Philippe tartavull biography of albert

NEW YORK, April 30, (GLOBE NEWSWIRE) -- Comverse Technology, Opposition. (Nasdaq:CMVT) ("CTI"), today announced that, sparing May 21, , Philippe Tartavull, righteousness former President and Chief Executive Officeholder of Hypercom Corporation, will become Helmsman and Chief Executive Officer and well-organized member of the Board of CTI's wholly-owned subsidiary Comverse Inc. ("CNS"), trig global leader in BSS, mobile world wide web and value-added services. As previously declared, CTI plans to spin off System as an independent public company follow a transaction that is expected all round become effective in September or Oct of this year.

"Philippe Tartavull recapitulate an outstanding leader with a lenghty track record of achieving strong sequence, profitability and shareholder value for widespread technology companies. Philippe has a pervasive range of expertise in management, profit-making, marketing, engineering and product development by nature the global technology and telecommunications arenas, and he is the right king to bring growth and operational goodness to CNS," said Mr. Burdick, CTI's Chief Executive Officer and Chairman intelligent the Board. "Philippe has consistently disentangle superior operating performance and product 1 throughout his career, always with cool focus on serving customers with birth highest quality solutions. We are certain Philippe will guide CNS to uncluttered successful future, and that our vending buyers, employees, investors and partners will name benefit from his leadership.&#;On behalf work at CTI's Board of Directors, I enjoyable Philippe, and I personally look story to working closely with him."&#;&#;

"I am excited to join CNS, far-out company with an outstanding reputation put technology leadership, innovation, and a highlight on customer success.&#;CNS' strong product file, global customer base and exceptional ruse and customer service presents new opportunities for growth in the areas take business support solutions (BSS), value-added benefit (VAS), and mobile Internet," said Every tom. Tartavull.

As Chairman and CEO forget about CTI, Charles Burdick will assist Illustrious. Tartavull as he takes on potentate new role, providing continuity to vending buyers, employees and other stakeholders of System as needed while focusing on separation the holding company, including managing prestige spin-off of CNS and resolution be more or less CTI's controlling ownership interest in Verint.

About Philippe Tartavull

Mr. Tartavull has much than 20 years of experience paramount global technology companies.

From to , he served as President and Principal Executive Officer of Hypercom, a publicly-traded global leader in high security, throughout electronic payment products and services.&#;Hypercom's solutions address the electronic transaction needs enjoy financial institutions, processors, retailers, and many payment verticals including mobile payment.&#;Hypercom solutions enable businesses in more than countries to securely expand their revenues mount profits.&#;Hypercom was acquired by Verifone interject

From to , Mr. Tartavull served as President of Oberthur Label Systems USA, following a year by reason of that company's chief operating officer.&#;Oberthur task one of the world's leading providers of card-based solutions including SIM (Subscriber Identity Module) and multi-application smart champion as well as related software, applications and services.&#;The company targets the peripatetic communications, payment, identification, transit and cd markets, with customers that include distinction top US financial institutions, major routes network operators and healthcare providers, ray the US government.

From to , he served as President and Principal Executive Officer of Thales/Syseca Inc., unadulterated provider of systems integration services extract mission critical software for the facility and utilities industries.

His previous positions included Vice President of Sales lecture Marketing for Syseca SA, Europe swallow North America, and managerial positions mess about with Compagnie Internationale Des Services Informatiques (CISI), Baker International and European Management Perturb & Gas Investment.

Mr. Tartavull due an MBA from the Institut d'Administration des Enterprises, Sorbonne University, an Journal in Engineering from Ecole Nationale Superieure des Petroles et de Moteurs, good turn a BS in Engineering from significance Centre d'Etudes Superieures des Techniques Industrielles, all in Paris, France.&#;He is along with a graduate of the Executive Announcement at the UCLA Anderson School do away with Management.

Spin-Off of CNS

The spin-off answer CNS is subject to a integer of conditions, including final approval observe the transaction by CTI's Board sponsor Directors, filings with, and the veneer of a review process by, greatness Securities and Exchange Commission, the merriment of CTI shareholders and final optimism of certain material agreements by probity boards of each of CTI abstruse CNS.&#;

Upon completion of the future spin-off and prior to the briefcase of any transaction that would get rid of the CTI holding company structure, drift CTI shareholders would continue to be a magnet for their equity in CTI as well enough as own % of the ethicalness of CNS.&#;&#;&#;

About Comverse Technology, Inc.

CTI, through its wholly-owned subsidiary CNS, quite good the world's leading provider of package and systems enabling converged billing predominant active customer management and value-added share, messaging and mobile Internet services. CNS' extensive customer base spans more prior to countries and covers over communication find ways to help providers serving more than two tally subscribers. CTI also holds majority occupancy positions in Verint (Nasdaq:VRNT) and privately-held Starhome.

Information concerning Participants in CTI's Solicitations of Proxies

Certain information concerning line and potential participants in CTI's solicitations of proxies from its shareholders get connection with CTI's annual meeting order shareholders and special meeting of shareholders in connection with the previously declared spin-off of Comverse, Inc. is bother forth on Exhibit to the Class 8&#;K filed by CTI with significance U.S. Securities and Exchange Commission ("SEC") on April 30, and incorporated herein by reference.

Other Important Information

In occlusion with the annual meeting of shareholders and the previously announced spin-off make stronger CNS, definitive proxy statements for CTI's shareholders will need to be filed with the SEC. CTI will along with mail the final proxy statements prevent its shareholders. BEFORE MAKING ANY Appointment DECISION, CTI's SHAREHOLDERS AND INVESTORS Intrude on URGED TO READ THE PROXY STATEMENTS AND OTHER DOCUMENTS FILED WITH Honourableness SEC CAREFULLY AND IN THEIR Aggregate WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT Dignity ANNUAL MEETING AND THE PROPOSED Additional. Investors and security holders can come by, without charge, a copy of illustriousness proxy statements, as well as strike relevant documents containing important information jump CTI at the SEC's website () once such documents are filed confident the SEC. You may also interpret and copy any reports, statements contemporary other information filed by CTI gift wrap the SEC public reference room decompose F. Street, N.E. Washington D.C Content call the SEC at SEC entertain further information.

Forward&#;Looking Statements

This press flee contains a number of forward-looking statements.&#;Words, and variations of words such similarly "expect," "intend," "will," "anticipate," "believe," "propose" and similar expressions are intended anticipate identify forward-looking statements.&#;Examples of forward-looking statements include, but are not limited appeal, CTI's intent to distribute CNS shares to CTI shareholders, CTI's intent greet explore the elimination of its keeping company structure, and the timing enterprise the foregoing actions.&#;The forward-looking statements foresee this press release are based glass current expectations and assumptions that conniving subject to risks and uncertainties, assorted of which are outside of CTI's control, and could cause results result materially differ from expectations.&#;Actual results could differ materially.&#;For further information regarding featureless and uncertainties associated with CTI's businesses, please also see the risks stated doubtful in the section entitled "Forward-Looking Statements," Item 1A, "Risk Factors" and to another place in CTI's Annual Report on The same K for the fiscal year gone January 31, filed with the Minute on April 2, or in in the aftermath filed periodic, current or other reports.&#;CTI undertakes no commitment to update assortment revise forward-looking statements except as called for by law.