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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 The stock then traded on the Pink Sheets.
It established a formidable position in the worldwide mobile voicemail management market and sold a popular short message service center SMSC product.
Netqork 19 February Intelljgent of the accounting issues from the option backdating, Comverse Technology was unable to file full or timely financial reports with the SEC. 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. 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.
By the company began a turnaround.
The name “Comverse” is a fusion of the words “communication” and “versatility”. Comverse became a market leader in voice messaging software and boomed during the late s with the surge in mobile phone use.
Further actions followed the end of Comverse Technology. The financial crisis of and on caused further difficulties for Comverse Technology, with new layoffs occurring in October March and August Burdick last CEO and Chairman.
Archived from the original on nitelligent July Archived from the original on 15 April In OctoberComverse Technology finally published its restated financial reports for fiscal years through On 27 Septemberhe was arrested in Namibia after hiding in Windhoek with his family, where he had bought a house at a country club.
This article is about the overall Comverse corporate entity that existed from to These restructuring transactions were completed on 4 February and represented the effective liquidation of the Comverse Technology holding entity.
Comverse Intelligent Networks
Of the other two executives, William Sorin pleaded guilty to criminal charges and was sentenced to a year in prison in He was released on bail and subsequently engaged in a long, and so far successful, battle to avoid extradition to the US  in Namibia neither money laundering nor options backdating is a crime. Comverse also became a participant in networ, 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.
Retrieved 25 February InComverse was involved in an options backdating scandal. 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.
Comverse Technology – Wikipedia
From Wikipedia, the free encyclopedia. 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 neywork company, Efrat Future Technologies Ltd. The two independent companies that carried on its most well-known product lines were a newly independent Comverse and Verint Systems.
Results for fiscal year for the jetwork Comverse, Inc.
Comverse One Briggs Rd Ste , Mount Laurel, NJ –
Archived from the original on 12 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.
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 nftwork management reporting were frequently bypassed. 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.
Retrieved 29 January This page was last edited on 16 Septemberat Alexander fled the country to Namibia where he engaged in a prolonged fight against extradition. Retrieved netwrok December InComverse Technology was involved in an options backdating scandal.
Retrieved 29 May Le Monde in French. By the mids, one of its most successful products allowed legal authorities and intelligence agencies to record and store data collected from intercepted communications.
While headquartered in the U. Founded inthe company went public on the Nasdaq Stock Market in Alexander and two other top executives were charged in the US with multiple counts of conspiracy, fraud, money laundering and making false intelligeng.
The early s comvfrse led to some struggles for Comverse Technology,  with the global economic downturn leading to publicly announced profit warnings  and a plunge in the stock price in July In addition to growing organically, Comverse Technology began acquiring other companies in both Israel and the U.
North American Equity Research. Archived from the original on 24 September Under his lead, Alexander intleligent credited with turning around Comverse’s fortunes.