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May 30, 2015 4:41 AM ET

Software

Company Overview of Comverse, Inc.

Company Overview

Comverse, Inc. provides cloud-based and in-network services enablement and monetization software solutions for communication service providers (CSPs) and enterprises worldwide. It operates in Business Support Systems (BSS) and Digital Services segments. The company offers BSS that offers prepaid and postpaid billing, and active customer management systems for wireless, wireline, cable, and multi-play CSPs. Its BSS solutions enable customers to introduce new products; charge flexibly for a range of services or content delivered over their networks; perform real-time marketing; and automate sales and marketing activities. The company also provides digital services solutions enabling voice and ...

200 Quannapowitt Parkway

Wakefield, MA 01880

United States

Founded in 1997

2,300 Employees

Phone:

781-246-9000

Fax:

781-224-8143

Key Executives for Comverse, Inc.

Chief Executive Officer, President and Director
Age: 56
Total Annual Compensation: $726.9K
Consultant
Age: 55
Total Annual Compensation: $441.4K
Compensation as of Fiscal Year 2013.

Comverse, Inc. Key Developments

JT Group Ltd. Selects Comverse to Provide Managed Services for its Converged Billing Solution

Comverse announced that JT Group Ltd. selected Comverse to provide managed services for its converged billing solution. During the five-year managed services agreement, Comverse professionals located in Jersey and in Comverse's Centers of Excellence in Europe will implement a continuous quality assurance process to ensure service levels are maintained or improved. They will also help JT Group optimize costs, enhance the subscribers' experience, accelerate speed-to-market for promotions and offers, and increase operational efficiency based on objective evaluation of Key Performance Indicators. Some of the services Comverse will provide for JT Group include: application Configuration Management for Comverse ONE, Comverse's BSS solution; managed operations for Comverse ONE, for rating, billing, payments, collection, journaling; order, provision and faults management; testing for new services and configurations; operations and Application development; infrastructure management, including inventory, capacity, security, back-up & restore; and business KPI dashboard and ad-hoc reporting. By applying best practices for preventive maintenance and analysis of events and trends, Comverse will identify opportunities to reduce risk and expand JT Group's business opportunities.

Neil Montefiore to Resign from the Board of Directors of Comverse, Inc

Comverse, Inc. announced that on May 9, 2015, Neil Montefiore has informed the company that he will not stand for re-election at the upcoming 2015 annual meeting of stockholders and will be resigning from the company's Board of Directors effective the date of the Annual Meeting. Mr. Montefiore, whose primary expertise lies with the company's billing and active customer management systems business advised the company that his resignation was prompted by the recently announced pending sale of the company's BSS business to Amdocs Limited.

Comverse, Inc. Declares Preferred Share Dividend

Effective April 29, 2015, the board of directors of Comverse, Inc. declared a dividend of one preferred share purchase right for each outstanding share of common stock. The dividend is payable to stockholders of record as of May 11, 2015.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 29, 2015
Comverse Inc, Business-Support Systems Assets
Merger/Acquisition
January 23, 2015
Ymobile Corporation
Merger/Acquisition
August 5, 2014
Solaiemes, S.L.
 

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