Industry Report: Comverse is #1 Globally in Convergent Charging
Published on Wednesday, 27 June 2012 07:08 Written by TradersHuddle Staff
WAKEFIELD, Mass., June 27, 2012 (GLOBE NEWSWIRE) -- Comverse® (Nasdaq:CMVT), the global leader in business enablement through BSS, mobile Internet, value-added and managed services, today announced that Comverse is the global convergent charging market share leader –– ranked #1 in the world in a comprehensive industry study.
In Convergent Charging Software and Services – Bi-annual Worldwide and Regional Market Share, Size, and Forecasts (June, 2012), prominent telecom and datacom market research firm Infonetics Research names Comverse as the revenue leader in the convergent charging segment.
Comverse's #1 ranking reflects the migration of existing customers to convergence, as well as new projects in a number of regions. Unifying critical business functions around a single data model, Comverse ONE is valued by communication service providers (CSPs) for enabling them to secure a more central and profitable position in the increasingly connected and converged world. This approach is powered by Comverse's strengths in both real-time rating/charging and IT-based billing.
"Comverse ONE's pre-eminence in the convergent BSS market derives from its innovative unified approach to convergence," said Gabriel Matsliach, SVP, Chief Product Officer at Comverse. "Success breeds success: the fact that our solution is proven to deliver outstanding business results positively impacts strategic decisions made by both existing and new customers."
"Comverse ONE is being leveraged around the world to meet the diverse needs of a broad range of CSPs, from full business transformation to supporting operators' entry into new businesses, such as MVNO/MVNE, M2M, cloud-based services and beyond," noted Matsliach. "In addition, various CSPs, including Comverse Kenan customers, are leveraging Comverse ONE's convergence capabilities side-by-side with existing ecosystems, providing real-time experience, choice & control to their postpaid subscribers," Matsliach observed. "This can be further augmented by providing smarter monetization for data services, leveraging our integrated policy management and enforcement."
"Our leadership in converged billing, in tandem with our global leadership in value-added services (VAS), bears eloquent testimony to the strength, depth and innovative capabilities of our entire portfolio – and to the value it provides to CSPs around the world," concluded Matsliach.
"Comverse has staked a strong leadership position in an important and lucrative field," said Shira Levine, Directing Analyst, Next Gen OSS and Policy at Infonetics Research. "CSPs are eager to replace the multiple billing systems of legacy stove-pipe environments with real-time convergent charging for more flexible solutions, new business/ service models, shared data plans, cost savings and more. Convergent charging is key to boosting user satisfaction and accelerating monetization of new opportunities."
Infonetics forecasts rapid, sustained growth in the convergent charging market, which it estimates will more than double to $3.9 billion by 2016.
Click to learn how Comverse ONE can help you achieve new levels of agility and success in a world of connected possibilities.
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.
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