WAKEFIELD, Mass., Dec. 10, 2012 (GLOBE NEWSWIRE) -- In a featured presentation at the Forum of Technology and Innovation in Rio de Janeiro on December 11-13 2012, Comverse® (Nasdaq:CNSI), the global leader in business enablement through BSS, mobile Internet, value-added and managed services, will outline opportunities offered by machine-to-machine (M2M) solutions, and highlight current success stories and strategies to promote fast M2M growth.
Comverse's presentation Machines Will Soon Be Some of Your Best Customers: Capitalize on M2M Opportunities will be delivered by Palani Vel, Comverse Latin America Head of Technology and New Domains, on December 13th as a key part of the 3rd Forum of Technology and Innovation. Inaugurating Oi's Academy of Technology, the event will take place in Rio de Janeiro December 11-13, 2012, with the participation of Francisco Valim, president of Oi, one of Brazil's largest operators, with nearly 40 million subscribers.
With mobile penetration nearing 100% in many regions, M2M represents a vast "blue ocean" opportunity for communication service providers to significantly expand the number of connections and leverage their assets to provide compelling new services to an increasingly connected world. Billions of connected devices can be incorporated into a rapidly growing variety of applications: automotive, utilities, m-health, security, remote diagnostics and beyond.
"I would like to thank Oi for selecting Comverse to speak at the inauguration of Oi's Academy of Technology. Comverse's innovative field-proven M2M solution, part of our comprehensive solution portfolio with key elements such as Comverse ONE® Billing & Active Customer Management integrated with Data Management and Monetization, Service Enablement Middleware, is instrumental in helping service providers around the world to become M2M service enablers," said Raman Abrol, Comverse Managing Director of Caribbean & Latin America. "Now is the ideal time for service providers in this region to capitalize on M2M opportunities that open up new business models in rapidly developing vertical industries."
Contact us to explore how to begin monetizing your M2M growth opportunities and to meet with Comverse experts at the Forum of Technology and Innovation in Rio de Janeiro.
About Comverse
Comverse is the world's leading provider of software and systems for business enablement through converged billing and active customer management, mobile Internet, value-added and managed services. A global company headquartered in the US, 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 is ranked number 55 in PwC's Global 100 Software Leaders based on research by Pierre Audoin Consultants. 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 Registration Statement on Form 10 filed with the SEC on October 10, 2012 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.