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Spin-Off of CNS

The spin-off of CNS is susceptible to quite a few disorders, including closing consent of the deal by CTI's table of owners, filings with, and the achievement of an assessment system by, the investments and trade profit, the agreement of CTI investors and closing affirmation of some product paperwork by the panels of each and every of CTI and CNS.

Upon completion of this suggested spin-off and before the aftereffect of any purchase that will get rid of the CTI retaining company build, present CTI shareholders would continue steadily to adhere her resources in CTI also very own 100% regarding the assets of CNS.

About Comverse Modern Technology, Inc.

CTI, through its wholly-owned subsidiary CNS, is the globe's respected service of software and devices enabling converged billing and active customer control and value-added speech, messaging and mobile phone online professional services. CNS' substantial client base covers in excess of 125 countries and discusses over 450 connection service providers servicing significantly more than two billion clients. CTI furthermore holds vast majority title positions in Verint (Nasdaq:VRNT) and privately-held Starhome.
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“Hypercom’s excellent design effectiveness and development open amazing new techniques with incredible possibilities in a myriad of locations including mobile phone migration to enhanced luxury in safeguards and identity products,” explained Mr. Tartavull.

About Philippe Tartavull

Mr. Tartavull offers much more than 2 decades of expertise within the digital pay, sensible card and process integration and information technology companies in america and overseas.

Since 1998 they have been recently chairman of Oberthur cards programs United States, following a-year as that vendor’s chief operating policeman. Oberthur is among the globe's leading service providers of card-based expertise including SIM (customer character Module) and multi-application brilliant business as well as associated program, purposes and services. The business targets the repayment, mobile interactions, detection, transportation and multi media market, with buyers that include most of the ideal 20 US banking institutions, key telco employees and healthcare carriers, while the everyone federal.

From 1988 to 1998, Mr. Tartavull was used as President and Chief Executive Officer of Thales/Syseca, Inc, a provider of program incorporation solutions and mission-critical tool for the moving and tools sectors.