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Much of its funding came from Israeli government subsidies and tax credits provided to research and development for hi-tech firms.

Retrieved 29 January Additionally affected by the financial crisis of and on and changes in the mobile phone market, the company underwent several rounds of large-scale layoffs and sold off parts of its business.

It established a formidable position in the worldwide mobile voicemail management market and sold a popular short message service center SMSC product.

Comverse Technology

Comverse became a market leader in voice messaging software and boomed during the late s with the surge in mobile phone use.

Binational Industrial Research and Development Foundation. Archived from the original on 13 July In September after a merger this new Comverse entity changed its name to Xura and after a further series of acquisitions and mergers in February it became part of Mavenir.

Founded inthe company went public on the Nasdaq Stock Market in Because of the accounting issues from the option backdating, Comverse Technology was unable to file full or timely financial reports with the SEC. After further mergers Comverse became Xura in and then Mavenir inwhile part of the Comverse business went to Amdocs in Alexander fled the country to Namibia where he engaged in a prolonged fight against extradition.

Pages using web citations with no URL Pages using citations with accessdate and no URL CS1 French-language sources fr All articles with dead external links Articles with dead external links from January Articles with permanently dead external links Good articles Pages using deprecated image syntax Use dmy dates from November The name “Comverse” is a fusion of the words “communication” and “versatility”.


The Wall Street Journal. He was released on bail and subsequently engaged in a long, and so far successful, battle to avoid extradition to the US [63] in Namibia neither money laundering nor options backdating is a crime. This page was last edited on 16 Septemberat In Juneresults for fiscal were announced, finally bringing the company current with its annual audited reporting.

By the mids, one of its most successful products allowed legal authorities and intelligence agencies to record and store data collected from intercepted communications. During andComverse Technology divested itself of all its holdings and ceased to exist.

While no real evidence has been presented against Comverse or Verint, the allegations have become a favorite topic of conspiracy theorists. Retrieved 25 February Comverse Technology had several wholly or partly owned subsidiaries. These restructuring transactions were completed on 4 February and represented covmerse effective liquidation of the Comverse Technology holding entity.

Comverse Intelligent Networks

Now Get Them All”. Dow Jones News Service. Comverse was one of the most prominent and profitable success stories in Intellitent hi-tech industrywith both Haaretz and The Jerusalem Post referring to it as a flagship of that industry. This article is about the overall Comverse corporate entity that existed from to Results for fiscal year for the restructured Comverse, Inc.

The financial crisis of and on caused further difficulties for Comverse Technology, with new layoffs occurring in October[71] March[72] and August By earlyComverse Technology was planning to finally release an annual report with full financial statements and return to being fully listed on Nasdaq, but still was anticipating more layoffs.

Further actions followed the end of Comverse Technology. From Wikipedia, the free encyclopedia. Archived from the original on 12 July The early years of the company were difficult; inthey founded Comverse in the United States, cmverse became the parent company of Efrat. Retrieved 29 May Retrieved 31 December Le Monde in French.


Comverse also became a participant in forming international wireless standards, such as in for the Speech Application Language Tags SALT markup language for XML to add voice capabilities to web-based applications. While headquartered in the US, most of the company’s research and development was done in Israel; Comverse became one of the more visible success stories in Israel’s hi-tech industry. The two independent companies that carried on its most well-known product netwok were a newly independent Comverse and Verint Systems.

Comverse One Briggs Rd Ste , Mount Laurel, NJ –

Archived from the original on 15 April This hardware would render the ‘listener’ himself ‘listened to’. In addition to growing organically, Comverse Technology began acquiring other companies in both Israel and the U.

The early s recession led to some struggles for Comverse Technology, [12] with the global economic downturn leading to publicly announced profit warnings [45] and a plunge in the stock price in July Burdick last CEO and Chairman. Intelligeht headquartered in the U. For the former subsidiary’s current comversw company, see Mavenir.

Comverse Technology – Wikipedia

Of the other two executives, William Sorin pleaded guilty to criminal charges and was sentenced to a year in prison in Dahan nehwork down as CEO. ByComverse was best known for its AudioDisk product, which was sold to overseas clients and allowed legal authorities and intelligence agencies to record and store data collected from wiretaps.

North American Equity Research.