Comverse

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This article is about the former subsidiary and current ongoing company. For the overall Comverse corporate entity that existed from 1982 to 2013, see Comverse Technology.
Comverse, Inc.
Type Public (NASDAQ: CNSI)
Industry Telcommunications software
Headquarters Wakefield, Massachusetts, United States
Key people Philippe Tartavull (President and CEO)
Products Converged Communications (traditional and IP), Digital Services, Converged BSS and Policy, Professional and Managed Services
Revenue Steady US $678 million (FY 2012)
Net income Increase US $5.1 million (FY 2012)
Employees 4,000
Website www.comverse.com/

Comverse, Inc. is a technology company located in Wakefield, Massachusetts, in the United States, that develops and markets telecommunications software. The company focuses on providing Business Support Systems (BSS), data policy (PCEF, PCRF), traditional and IP-based value-added services to telecommunication and other service providers, complemented by professional and managed services. For many years, Comverse, also known as Comverse Network Systems, was part of Comverse Technology, which had several wholly or partly owned subsidiaries; Comverse became a fully independent company in 2013. The name "Comverse" is a portmanteau of the words "communication" and "versatility".

History as a subsidiary

Main article: Comverse Technology

As a subsidiary, Comverse, Inc. was incorporated on November 19, 1997,[1] as part of the larger Comverse Technology.

In August 2012, a series of transactions were announced that would end Comverse Technology as a functioning entity, by making Comverse Network Systems an independent company once again known simply as Comverse, allowing Verint Systems (the former Comverse Infosys) to buy back Comverse Technology's majority stake in it, and selling off other subsidiaries.[2][3] Philippe Tartavull was named as the CEO of the newly independent Comverse.

These transactions were completed by February 4, 2013, and represented the effective liquidation of the Comverse Technology holding entity[3][4] and the emergence of Comverse, Inc. as a fully independent company.

History as an independent company

Results for fiscal year 2012, which took place as the spin-off of Comverse from Comverse Technology was happening, demonstrated a return to profitability, with a net income of $5.1 million.[5]

Industry recognition

Over the years, Comverse has won a number of awards within its industry, including:

  • 2012, 2013 – Gartner’s Leaders Quadrant[6]
  • 2012, 2013 – International Business Awards (Stevie): Best New Product or Service of the Year Awards (DMM Policy Studio, Analytics)[7]
  • 2012 – Broadband Traffic Management (BBTM) Congress’s Best Integration of Traffic Management into OSS/BSS Architectures & Best Real-Time Charging Platforms for Customers [8]
  • 2012 – Frost & Sullivan Stratecast’s Billing Global Product Line Strategy Award [9]
  • 2010 – Virgo Publishing's Excellence Award for Best Cost Management Implementation [10]
  • 2009, 2010, 2011, 2012 – Technology Marketing Corporation's Internet Telephony BSS/OSS Excellence Award [11][12][13][14]
  • 2007 – Technology Marketing Corporation's Internet Telephony Excellence Award [15]
  • 2007 – International Engineering Consortium's InfoVision Awards for Best New Product [16]
  • 2007 – Technology Marketing Corporation's IMS Leadership Award [17]
  • 2007 – International Engineering Consortium's Best VoIP Product or Service Award [18]
  • 2005, 2006, 2007, 2008, 2009 – Frost and Sullivan's Telecom BSS Vendor of the Year Award [19][20]
  • 2004 – CDMA Development Group's Innovative Solutions Award [21]

References

  1. ↑ "Company Profile for Comverse Inc". Reuters. Retrieved January 30, 2014. 
  2. ↑ "Verint to buy Comverse Technology". Reuters. 13 August 2012. 
  3. ↑ 3.0 3.1 Ron Steinblatt (7 February 2013). "Verint completes separation from Comverse". Globes. 
  4. ↑ "Comverse Technology, Inc. – Investor Relations". Comverse Technology. Retrieved 29 January 2014. 
  5. ↑ "CNSI Income Statement". Yahoo! Finance. Retrieved 31 December 2013. 
  6. ↑ http://www.comverse.com/press_releases.aspx?news=comverse_leaders_quadrant
  7. ↑ http://www.comverse.com/press_releases.aspx?news=comverse_wins_industry_award_for_policy_extended_with_analytics
  8. ↑ http://www.comverse.com/press_releases.aspx?news=comverse-wins-mobile-broadband-bss-awards-2012
  9. ↑ http://www.comverse.com/press_releases.aspx?news=comverse-one-solution-wins-award-for-excellence
  10. ↑ "Comverse Wins Billing & OSS World's Excellence Award For Best Cost Management Implementation" (Press release). TheStreet.com. 13 July 2010. 
  11. ↑ "Markets in Brief". Haaretz. 11 December 2009. 
  12. ↑ "Comverse Wins Internet Telephony BSS/OSS Excellence Award" (Press release). MarketWatch. 6 July 2011. 
  13. ↑ http://www.comverse.com/press_releases.aspx?news=internet_telephony_excellence_award
  14. ↑ http://www.comverse.com/press_releases.aspx?news=comverse-wins-internet-telephony-bss-oss-excellence-award
  15. ↑ "Comverse Receives a 2007 Internet Telephony Excellence Award" (Press release). Smart Grid. 17 September 2007. 
  16. ↑ "Comverse Converged Billing Suite bags InfoVision Award 2007". Moneycontrol.com. 28 June 2007. 
  17. ↑ "Comverse Receives 2007 IMS Leadership Award from IMS Magazine" (Press release). Business Wire. 19 June 2007. 
  18. ↑ "Comverse wins industry award". Boston.com. 17 April 2007. 
  19. ↑ "Frost and Sullivan Choose Comverse as Telecom BSS Vendor of the Year" (Press release). Frost and Sullivan. 15 June 2009. 
  20. ↑ Galitzine, Greg (29 May 2008). "Comverse Nabs Industry Award Fourth Year in a Row". Technology Marketing Corporation. 
  21. ↑ "Comverse MMSC Recognized With 3G CDMA Industry Achievement Award" (Press release). Business Wire. 29 September 2004. 

External links

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