Australian Multi-Play Media Company AUSTAR Upgrades to Next-Gen Comverse Billing Solution for All Business Lines

Comverse, the world's leading supplier of software and systems enabling network-based multimedia enhanced communication and billing services, today announced that AUSTAR, a leading Australian multi-play media company, has upgraded to the next-generation Comverse Kenan® FX Billing Solution to support its subscription television, mobile communications and broadband businesses. "We believe the Comverse Billing Solution provides the most reliable support for our business and allows easy and timely launch of new services – a critical capability as we plan for the future,” said Dean Walters, CIO of AUSTAR. "The decision to extend our relationship with Comverse was based on the value we have derived from Comverse as a capable and trustworthy partner, and knowing that to achieve fast time-to-market for new services, we required the advanced features that the Comverse Billing Solution delivers. We were very pleased with the short timeline of the project, which we credit to the close collaboration between Comverse Professional Services and the AUSTAR team.” Comverse Billing Solutions are optimized for the converging communications market, and provide an advanced set of real-time customer management capabilities, from customer self-service, ordering and activation, through real-time charging and payments. Comverse Billing Solutions have been widely adopted around the globe and have delivered solid ROI to clients. "AUSTAR is an excellent example of a longstanding Comverse customer who has leveraged our Billing Solution to meet its business goals,” said Eitan Achlow, President of Comverse Asia Pacific. "The ability to upgrade to the next-generation Comverse Kenan FX Billing Solution in an efficient manner supports operators’ growth and business evolution. Overall, this project has been marked by a tight deployment schedule with successful fulfillment of all goals set at the outset – on budget and on time.” About AUSTAR Established in 1995, AUSTAR's television business is the company's core business. Since its establishment, AUSTAR's television subscriber base has grown to more than 658,087 (as of September 30, 2007), ranking it as Australia's second largest subscription television operator (behind FOXTEL), and the largest operator in its market of regional and rural Australia. AUSTAR is the sole provider of subscription television services in substantially all of its service area (approximately 2.4m homes, one-third of Australia's total homes), primarily using digital satellite technology. AUSTAR also operates a digital cable network in Darwin. About Comverse Comverse is the world’s leading provider of software and systems enabling network-based messaging and content value-added services, converged billing and IP communications. Comverse solutions generate revenues, strengthen customer loyalty and improve operational efficiency for over 500 communication service providers in more than 130 countries. The company's Total CommunicationSM portfolio facilitates personalized lifestyles in an evolving connected world and is based on the InSight™ Open Services Environment. Comverse’s solutions support flexible deployment models, including in-network, hosted and managed services, and can run on circuit-switched, VoIP, IMS and converged network environments. Comverse is a subsidiary of Comverse Technology, Inc. (CMVT.PK). For more information, visit www.comverse.com. All product and company names mentioned herein may be registered trademarks or trademarks of Comverse or the respective referenced company(s). This release contains "forward-looking statements” under the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. There can be no assurances 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 results of the investigation of the Special Committee, appointed by the Board of Directors on March 14, 2006, of matters relating to the company’s stock option grant practices and other accounting matters, including errors in revenue recognition, errors in the recording of deferred tax accounts, expense misclassification, the possible misuse of accounting reserves and the understatement of backlog; the impact of any restatement of financial statements of the company or other actions that may be taken or required as a result of such investigation or as result of the company’s VSOE evaluation; the company’s inability to file reports with the Securities and Exchange Commission; the effects of the delisting of the company’s Common Stock from Nasdaq and the quotation of the company’s Common Stock in the "Pink Sheets,” including any adverse effects relating to the trading of the stock due to, among other things, the absence of market makers; risks relating to the company’s ability to relist its Common Stock on NASDAQ; risks relating to alleged defaults under the company’s ZYPS indentures, including acceleration of repayment; risks of litigation (including the pending securities class action and derivative lawsuits) and of governmental investigations or proceedings arising out of or related to the company’s stock option practices or any other accounting irregularities or any restatement of the financial statements of the company, including the direct and indirect costs of such investigations and restatement; risks related to Verint Systems Inc’s. merger with Witness Systems, Inc., including risks associated with integrating the businesses and employees of Witness; risks associated with integrating the businesses and employees of the Global Software Services division acquired from CSG Systems International, Netcentrex S.A. and Netonomy, Inc.; changes in the demand for the company’s products; changes in capital spending among the company’s current and prospective customers; the risks associated with the sale of large, complex, high capacity systems and with new product introductions as well as the uncertainty of customer acceptance of these new or enhanced products from either the company or its competition; risks associated with rapidly changing technology and the ability of the company to introduce new products on a timely and cost-effective basis; aggressive competition may force the company to reduce prices; a failure to compensate any decrease in the sale of the company’s traditional products with a corresponding increase in sales of new products; risks associated with changes in the competitive or regulatory environment in which the company operates; risks associated with prosecuting or defending allegations or claims of infringement of intellectual property rights; risks associated with significant foreign operations and international sales and investment activities, including fluctuations in foreign currency exchange rates, interest rates, and valuations of public and private equity; the volatility of macroeconomic and industry conditions and the international marketplace; the risk of declines in information technology spending; risks associated with the company’s ability to retain existing personnel and recruit and retain qualified personnel; and other risks described in filings with the Securities and Exchange Commission. The company undertakes no commitment to update or revise forward-looking statements except as required by law.