Comverse Self-Service Solutions Available to StarHub's Consumer Subscribers.The Singapore-Based Multi-Play Operator Extends Billing Relationship with Comverse WAKEFIELD, Mass. -- Comverse, the world's leading supplier of software and systems enabling network-based multimedia enhanced communication and billing services, today announced that StarHub, the leading multi-play service provider in Singapore offering a full range of information, communication and entertainment services to its fixed, cable, mobile and Internet subscribers, has deployed Comverse Self-Service Solutions to provide its consumer customers with a single, converged online view for managing their StarHub accounts online. "We share Comverse's belief in the value of providing customers with a seamless online user experience that unites selling and account management functionality for all our products and services," said James Woo, Vice President, Information Services See Information Systems. of StarHub. "Since the launch of our customer portal, we have already enjoyed improvements in our online customers experience and cost efficiency." StarHub's MyAccount Manager and eShop solution is powered by the Comverse Consumer Account Manager and Consumer e-Shop applications. Comverse Consumer Account Manager enables StarHub to meet its customers' requirements for a unified view of all account activities. Customers can take advantage of the product's comprehensive account management capabilities to add new services, modify contract details, change service plans and view bills. The Comverse Consumer e-Shop product enables StarHub to provide an online shopping experience for its wide range of multi-play product offerings through a single, integrated service-centric shopping cart. It also provides the platform for StarHub's customers to browse or search the online shop, select promotion offers or purchase StarHub's products and services. "We are very excited to extend our relationship with StarHub through this successful implementation of our self-service technology," commented Eitan Achlow, President of Comverse Asia Pacific. "As more and more operators offer multi-play bundles, self-service is becoming an increasingly critical element of a successful sales and service strategy. Comverse Self-Service Solutions are valuable assets to the multi-play operator looking to offer a converged customer experience, and along with the significant savings in operational expenses from reduced customer service costs, we believe self-service will soon be seen as a "must have" for any multi-play service provider." About StarHub StarHub, Singapore's second largest info-communication company, offers a full and diverse range of information, communications and entertainment services over its advanced fixed, cable, mobile and Internet platforms. Targeting both consumer and corporate markets, StarHub operates a full two-way 3.5G mobile network in addition to its GSM network, a nation-wide HFC network (Hybrid Fiber-Coax network) A communications network (typically a cable TV network) that uses a combination of optical fibers and coaxial cable. The fiber provides the high-speed backbone, and the coax is used to connect end users to the backbone. that delivers multi-channel cable TV services (including Digital Cable and High Definition Television) as well as ultra-high speed residential broadband services, and an extensive fixed business network that provides a wide range of data, voice and wholesale services. Launched in 2000, StarHub has become one of Singapore's most innovative info-communications providers, and the pioneer in 'hubbing' - the ability to deliver unique integrated and converged services to all its customers. StarHub is listed on the SGX-ST. For more information, visit http://www.starhub.com. 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 A general term for networks that use the IP protocol for voice (VoIP) and video traffic. See IP telephony. . 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 InSight[TM] Open Services Environment. Comverse's solutions support flexible deployment models, including in-network, hosted and managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality , and can run on circuit-switched, VoIP, IMS (1) See IP Multimedia Subsystem. (2) (Information Management System) An early IBM hierarchical DBMS for IBM mainframes. IMS was widely implemented throughout the 1970s under MVS and continues to be used under z/OS. and converged network The integration of the telephone system with IP-based data networks. See softswitch. (networking) converged network - A single network that can carry voice, video and data. environments. Comverse is a subsidiary of Comverse Technology Comverse Technology, Inc. (Pink Sheets: CMVT) is an American Technology company located in Woodbury, New York, which develops and markets telecommunications software. Founded in 1982, the company focuses on providing services to third party telecommunication service providers. , Inc. (CMVT CMVT Converse Technology .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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc 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 investigation or as result of the company's VSOE VSOE Vendor-Specific Objective Evidence (accounting/contracting) VSOE Venice Simplon-Orient-Express VSOE Viveka School of Excellence evaluation; the company's inability to file reports with the Securities and Exchange Commission; the effects of the delisting Delisting When the stock of a company is removed from a stock exchange. Notes: Reasons for delisting include violating regulations and/or failure to meet financial specifications set out by the stock exchange. of the company's Common Stock from NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on 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 the company's ability to relist its Common Stock on NASDAQ; risks relating to alleged defaults under the company's ZYPS ZYPS Zero Yield Puttable Securities (exchange offer) indentures, including acceleration of repayment; risks of litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. (including the pending securities class action 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 Indirect costs are costs that are not directly accountable to a particular function or product; these are fixed costs. Indirect costs include taxes, administration, personnel and security costs. See also
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Spending for long-term assets such as factories, equipment, machinery, and buildings that permits the production of more goods and services in future years. 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 mac·ro·ec·o·nom·ics n. (used with a sing. verb) The study of the overall aspects and workings of a national economy, such as income, output, and the interrelationship among diverse economic sectors. and industry conditions and the international marketplace; the risk of declines in information technology spending; 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. The company undertakes no commitment to update or revise forward-looking statements except as required by law. |
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