Comverse Technology Inc. receives $2 million order from European Government Agency for AUDIODISK Systems.
WOODBURY, N.Y.--(BUSINESS WIRE)--March 23, 1995--Comverse Technology Inc. (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 :CMVT CMVT Converse Technology ) announced the receipt of an order of approximately $2 million for AUDIODISK(TM) systems. The identity of the customer, a government agency located in Europe and a first-time AUDIODISK buyer, is being withheld at the customer's request.
Kobi Alexander Jacob "Kobi" Alexander is the founder and the former CEO of New York-based Comverse Technology.
Alexander founded Comverse Technology (NASDAQ: CMVT) in 1982 and built it up from a 3-person Israeli startup to employing over 5,000, becoming the leading provider of software and , Comverse's President, Chairman and Chief Executive Officer said, "AUDIODISK is at the leading edge of the early stages of a major transition by the world's law enforcement and intelligence agencies, in which outdated analog recording Analog (or analogue) recording is a technique used to store audio or video signals for later playback. The first successful demonstration of analog recording for audio was by Thomas Alva Edison. The first analogs of moving pictures were those of the Lumiere Brothers. equipment is being replaced with more sophisticated and effective digital technology."
AUDIODISK is a multiple-channel, multimedia digital recording system designed and developed by Comverse primarily for law enforcement and intelligence gathering applications. The product, now in its fifth generation, has been sold in 20 countries around the world.
AUDIODISK systems enable many simultaneous users to monitor and process voice, image (facsimile) and data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. from multiple channels in a variety of analog and digital formats, provide facilities for archiving large volumes of recorded information and allow the use of computer database processing techniques for management and retrieval operations. The systems have been sold primarily to law enforcement and intelligence agencies that monitor and record communication channels for a variety of purposes, such as surveillance in support of police actions and the collection and processing of information for intelligence analysis.
Traditionally, analog tape recorders, alone or coupled with a variety of special purpose devices, have been utilized for these applications. The worldwide growth in telecommunications traffic in general and digital communications Transmitting text, voice and video in binary form. See communications. in particular, and the increasing use of a variety of digital transmission formats in telecommunications networks, have created a need for these organizations to modernize their monitoring, recording and processing capabilities. AUDIODISK provides a number of advantages over analog, tape recorder-based systems, including improvements in capacity, reliability, accuracy, processing efficiency and archiving and retrieval capabilities. Most importantly Adv. 1. most importantly - above and beyond all other consideration; "above all, you must be independent"
above all, most especially , AUDIODISK systems enable users to adapt efficiently to the emergence of new telecommunications technologies, such as digital transmission, ISDN ISDN
in full Integrated Services Digital Network
Digital telecommunications network that operates over standard copper telephone wires or other media. and enhanced signaling systems, for which analog, tape recorder-based equipment was not designed.
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., headquartered in Woodbury, designs, develops, manufactures and markets special purpose computer and telecommunications systems for a variety of communications processing applications, including telephone-accessed, multimedia messaging and information processing systems marketed under the name TRILOGUE(R) and multiple channel, multimedia digital recording systems marketed under the name AUDIODISK(TM).
CONTACT: Comverse Technology Inc.
Kobi Alexander, Paul D. Baker, 516/677-7200