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On 27 Septemberhe was arrested in Namibia after hiding in Windhoek with his family, where he had bought a house at a country club. If extradited to the US and intelligeent, he faced 25 years in prison.
Comverse became a kntelligent leader in voice messaging software and boomed during the late s with the surge in mobile phone use. Alexander and two other top executives were charged in the US with multiple counts of conspiracy, fraud, money laundering and making false filings. Dahan stepped down as CEO. The Wall Street Journal.
By earlyComverse Technology was planning to finally release an annual report with full comverde 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.
Comverse Intelligent Networks
The company was also quintessentially Israeli in how it was run, with Comverse CEO Ze’ev Bregman in particular favoring a loose, relaxed cpmverse in which he knew all the employees and lines of management reporting were frequently bypassed.
Under his lead, Alexander was credited with turning around Comverse’s fortunes.
Dow Jones News Service. The name “Comverse” is a fusion of the words “communication” and “versatility”. From Wikipedia, the free encyclopedia. By then, Alexander had already fled the country and was classified a wanted fugitive in August by the US Federal Bureau of Investigation.
Retrieved 29 May Retrieved 31 December Comverse intelliggent became a participant in forming international wireless standards, such as in for the Speech Application Language Tags SALT markup language for XML to add voice netwotk to web-based applications.
Comverse Technology had several wholly or partly owned subsidiaries. Retrieved from ” https: Binational Industrial Research and Development Foundation.
Comverse Technology – Wikipedia
The New York Times. The scandal proved difficult for Comverse Technology to recover from. ByComverse was best known for its AudioDisk product, which was sold to overseas clients and allowed legal authorities and intelligence agencies to record and store data collected from wiretaps.
In OctoberComverse Technology finally published its restated financial reports for fiscal years through During andComverse Technology divested itself of all its holdings and ceased to exist. Le Monde in French.
Comverse One Briggs Rd Ste , Mount Laurel, NJ –
North American Equity Research. For the former subsidiary’s current ongoing company, see Mavenir.
Archived from the original on 13 July It established a formidable position in the worldwide mobile voicemail management market and sold a popular short message service center SMSC product. This page was last edited on 16 Septemberat Burdick last CEO and Chairman. Retrieved 25 February 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.
In addition to growing organically, Comverse Technology began acquiring other companies in both Israel and the U. Much of its funding came from Israeli government subsidies and tax credits provided to research and development for hi-tech firms. This hardware would render the ‘listener’ himself ‘listened to’.
The early s recession 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