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, has recently announced that the International Engineering Consortium (IEC), in association with InfoVision Awards, bestowed the Best New Product Award to Comverse’s Converged Billing Suite at the Broadband World Forum Asia 2007 in Beijing.

The InfoVision Award program recognizes technologies, applications, products, advances and services judged to be the most unique and beneficial to the telecommunications industry, its related industries and consumers globally.

“We are pleased that IEC and Infovision recognize our Converged Billing Suite as a market-leading, product-based, real-time customer management solution that addresses all aspects of convergence,” said Howard Woolf, Group President, Comverse Converged Billing Solutions.

“The award cites Comverse’s Converged Billing Solution as the ideal answer to an essential need as the industry converges in many ways, and operators transform into full service communication providers. Our years of experience in billing, together with our worldwide footprint, have enabled us to understand the diverse and evolving needs of our customers, especially the complex requirements for our converged world.”

The Converged Billing Suite reflects the Comverse Total CommunicationSM vision with the ability to handle multiple service, network and payment types, allowing service providers to grow revenues and build loyalty by providing their customers with choice, convenience and control. The field-proven, product-based solution facilitates real-time charging, billing and payments, self-service, customer care, order management, workforce management, partner management and mediation.

The innovation brought by the Comverse Converged Billing Suite delivers to telecommunications providers a single standardized, real-time customer management and billing environment that supports any network, any service, any location and any payment type.

The solution’s real-time engine offers a window to customer behavior, by enabling operators to segment markets and adapt offers and promotions in real-time, maximizing the customer experience. The ability of a single Comverse deployment to handle prepaid/postpaid subscribers, as well as all lines of business, is fundamental to increasing operational efficiency and lowering costs.

ABOUT THE IEC
The International Engineering Consortium (IEC) is a nonprofit organization dedicated to catalyzing technology and business progress worldwide in a range of high-technology industries and their university communities. Since 1944, the IEC has provided high-quality educational opportunities for industry professionals, academics, and students.
In conjunction with industry-leading companies, the IEC has developed an extensive, free on-line educational program.

The IEC conducts industry-university programs that have a substantial impact on curricula. It also conducts research and develops publications, conferences, and technological exhibits that address major opportunities and challenges of the information age.

More than 70 leading universities are IEC affiliates, and the IEC handles the affairs of the Electrical and Computer Engineering Department Heads Association and Eta Kappa Nu, the honor society for electrical and computer engineers. For more information, visit www.iec.org.

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 holistic InSightâ„¢ 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.