Comverse Technology Subsidiary, Verint Systems Inc. Files Registration Statement For Initial Public Offering.Business & High-Tech Editors WOODBURY, N.Y.--(BUSINESS WIRE)--Feb. 7, 2002 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 ) and its subsidiary, Verint Systems Inc. (formerly Comverse Infosys, Inc.) today announced that Verint Systems has filed a registration statement with the Securities and Exchange Commission for an initial public offering of newly issued shares of its common stock. Verint Systems is a leading provider of analytic solutions for digital video security and surveillance, communications interception and enterprise business intelligence. Lehman Brothers will serve as lead managing underwriter Managing underwriter The leading firm in an underwriting group, which originates the deal and acts as an agent for the group. managing underwriter See lead underwriter. of the offering. Salomon Smith Barney, Robertson Stephens, UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System Warburg, and U.S. Bancorp Piper Jaffray, will serve as co-managing underwriters. When available, a copy of the prospectus contained in the registration statement may be obtained from Lehman Brothers at 745 Seventh Avenue, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10019. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. About Comverse Technology, Inc. Comverse Technology, Inc. is the world's leading provider of software and systems enabling network-based multimedia enhanced communications services. More than 380 wireless and wireline telecommunications network operators, in more than 100 countries, have selected Comverse's enhanced services systems and software, which enable the provision of revenue-generating value-added services including call answering with one-touch call return, short messaging services, IP-based unified messaging (voice, fax, and email in a single mailbox), 2.5G/3G multimedia messaging (MMS (Multimedia Messaging Service) An enhanced transmission service that enables graphics, video clips and sound files to be transmitted via cellphones. Developed as part of the 3GPP project, MMS phones are generally backward compatible with SMS and EMS. ), wireless instant messaging, wireless information and entertainment services, voice-controlled dialing, messaging and browsing, prepaid wireless services, and additional personal communication services (communications) Personal Communication Services - (PCS) Telecommunications services that bundle voice communications, numeric and text messaging, voice-mail and various other features into one device, service contract and bill. PCS are carried over cellular links, most often digital. . Other Comverse Technology business units include: Ulticom (NASDAQ: ULCM ULCM United Lutheran Church Men ), a leading provider of service enabling network software for wireless, wireline, and Internet communications. Comverse Technology is an S&P 500 and NASDAQ-100 Index company. |
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