Gani Nayak Named Senior Vice President, Systems & Solutions of Comverse, Inc.

WAKEFIELD, Mass., Nov 12, 2012 (GlobeNewswire via COMTEX) -- Comverse(R) (Nasdaq:CNSI), the global leader in business enablement through BSS, mobile Internet, value-added and managed services, today announced that Narasimha "Gani" Nayak will join the company as Senior Vice President, Systems & Solutions, effective November 14, 2012. In this new position, Mr. Nayak will be responsible for all Comverse ("CNS") product marketing, delivery and maintenance.

"Gani Nayak is an experienced executive with an extensive background in payment, billing, messaging and value-added services solutions for mobile network operators. He has a deep understanding of the mobile software and equipment space through various General Manager, product management, marketing, engineering and R&D leadership roles throughout his career," said Philippe Tartavull, Comverse, Inc.'s President and Chief Executive Officer. "Gani has a strong track record for improving the effectiveness and efficiency of business operations and driving financial performance and customer satisfaction, and he will be an outstanding addition to the CNS team." "I am very pleased to join CNS, a company I am familiar with through its strong reputation for innovation and leadership in the converged BSS, mobile Internet and Value-Added Services markets, and I look forward to helping the company achieve future growth and success," said Mr. Nayak.

About Gani Nayak Mr. Nayak has held a variety of leadership positions in the telecommunications arena over the past two decades. For the past six years he has served at Alcatel-Lucent in roles including SVP and General Manager, Mobile Payment and Charging Solutions, SVP & GM, Interactive Media and Communications division, and VP & GM, Messaging Products Group. Prior to that, he was VP & GM at Openwave Systems' Messaging Business Unit, and before that, he led the Unified Communications activities at Logica/CMG. In several previous positions, he managed and developed systems involving technologies and domains including unified communications, Internet telephony, and digital cellular networks at Cisco Systems, ECI Telecom, and Hughes Network Systems. Mr. Nayak holds an MBA from Duke University, an MS in Electrical Engineering from the University of Maryland, and a BS in Electrical Engineering from National Institute of Technology Karnataka, Surathkal, India.

About Comverse Comverse ("CNS") 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 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.

The Comverse, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/ pkgid=15512 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.

This news release was distributed by GlobeNewswire, www.globenewswire.com SOURCE: Comverse, Inc.

(Logo: http://media.primezone.com/cache/23311/int/16451.jpg) CONTACT: Paul D. Baker Comverse, Inc.

paul.baker@comverse.com (212) 739-1060

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