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

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."