Comverse Converged Billing Suite Earns Best New Product InfoVision Award 2007.

International Engineering Consortium (IEC) Announced InfoVision Award at Broadband World Forum Asia 2007 in Beijing

WAKEFIELD, Mass. -- 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, today 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 Communication(SM) 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 Communication(SM) portfolio facilitates personalized lifestyles in an evolving connected world and is based on the holistic InSight[TM] 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.

All product and company names mentioned herein may be registered trademarks or trademarks of Comverse or the respective referenced company(s).

This release contains "forward-looking statements" under the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. There can be no assurances 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 results of the investigation of the Special Committee, appointed by the Board of Directors on March 14, 2006, of matters relating to the company's stock option grant practices and other accounting matters, including errors in revenue recognition, errors in the recording of deferred tax accounts, expense misclassification, the possible misuse of accounting reserves and the understatement of backlog; the impact of any restatement of financial statements of the company or other actions that may be taken or required as a result of such reviews; the company's inability to file reports with the Securities and Exchange Commission; the effects of the delisting of the company's Common Stock from NASDAQ and the quotation of the company's Common Stock in the "Pink Sheets," including any adverse effects relating to the trading of the stock due to, among other things, the absence of market makers; risks relating to alleged defaults under the company's ZYPS indentures, including acceleration of repayment; risks of litigation (including pending securities class actions and derivative lawsuits) and of governmental investigations or proceedings arising out of or related to the company's stock option practices or any other accounting irregularities or any restatement of the financial statements of the company, including the direct and indirect costs of such investigations and restatement; risks related to the effects of Verint Systems Inc's. merger with Witness Systems, Inc., including risks associated with integrating the businesses and employees of Witness; risks associated with integrating the businesses and employees of the Global Software Services division acquired from CSG Systems International, Netcentrex S.A. and Netonomy, Inc.; changes in the demand for the company's products; changes in capital spending among the company's current and prospective customers; the risks associated with the sale of large, complex, high capacity systems and with new product introductions as well as the uncertainty of customer acceptance of these new or enhanced products from either the company or its competition; risks associated with rapidly changing technology and the ability of the company to introduce new products on a timely and cost-effective basis; aggressive competition may force the company to reduce prices; a failure to compensate any decrease in the sale of the company's traditional products with a corresponding increase in sales of new products; risks associated with changes in the competitive or regulatory environment in which the company operates; risks associated with prosecuting or defending allegations or claims of infringement of intellectual property rights; risks associated with significant foreign operations and international sales and investment activities, including fluctuations in foreign currency exchange rates, interest rates, and valuations of public and private equity; the volatility of macroeconomic and industry conditions and the international marketplace; risks associated with the company's ability to retain existing personnel and recruit and retain qualified personnel; and other risks described in filings with the Securities and Exchange Commission.