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Comverse Data Management & Monetization Policy Studio Wins "Best New Product Or Service Of The Year" Award

"By helping to speed up the time and lower the cost of getting from plan vision to actual policy plan definition, the Policy Studio puts CSPs in the perfect position to quickly react to evolving subscriber needs and market dynamics," said Amos Marom, Senior Vice President, and Head of the Mobile Internet Business Unit at Comverse. "This award gives independent validation of the innovativeness and excellence of the Policy Studio. Additional proof of the solution's value is that within just months of its introduction, the Policy Studio has already been selected and put to use by a number of key CSPs around the globe."

View a video about the Comverse Data Management & Monetization Policy Studio and meet with us at Broadband Traffic Management in London November 6-8, 2012.

About the Stevie Awards

Stevie Awards are conferred in four programs: The International Business Awards, The American Business Awards, the Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about The Stevie Awards at www.StevieAwards.com

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. 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 .

The Comverse Technology logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=13267

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, 2012 filed with the SEC on April 2, 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.

CONTACT: Paul D. Baker
         Comverse Technology, Inc.
         paul.baker@cmvt.com
         (212) 739-1060

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