail meets the fast-paced needs of users today with a visual interface that improves and broadens the user experience. Voicemail messages are delivered to the iPhone and other handsets immediately and can be accessed with a click. An information-rich inbox enables users to see all messages and handle any message in any order. Users can view information about their messages including date, time, duration, and caller number and identity, when available. A range of message management features include one-touch call return, save and delete, and integration with handset-based address books. "We are honored to be among the finalists for this coveted industry award,” said Comverse Chief Marketing Officer John Bunyan. "I extend heartfelt congratulations to the Comverse teams for an outstanding product that has attracted international recognition. Just as Comverse leads and shapes the visual voicemail and messaging markets, the company enhances value for our customers with a broad range of innovative services in other key telecommunication fields, including billing, content, convergence, IP Communications and IMS." Comverse’s Visual Voicemail demo will be available at Mobile World Congress in Barcelona on February 11-14 at Hall 8, Booth 8B 83. About Comverse Comverse is the world’s leading provider of software and systems enabling network-based messaging and content value-added services, converged billing and IP communications. Comverse solutions generate revenues, strengthen customer loyalty and improve operational efficiency for over 500 communication service providers in more than 130 countries. The company's Total CommunicationSM portfolio facilitates personalized lifestyles in an evolving connected world and is based on the InSight™ Open Services Environment. Comverse’s solutions support flexible deployment models, including in-network, hosted and managed services, and can run on circuit-switched, VoIP, IMS and converged network environments. Comverse is a subsidiary of Comverse Technology, Inc. (CMVT.PK). For more information, visit www.comverse.com. All product and company names mentioned herein may be registered trademarks or trademarks of Comverse or the respective referenced company(s). 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 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 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 investigation or as result of the company’s VSOE evaluation; 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 Nasdaq 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; risks relating to the company’s ability to relist its Common Stock on NASDAQ; risks relating to alleged defaults under the company’s ZYPS indentures, including acceleration of repayment; risks of litigation (including the pending securities class action and derivative lawsuits) and of governmental investigations or proceedings arising out of or related to the company’s stock option practices 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 related to Verint Systems Inc’s. merger with Witness Systems, Inc., including risks associated with integrating the businesses and employees of Witness; 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; the risk of declines in information technology spending; 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. The company undertakes no commitment to update or revise forward-looking statements except as required by law.

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