Comverse, Inc.: Comverse Expands Relationship With Telecom Italia Group for
Enterprise Billing, Business Transformation
Evolution of Comverse Kenan FX Postpaid Consolidates Operations, Replacing
Legacy Competitor Solution
WAKEFIELD, Mass., July 22, 2014 (GLOBE NEWSWIRE) -- Comverse (Nasdaq:CNSI), a
global leader in enterprise and telecom business enablement, today announced
the recent successful migration of fixed-line customers in an extension of its
relationship with Telecom Italia, the leading Italian ICT group. The
consolidation of the BSS ecosystem with Kenan FX will more efficiently support
the rating and billing of fixed and mobile consumer and corporate customers in
Replacing a legacy competitor solution, this expansion includes transfer of
all charging functionality for corporate subscribers - key contributors to
business success - to the Comverse Kenan FX solution. Comverse is also the
prime systems integration contractor.
Capitalizing on Business Opportunities, Cost Efficiencies
"We believe that this further system consolidation, based on previous
integrations with Comverse, will help us to capitalize on business
opportunities and reduce costs," said Gianluca Pancaccini, Telecom Italia
Chief Information Officer. "Comverse has proven itself over the years to be a
strong and innovative partner for the group in terms of effective
product-based solutions and we look forward to continuing mutual success."
"Comverse provides Telecom Italia with crucial agility to support growth and
efficiency of its enterprise business, while enhancing every aspect of the
customer lifecycle," commented Denis Bernaert, Comverse Senior Vice President,
and Managing Director EMEA. "We value the trust we have earned from Telecom
Italia over the years, and will continue as prime contractor to help them meet
business objectives and maintain their unparalleled standards of service
Extending the BSS Environment to Unlock Value
Comverse recently announced a new release of the Comverse Kenan FX billing
solution, with additional capabilities that enable service provider customers
to extend their BSS environments to meet evolving business needs and unlock
value for both consumers and businesses.
"The forward-looking product plans of the Comverse Kenan FX billing solution
are tailored to meet the evolving needs of our existing customer base of over
one hundred as well as new service providers," said Robert Barrows, Comverse
Enterprise and Subscription-Based Billing Global Leader. "We offer our Kenan
customers and enterprises an effective set of options to leverage Comverse's
rich product and services offering to enhance, evolve or transform their
business support ecosystem to address today's complex global business needs
and embrace new opportunities."
Learn more about how Comverse BSS solutions can provide you with agility to
exploit new networks, markets, products, business models and partnerships;
contact us at www.comverse.com.
About Telecom Italia Group
Telecom Italia is the leading Italian ICT group and an important player on the
Latin American market, where TIM Brasil is a major operator in the country.
Its offer is focused on advanced and integrated solutions for consumers,
businesses and institutions and includes: telecommunications, internet,
digital and media content, cloud computing, office and system solutions. These
are provided by well-known and reliable brands, including TIM and Olivetti,
through which the Group maintains close links with its customers.
Telecom Italia strategy is based on innovation and the Group is investing in
the development of cloud computing and new generation ultra-broadband fixed
and mobile network.
Comverse is a leading global provider of telecom business solutions that
enable enterprise and communication service provider success in the
hyper-connected world through service innovation and smart monetization. The
company's proven and innovative product portfolio includes BSS, Policy
Management (PCRF) and Enforcement and Digital & Value Added Services - all
backed by Managed and Professional Services. Comverse's extensive customer
base spans more than 125 countries with solutions successfully delivered to
over 450 communication service providers serving more than two billion
subscribers. Comverse's solutions are available in a variety of delivery
models, including on-site, cloud, hosted/SaaS and managed services. For more
information, visit www.comverse.com.
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 filed with the SEC on May 16, 2013 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: Thomas Sabol
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf
of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein.
Source: Comverse, Inc. via Globenewswire
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