Comverse Technology signs pact with Pacific Bell Information Services for at least $9 million.

WOODBURY, N.Y.--(BUSINESS WIRE)--Sept. 5, 1995--Comverse Technology, Inc. (NASDAQ:CMVT) announced today that it has signed a strategic agreement with Pacific Bell Information Services (PBIS), the Pacific Telesis (NYSE:PAC) subsidiary that provides more than a million residential and business voice and fax mailboxes.

The agreement specifies a minimum of $9 million in revenue to Comverse during the next 30 months, and envisions an ongoing cooperative relationship between the two companies within which Comverse will provide equipment, software development, and a variety of support services to PBIS.

"We are very pleased to be entering into this relationship with PBIS," said Kobi Alexander, Comverse's Chairman and CEO. "It is a major milestone in the history of Comverse. We are confident that our field proven technology for high capacity, high availability systems, our established leadership position in the international market, and the quality of our customer support organization have created the strong foundation we will need to maximize the benefits of this relationship for us both."

"We are very enthusiastic about embarking on this relationship with Comverse," said Terry Mulready, Chief Operating Officer of PBIS. "Adding a new equipment supplier is a major decision for us. Because of our telephone company background, our standards are very high and our selection process is very thorough. Comverse demonstrated excellence in virtually every facet of our analysis."

"We believe that the architecture of the TRILOGUE INfinity is well suited to meet our requirement for very large systems that are extremely reliable and very easy to manage," Mulready continued. "We are also impressed with the strong quality orientation of the Comverse software development and manufacturing processes we audited, and with the commitment of Comverse's management team to the kind of partnership relationship we are seeking. We feel that Comverse recognizes that equipment vendors and service providers are really in the same boat, and shares our uncompromising commitment to impeccable service for our customers."

"We at Comverse are looking forward to giving PBIS our full support," Alexander concluded. "As the leading supplier of Enhanced Service Platforms to telephone companies internationally, we have a unique perspective on the worldwide evolution of these services. By sharing this perspective with PBIS at the strategic planning level, by facilitating mutually beneficial relationships between PBIS and our international customers, and most of all by meeting the needs of PBIS for platforms that support the rapid development and deployment of these emerging new services, we believe that both PBIS and Comverse will grow together."

Comverse Technology, Inc.: Additional Background

Comverse Technology's Network Systems Division, through its TRILOGUE INfinity Enhanced Services Platform (ESP), enables wireless and wireline telecommunications network operators to offer to their business and residential customers a wide range of value added services.

Comverse is an international leader in the supply of ESPs to both wireless and wireline network operators. More than 45 wireless network operators, and more than 30 wireline network operators, have selected TRILOGUE to allow the provision of revenue-generating value-added services such as call answering, voice/fax mail, voice/fax information services, interactive voice response, virtual phone/fax and other offerings.

Comverse's more than 80 network operator customers include AIS (Thailand), American Personal Communications, Belacom, BellSouth NZ, Compania de Telefonos de Chile, Deutsche Telekom, Europolitan, Helsinki Telephone Company, Hongkong Telecom, Nordictel, Northwest GSM (Russia), Omnitel (Italy), Singapore Telecom, Telecom Australia, Telecom Finland, Telefonos de Mexico, as well as several PTAs in the People's Republic of China.

Comverse Technology, Inc., headquartered in Woodbury, designs, develops, manufactures and markets computer and telecommunications systems for a variety of communications processing applications, including multimedia enhanced services platforms 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