Comverse, a subsidiary of Comverse Technology, Inc. (NASDAQ: CMVT), and the world’s leading supplier of software and systems enabling network-based multimedia enhanced communication and billing services, has announced that Comverse Asia Pacific has been conferred the 2006 Telecom BSS Vendor of the Year Award by global growth consulting company Frost & Sullivan for its outstanding performance in 2005.
Sin Siew Teyew, head of telecoms research at Frost & Sullivan, said, “Comverse has done extremely well in positioning itself as a trusted vendor amongst service providers in Asia Pacific. The company is playing a key role in enabling the transformation of service providers towards delivering next-generation services. It is a clear leader with the largest customer base in the region and a strong position in high-growth markets.”
The award was one of a series of prestigious titles conferred at the 2006 Frost & Sullivan Asia Pacific ICT Awards, held annually to recognize outstanding performance and best practices by companies in the information and communications technology (ICT) industry across Asia Pacific.
Comverse was selected to receive this distinguished award based on the exceptional APAC performance in 2005 of its Converged Billing Group – which provides customer management, billing, order management and mediation solutions. All nominees were evaluated on a set of actual market performance indicators, including revenue growth, market share, growth in market share, leadership in product innovation, major customer acquisitions, and business and market strategy.
“Asia Pacific is the world’s fastest growing region and plays an important role in Comverse’s growth strategy,” said Eitan Achlow, President of Comverse APAC. “We would like to thank our prepaid, postpaid and converged billing customers, as well as our local employees and partners for contributing to our success.”
About Comverse Converged Billing
Comverse Converged Billing solutions enable real-time customer management, allowing service providers and e-businesses worldwide to increase market agility and improve operational efficiency. With the ability to handle any service type, any network type and any payment type, Comverse Converged Billing solutions allow businesses to grow revenues and build loyalty by providing their customers with choice, convenience and control.
Comverse, a subsidiary of Comverse Technology, Inc. (NASDAQ: CMVT), is the world’s leading provider of software and systems enabling network-based multimedia enhanced communication and billing services. The company’s Total Communication(SM) 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
About Frost & Sullivan
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company’s industry expertise integrates growth consulting, growth partnership services and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community, by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit www.frost.com