M1 Upgrades From Comverse Kenan to Comverse ONE to Support
    Exciting New Services through Real-Time Rating & Charging,
     Account Management & Spend Control and Targeted Marketing

WAKEFIELD, Mass., June 13, 2012 (GLOBE NEWSWIRE) -- Comverse(R)
(Nasdaq:CMVT), the global leader in business enablement through BSS,
mobile Internet, value-added and managed services, and M1 Limited (M1),
a leading provider of mobile, broadband and fixed communications
services in Singapore, today announced M1's selection of Comverse
ONE(R) Converged Billing to provide its postpaid users with a wide
range of new real-time benefits, such as a real-time view of
consumption and comprehensive real-time account management.

Following more than 10 years as a satisfied Comverse Kenan billing
solution user, M1 will upgrade to Comverse ONE to take advantage of
real-time capabilities for its postpaid subscribers. With the upgrade
to Comverse ONE, M1 will become the first service provider in Southeast
Asia to leverage real-time rating capabilities for selected postpaid
services to enhance customers' service experience, specifically in
spend/budget control, whereby customers will be able to better control
their usage and spending on mobile services.

Comverse ONE enables smart differentiation of data services, improving
the experience of users, as well as providing real-time balance &
spending management, timely notifications, and more. The infrastructure
will handle converged billing of postpaid customers across the
expanding range of multi-play and LTE services offered by M1.

"We are delighted to introduce and incorporate this new solution to
improve our customers' user experience. M1 customers will appreciate
and enjoy the convenience of real-time benefits, such as instant access
to real-time information on usage and expanded control over spending,"
said Alan Goh, Chief Information Officer, M1 Limited.

"Comverse BSS has helped support M1's growth over the last decade in a
very competitive market," said Weiming Li, Vice President and General
Manager of Comverse Asia Pacific. "We look forward to our expanded
partnership as this dynamic operator drives innovation, improving the
user experience and customer support, capitalizing on rapid data
growth, and implementing new business models to achieve ever-greater
levels of success."

Click here to learn more about how Comverse ONE monetizes the new
exceedingly connected telecom space.

About M1 Limited

M1 is Singapore's most vibrant and dynamic communications company,
providing mobile and fixed services to over 2.0 million customers.
Established in 1997, M1 achieved many firsts, including the first
operator to launch ultra high-speed fixed broadband, fixed voice and
other services on the Next Generation Nationwide Broadband Network
(NGNBN). With a continual focus on network quality, customer service,
value and innovation, M1 links anyone and anything; anytime, anywhere.
For more information, visit www.m1.com.sg.

About Comverse

Comverse is the world's leading provider of software and systems
enabling 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, ranked number 55 in PwC's Global 100
Software Leaders based on research by Pierre Audoin Consultants, is a
subsidiary of Comverse Technology, Inc. (Nasdaq:CMVT). For more
information, visit www.comverse.com.

The Comverse Technology logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=13267

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 Annual Report on Form 10-K for
the fiscal year ended January 31, 2012 filed with the SEC on April 2,
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.


CONTACT: Paul D. Baker
         Comverse Technology, Inc.
         paul.baker@cmvt.com
         (212) 739-1060