Comverse Technology Inc. (Pink Sheets: CMVT.PK) will supply its Comverse Kenan FX to Philippines Long Distance Telephone Company (PLDT) (PSE:TEL; NYSE:PHI), and its wholly owned cellular subsidiary SMART, as the companies’ billing platform for fixed, mobile and convergent services.
Market sources estimate the contract at tens of millions of dollars.
Kenan FX provides a set of customer lifecycle management software solutions - from ordering and activation to charging and payments - supporting a host of fixed, mobile and interactive communication services. Kenan FX is part of Comverse's billing portfolio, which allows operators to increase market agility and improve operational efficiency. Comverse billing solutions support multiple services, networks and payment types, allowing businesses to build revenues and loyalty by providing customers with choice, convenience and control.
In late 2005, Comverse acquired the GSS (Global Software Services) division and certain related assets of CSG Systems International, Inc. (Nasdaq: CSGS) for $251 million in cash. The acquisition made it possible for the company to develop and offer a post-paid billing solution. Until then, Comverse only had a prepaid billing solution, and was not considered a major player in the billing market.”
At a recent press conference, outgoing Comverse CEO Zeev Bregman said, “Our products reflect the company’s switch from a one-product company - voice mailboxes - which were 5-6 years ago, to a company with a much wider and more varied portfolio.
Published by Globes [online], Israel business news - www.globes.co.il - on March 6, 2007
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