Comverse Total Call Completion Suite Services Inform and Empower Kyivstar's Wireless Subscribers.

The Largest European Deployment to Date of the Notify Me Solution

WAKEFIELD, Mass. -- Comverse, the world's leading supplier of software and systems enabling network-based multimedia enhanced communication and billing services, today announced that Kyivstar, the largest mobile operator in Ukraine with more than 23 million subscribers, has successfully launched two services -- Who Called and Notify Me -- from the Comverse Total Call Completion Suite. The new tools given by these services to the called and calling parties can significantly increase the call completion rate in the network. This marks the largest European deployment to date of the Comverse Notify Me solution for callers.

"We launched these Comverse Total Call Completion Suite services because every call is important to us and we want our users to consistently benefit from the best experience possible," said Alexey Kireev, Head of the Product Development Department at Kyivstar. "Both parties receive key information about missed calls that empowers them with new capabilities that lead to the call's completion. This improvement of service is one of the ways that we enrich people's everyday lives by enabling them to communicate more freely and more effectively."

The Comverse Total Call Completion Suite services deployed by Kyivstar include Who Called and Notify Me. Who Called delivers information about missed calls that the handset does not report, ensuring that the called party never misses the opportunity to know about all calls missed while unreachable (handset off, out of battery, out of service range). Notify Me provides a better customer experience for the caller, sending an SMS the moment that the person they are trying to call becomes reachable. Without having to redial repeatedly until the call can go through, the caller now is assured of the ability to connect with the desired party at the soonest possible moment with a single click. Both services provide extra value to users and pave the way to a higher rate of call completion for the service provider. The suite's next-generation platform is based on the Comverse InSight[TM] Open Services Environment.

"Comverse Call Completion services increase customer satisfaction and create a coherent call flow that can help to monetize every call attempt, proving itself with a fast ROI," said Benny Einhorn, President of Comverse EMEA. "Voice revenues typically account for approximately 80% of operator income, and due to the vast scale involved with a Tier-1 operator like Kyivstar, increases in voice usage and call completion can yield a significant increase in revenues."

About Kyivstar

The national mobile communications operator Kyivstar provides services for more than 23.6 million subscribers (as of January 1, 2008), covering territories where more than 99.9% of the Ukrainian population lives. Kyivstar's network covers all the cities and towns and more than 28 thousand rural settlements, all main national and regional roads, most of the sea and river shores of Ukraine. Kyivstar provides GPRS services all over its coverage territory in Ukraine. Also the company provides international GPRS-roaming services in 113 countries and territories. In total for contract subscribers Kyivstar provides roaming services in 184 countries and territories on five continents. Kyivstar provides the Ukrainian people with modern telecommunication technologies at affordable prices.

Comverse is the world's leading provider of software and systems enabling network-based messaging and content value-added services, prepaid, postpaid and 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 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 investigation or as result of the company's VSOE evaluation; 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 the company's ability to relist its Common Stock on NASDAQ; risks relating to alleged defaults under the company's ZYPS indentures, including acceleration of repayment; risks of litigation (including the pending securities class action and derivative lawsuits and any potential civil injunctive action by the Securities and Exchange Commission) 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 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; 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.