WAKEFIELD, Mass., Feb. 15, 2012 (GLOBE NEWSWIRE) -- Comverse (Nasdaq:CMVT), a global leader in BSS, mobile Internet, and value-added services, announced today that it has been recognized with the 2011 Stratecast Communications Service Provider (CSP) Billing Global Product Line Strategy Award by leading business research and market consultancy, Stratecast | Frost & Sullivan.
"Based on our extensive analysis of the global CSP billing market, the 2011 Stratecast CSP Billing Global Product Line Strategy Award is presented to Comverse," said Karl Whitelock, Director of OSS/BSS Strategy at Stratecast | Frost & Sullivan. "This award is in recognition of Comverse's forward-looking strategy behind its Comverse ONE® Billing & Active Customer Management solution, which minimizes the risk and cost of migrating from legacy business models towards a new future-proof BSS environment."
Comverse ONE Billing & Active Customer Management solution, the company's flagship BSS offering, provides complete BSS functionality across IT, the network (including policy) and CRM, accelerates time to revenue, and enhances business agility by removing complexity. It remains unique as the only single-system approach to BSS convergence with a unified architecture based on a single data model and a single product catalog. A modular approach allows its customers to utilize the functionality needed now, with the ability to expand into new functional areas over time.
"Unbiased validation of Comverse's unified, yet modular, approach to BSS convergence by one of the industry's most prominent and trusted analysts is further proof that Comverse ONE addresses CSPs' BSS needs now and into the future," said Gabriel Matsliach, Comverse Chief Product Officer. "This coveted honor underscoring our leadership in converged BSS spotlights the strengths and advantages of Comverse ONE that have contributed to its earning the largest convergent market share in both developed and emerging regions."
Closely evaluating more than a hundred billing suppliers, the award process focused on a broad scope of key BSS aspects to benchmark the performance of the contenders. Eventually three top solutions were chosen as finalists for the award, rigorously evaluated and rated, and ultimately the Comverse ONE solution prevailed, scoring 9.8 out of 10 on Frost & Sullivan's proprietary Decision Support Matrix – including perfect 10's on Breadth of Product Line, Impact on Customer Value and Breadth of Applications/Markets Served.
In a recent Stratecast report on marketplace requirements, 98 percent of CSP respondents identify "Best-of-Suite" solutions as "somewhat important" to "essential," demonstrating that the marketplace highly values a complete billing solution from a single supplier. Comverse ONE excelled in the breadth of product line category, addressing all segments of billing: mediation, rating & charging and other core billing, policy management, interconnect & settlements, content partner management and more.
Its modular approach allows customers to utilize the functionality needed now, with the ability to expand into new areas over time; its adaptability allows Comverse ONE to be utilized by CSPs at different stages in their evolution, and in serving different markets. Comverse ONE supports any combination of service, content, network and payment type, and is a trailblazer and leader in Internet data management and monetization and in providing online & converged charging for postpaid environments.
This CSP Billing Global Product Line Strategy Award provides further evidence that Comverse, through Comverse ONE, separates itself from the pack with a complete solution that brings exceptional value to any CSP in any market.
Click for more information about Comverse BSS and about Comverse at Mobile World Congress.
About Stratecast
Stratecast collaborates with our clients to reach smart business decisions in the rapidly evolving and hyper-competitive Information and Communications Technology markets. Leveraging a mix of action-oriented subscription research and customized consulting engagements, Stratecast delivers knowledge and perspective that is only attainable through years of real-world experience in an industry where customers are collaborators; today's partners are tomorrow's competitors; and agility and innovation are essential elements for success. Contact your Stratecast Account Executive to engage our experience to assist you in attaining your growth objectives.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.
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.