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

Alexander and two other top executives were charged in the US with multiple counts of conspiracy, fraud, money laundering and making false filings.

Comverse Intelligent Networks

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.

In Decembera Fox News report raised the concern that wiretapping equipment provided by Comverse Infosys to the U. Founded inthe company went public on the Nasdaq Stock Market in In Juneresults for fiscal were announced, finally bringing the company current with its annual audited reporting.

ByComverse was best known for its AudioDisk product, which was sold to overseas clients and allowed legal authorities and intelligence agencies to inteligent and store data collected from wiretaps. By the mids, one of its most successful products allowed legal authorities and intelligence agencies to record and store data collected from intercepted communications.

Comverse Technology – Wikipedia

Of the other two executives, William Sorin pleaded guilty to criminal charges and was sentenced to a year in prison in Retrieved 29 May After further mergers Comverse became Xura in and then Mavenir inwhile part of the Comverse business went to Amdocs in 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.


The Wall Street Journal.

Morgan and Barclays said that with its accounting problems largely behind it, some restructuring done, and an improving cash balance and some revenue growth, Comverse Technology was well-positioned for ongoing operations or a possible sale.

InComverse Technology was involved in an options backdating scandal. Retrieved 19 February Dow Jones News Service. Results for fiscal year for the restructured Comverse, Inc.

Comverse Technology

Archived from the original on 13 July Archived from the original on 15 April 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. While no real evidence has been presented against Comverse or Verint, the allegations have become a favorite topic of conspiracy theorists.

Burdick last CEO and Chairman. While headquartered in the U.

Comverse became a market leader in voice messaging software and boomed during the late s with the surge in mobile phone use. The financial crisis of and on caused further difficulties for Comverse Technology, with new layoffs occurring in October[71] March[72] and August On 27 Septemberhe was arrested in Namibia after hiding in Windhoek with his family, where he had bought a house at a country club.

The New York Times. If extradited to the US and convicted, he faced 25 years in prison. Archived from the original on 24 September Much of its funding came from Israeli government subsidies and tax credits provided to research and development for hi-tech firms.

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Comverse Technology had several wholly or partly owned subsidiaries. Further actions followed the end of Comverse Technology.

Comverse One Briggs Rd Ste , Mount Laurel, NJ –

From Wikipedia, the free encyclopedia. The company focused on providing value-added services to telecommunication service providers, in particular to mobile network operators. Binational Industrial Inelligent and Development Foundation. For the former subsidiary’s current ongoing company, see Mavenir.

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.

Retrieved 29 January Intelligdnt 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 intellihent price in July In Augusta series of transactions were announced that would end Comverse Technology as a functioning entity, by making Comverse Network Systems an independent company once again known simply as Comverse, allowing Verint Systems to buy back Comverse Technology’s majority stake, and selling off the other subsidiaries.

Dahan stepped down as CEO. North American Equity Research. By then, Alexander had already fled the country and was classified a wanted fugitive in August by the US Federal Bureau of Investigation.