Comverse Expands Relationship With Telecom Italia Group for Enterprise Billing, Business Transformation

By GlobeNewswire,  July 22, 2014, 07:00:00 AM EDT


Evolution of Comverse Kenan FX Postpaid Consolidates Operations, Replacing Legacy Competitor Solution

WAKEFIELD, Mass., July 22, 2014 (GLOBE NEWSWIRE) -- Comverse (Nasdaq:CNSI), a global leader in enterprise and telecom business enablement, today announced the recent successful migration of fixed-line customers in an extension of its relationship with Telecom Italia, the leading Italian ICT group. The consolidation of the BSS ecosystem with Kenan FX will more efficiently support the rating and billing of fixed and mobile consumer and corporate customers in Italy.

Replacing a legacy competitor solution, this expansion includes transfer of all charging functionality for corporate subscribers - key contributors to business success - to the Comverse Kenan FX solution. Comverse is also the prime systems integration contractor.

Capitalizing on Business Opportunities, Cost Efficiencies

"We believe that this further system consolidation, based on previous integrations with Comverse, will help us to capitalize on business opportunities and reduce costs," said Gianluca Pancaccini, Telecom Italia Chief Information Officer. "Comverse has proven itself over the years to be a strong and innovative partner for the group in terms of effective product-based solutions and we look forward to continuing mutual success."

"Comverse provides Telecom Italia with crucial agility to support growth and efficiency of its enterprise business, while enhancing every aspect of the customer lifecycle," commented Denis Bernaert, Comverse Senior Vice President, and Managing Director EMEA. "We value the trust we have earned from Telecom Italia over the years, and will continue as prime contractor to help them meet business objectives and maintain their unparalleled standards of service excellence."

Extending the BSS Environment to Unlock Value

Comverse recently announced a new release of the Comverse Kenan FX billing solution, with additional capabilities that enable service provider customers to extend their BSS environments to meet evolving business needs and unlock value for both consumers and businesses.

"The forward-looking product plans of the Comverse Kenan FX billing solution are tailored to meet the evolving needs of our existing customer base of over one hundred as well as new service providers," said Robert Barrows, Comverse Enterprise and Subscription-Based Billing Global Leader. "We offer our Kenan customers and enterprises an effective set of options to leverage Comverse's rich product and services offering to enhance, evolve or transform their business support ecosystem to address today's complex global business needs and embrace new opportunities."

Learn more about how Comverse BSS solutions can provide you with agility to exploit new networks, markets, products, business models and partnerships; contact us at www.comverse.com.

About Telecom Italia Group

Telecom Italia is the leading Italian ICT group and an important player on the Latin American market, where TIM Brasil is a major operator in the country.

Its offer is focused on advanced and integrated solutions for consumers, businesses and institutions and includes: telecommunications, internet, digital and media content, cloud computing, office and system solutions. These are provided by well-known and reliable brands, including TIM and Olivetti, through which the Group maintains close links with its customers.

Telecom Italia strategy is based on innovation and the Group is investing in the development of cloud computing and new generation ultra-broadband fixed and mobile network.

About Comverse

Comverse is a leading global provider of telecom business solutions that enable enterprise and communication service provider success in the hyper-connected world through service innovation and smart monetization. The company's proven and innovative product portfolio includes BSS, Policy Management (PCRF) and Enforcement and Digital & Value Added Services - all backed by Managed and Professional Services. Comverse's extensive customer base spans more than 125 countries with solutions successfully delivered to over 450 communication service providers serving more than two billion subscribers. Comverse's solutions are available in a variety of delivery models, including on-site, cloud, hosted/SaaS and managed services. For more information, visit www.comverse.com.

Statements included or incorporated by reference in this press release may contain "forward-looking statements." There can be no assurance 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 risks described in the section entitled "Forward-Looking Statements" Item 1A, "Risk Factors" and elsewhere in the company's Annual Report on Form 10-K filed with the SEC on May 16, 2013 or in subsequently filed periodic, current or other reports. The company undertakes no commitment to update or revise forward-looking statements except as required by law.

CONTACT: Thomas SabolComverse, Inc.thomas.sabol@comverse.com
         +1-781-224-8200

Source: Comverse, Inc.

This article appears in: News Headlines

Referenced Stocks: CNSI


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