WAKEFIELD, Mass., Jan. 23, 2012 (GLOBE NEWSWIRE) -- Comverse (Nasdaq:CMVT), a global leader in BSS, Mobile Internet and Value-Added Services, announced today that the Online & Converged Charging deployment mode of its flagship Comverse ONE® Billing and Active Customer Management solution is bringing real-time charging to postpaid environments, addressing the growing need of Communication Service Providers (CSPs) around the world for real-time capabilities.
Online charging enables postpaid systems to better monetize data services, improving the experience of users through timely notifications, real-time balance & spending management and more. Comverse ONE's productized integration with Comverse Kenan and other postpaid billing systems offers a speedy, phased path to convergence that protects and leverages existing investment, preventing the need for expensive IT transformation projects.
Spanning policy to billing with a telco-specific approach to CRM, Comverse's market-leading single-system BSS solution fuels business transformations and entry into new lines of business, delivering a consistently superior customer experience. It is deployable in a variety of ways, enabling CSPs to take their optimal route to subscriber and revenue growth, rapid time to market, use of real-time marketing, and account updates.
For example, a Comverse ONE customer recently launched new business models, expanding existing digital television services with advanced real-time rating and charging, leading to increased profitability. Another operator uses Comverse ONE online and converged charging capabilities to augment its Comverse Kenan postpaid billing system with key real-time advantages such as spending control capabilities — experiencing significant postpaid subscriber growth as a result. The foundation for service providers to embark on full business transformation including CRM, Comverse ONE deployments have an established record of lowering network costs and accelerating time to market.
Ari Banerjee, Senior Analyst with leading industry analyst firm Heavy Reading, observes that "a majority of Communications Service Providers, especially mobile operators, signaled in a recent global survey that they will migrate to converged billing within the next two years. Besides improved operational efficiency and having a single place for offer definition, over 85% of mobile operators cited enhanced customer care options for prepaid users and real-time credit control for postpaid subscribers as important benefits driving their converged billing plans."
"One of the first companies with a convergent real-time solution, Comverse continues at the forefront of the market," said Roni Levy, Head of Comverse BSS. "With a constantly expanding client base and a streamlined, phased approach to full convergence for our Kenan installed base and other postpaid systems, Comverse ONE has captured a leading convergent market share in both developed and emerging regions."
About Comverse
Comverse is the world's leading provider of software and systems enabling converged billing and active customer management, mobile Internet, and value-added services. Comverse's extensive customer base spans more than 125 countries and covers over 450 communication service providers serving more than two billion subscribers. The company's innovative product portfolio enables communication service providers to unleash the value of the network for their customers by making their networks smarter. Comverse's solutions support flexible deployment models, including in-network, cloud, hosted and managed services. Comverse, ranked number 55 in PwC's Global 100 Software Leaders based on research by Pierre Audoin Consultants, is a subsidiary of Comverse Technology, Inc. (Nasdaq:CMVT). For more information, visit www.comverse.com.
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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 for the fiscal year ended January 31, 2011 filed with the SEC on May 31, 2011 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.