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

Retrieved 29 May 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. The nehwork focused on providing value-added services to telecommunication service providers, in particular to mobile network operators. While headquartered in the U. Alexander fled the country to Namibia where he engaged in a prolonged fight against comvedse.

Now Get Them All”.

This hardware would render the ‘listener’ himself ‘listened to’. Further actions followed the end of Comverse Technology. Archived from the original on 13 July From Wikipedia, the free encyclopedia.

By the mids, one of its most successful products allowed legal authorities and intelligence agencies to record and store data collected from intercepted communications. The company was also quintessentially Israeli in how it was run, with Comverse CEO Ze’ev Bregman in particular favoring a loose, relaxed system in which he knew all the employees and lines of management reporting were frequently bypassed.

Dow Netwofk News Service. The company’s origins date to orsources differwhen three Israelis, aspiring investment banker Jacob “Kobi” Alexander of Shearson Loeb Rhoadesengineer Boaz Misholi, and Alexander brother-in-law and Columbia University computer science professor Yechiam Yemini, got together and founded an Israeli start-up company, Efrat Future Technologies Ltd.


InComverse was involved in an options backdating scandal.

Comverse One

In Juneresults for fiscal were announced, finally bringing the company current with its annual audited reporting. Alexander and two other top executives networrk charged in the US with multiple counts of conspiracy, fraud, money laundering and making false filings.

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. By then, Alexander had already fled the country and was classified a wanted fugitive in August by the US Federal Bureau of Investigation. Results for fiscal year for the restructured Comverse, Inc. If extradited to the US and convicted, he faced 25 years in prison.

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 By the company began a turnaround.

In OctoberComverse Technology finally published its restated financial reports for fiscal years through After further mergers Comverse became Xura in and then Mavenir inwhile part of the Comverse business went to Amdocs in This article is about the overall Comverse corporate entity that existed from to 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.

The Wall Street Journal. By using this site, you agree to the Terms of Use and Privacy Policy. The financial crisis of and on caused further difficulties for Comverse Technology, with new layoffs occurring in October[71] March[72] and August In Decembera Fox News report raised the concern that wiretapping equipment provided by Comverse Infosys to the U. These restructuring transactions were completed on 4 February and represented the effective liquidation of the Comverse Technology holding entity.


The stock then traded on the Pink Sheets. Comverse was one of the most prominent and profitable success stories in Israel’s hi-tech industrywith both Haaretz and The Jerusalem Post referring to it as a flagship of that industry. Because of the accounting issues from the option backdating, Comverse Technology was unable to file full or timely financial reports with intelljgent SEC.

The name “Comverse” is a fusion of the words “communication” and “versatility”. Nrtwork no real evidence has been presented against Comverse or Verint, the allegations have become a favorite topic of conspiracy theorists. Archived from the original on 15 April The early s recession led to some struggles for Comverse Intellivent, [12] with the global economic downturn leading to publicly announced profit warnings [45] and a plunge in the stock price in July Comverse Technology had several wholly or partly owned subsidiaries.

Dahan stepped down as CEO. Burdick last CEO and Chairman.

Comverse Technology – Wikipedia

In addition to growing organically, Comverse Technology began acquiring other companies in both Israel and the U. 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. The scandal proved difficult for Comverse Technology to recover from. The early years of the company were difficult; inthey founded Comverse in the United States, which became the parent company of Efrat.

Retrieved 31 December