Comverse Receives 2007 IMS Leadership Award from IMS Magazine.

Comverse Converged Messaging Honored for Outstanding Innovation

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 Technology Marketing Corporation's (TMC) IMS Magazine has named its Converged Messaging Solution as a recipient of the first IMS Leadership Award.

Comverse Converged Messaging lets users enjoy a simple and intuitive experience for all of their messaging needs by enabling seamless interworking across IMS/IP and legacy networks, various messaging services and terminals. The Converged Messaging server ensures that messages are delivered by the optimal delivery method in accordance with recipient network capabilities and presence status. A user-friendly interface (mobile and PC) conceals the underlying service type so users can concentrate on the message content and not the technology. Converged Messaging is a modular, evolutionary and flexible solution designed to leverage operators' existing messaging services and infrastructure, while increasing revenue streams.

"Growth in IMS exploded in 2006 as we saw a significant year for new solutions. IMS Magazine is the leading resource for IMS and it is fitting to establish an award to recognize those companies that are doing an incredible job launching the products and services that will transform the industry," stated Rich Tehrani, President of TMC. "Honoring Comverse for its achievement is our way of recognizing them as a leader in the IMS market."

"We are pleased to be honored with this IMS leadership award by IMS Magazine for our Converged Messaging solution," commented Yaron Tchwella, President of Comverse. "Converged Messaging enables Comverse to offer a seamless messaging experience that will change the way mobile messaging operates by simplifying the network infrastructure, providing an intuitive and new way to communicate and enhancing fixed-mobile convergence. In fact, its impact will be felt in the both the fixed and wireless worlds, potentially increasing messaging and voice usage all over."

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.