....Comverse Introduces Further Offerings For The Mobile Entertainment Market....See Comverse At Mobile Entertainment Event in London April 9-10, 2002, Booths 7 & 9
Comverse, a unit of Comverse Technology, Inc., and the world's leading supplier of software and systems enabling network-based multimedia enhanced communications services, and BMG Europe, a unit of BMG, the global music division of Bertelsmann AG, and one of the world's largest music publishing companies, today announced an agreement for BMG to supply both international & local music content for Comverse's VoiCD advanced mobile music solution. This agreement represents the collaboration of two leading players in their respective industries, to build a complete and comprehensive music solution that will provide premium value to telecom service providers. Visit Comverse at the Mobile Entertainment Event in London on April 9-10, 2002, Booths 7 & 9.
This cooperation combines the technology and music worlds and opens a new distribution channel for the music industry. BMG is one of the first of the major labels to distribute its content in a reliable and secure way over mobile networks. With this agreement, Comverse will be delivering BMG high quality content to mobile users. This innovative concept will enable operators to launch a content rich music portal service to their subscribers, providing a source for increased revenues.
BMG has a diverse portfolio of artists that are suitable for many different market segments, ranging from Elvis Presley to Whitney Houston, Carlos Santana, Christina Aguilera, and Pink to Sarah Brightman, Arthur Rubinstein and James Gallaway, many of whom will be featured on the VoiCD Service. This extraordinary variety enables age and preference segmentation ranging from youth to adults, and rock-n-roll to classical.
Christophe Waignier, Senior Vice President, Finance, IS&T and European Services, BMG Europe, stated, "BMG Europe is delighted to have entered into this agreement with Comverse. This is the first, exciting, step for us towards the exploitation of our rich catalogue of recordings using mobile technology. We are confident that both Comverse and BMG will benefit greatly from our alliance."
Zeev Bregman, Chief Executive Officer of Comverse, stated, "BMG is a world-leading label, and we are confident that joining forces with them will be the basis for significant opportunities. We are committed to providing a cutting-edge content delivery system geared towards generating immediate revenues. We are uniquely positioned to bring a large array of content to telecom networks. We are confident that our superior technology combined with world-class content will position us as a market leader
VoiCD is a content delivery solution over telecom networks and offers a highly comprehensive solution for the distribution of music over networks. VoiCD is a music engine within the Comverse open IP-based modular platform designed to incorporate best of breed third-party applications including: conferencing (chat), games, and entertainment. The Comverse VoiCD advanced mobile music solution provides high-quality music storage, royalty management, statistical and reporting tools and supports local regulations. This comprehensive solution features a carrier-grade, network-accessible content management system for creating and delivering content-triggered applications.
About BMG Europe
BMG Europe comprises more than 20 European countries, active, under the management of Thomas M. Stein, President BMG Europe, including major repertoire. Breaking territories are: BMG Germany/Switzerland/Austria (GSA), BMG UK/Ireland, BMG France, BMG Italy, BMG Spain/Portugal and BMG Continental/Eastern Europe.
BMG Europe is the business unit of BMG, one of the world`s leading music companies, with more than 200 record labels in 42 countries including Arista Records, RCA Records, RCA Label Group - Nashville, and Ariola. annual revenues of 3.7 billion EUR (fiscal year 2000/01). The music activities contain 44 countries. BMG is the division of Bertelsmann AG (G|thersloh). In addition, BMG owns one of the world's largest music publishing companies. BMG is the global music division of Bertelsmann AG, one of the world's leading media companies, with annual revenues of 20.04 billion EUR (fiscal year 2000/01).
Comverse, a unit of Comverse Technology, Inc. (NASDAQ: CMVT) is the world's leading provider of software and systems enabling network-based multimedia enhanced communications services. More than 390 wireless and wireline telecommunications
network operators, in more than 100 countries, have selected Comverse's enhanced services systems and software, which enable the provision of revenue-generating value-added services including call answering with one-touch call return, short messaging services, IP-based unified messaging (voice, fax, and email in a single mailbox), 2.5G/3G multimedia messaging (MMS), wireless instant messaging, wireless data and Internet-based services, voice-controlled dialing, messaging and browsing, prepaid wireless services, and additional personal communication services. Other Comverse Technology business units include: Verint Systems Inc., a leading provider of analytic
software solutions for communications interception, digital video security and surveillance, and enterprise business intelligence; and Ulticom, a leading provider of service enabling network software for wireless, wireline, and Internet communications. Comverse Technology is an S&P 500 and NASDAQ-100 Index company. For additional information, visit the Comverse web site at http://www.comverse.com
Marjan Khanji/Gillie Tennant
Tel: 01753 448836
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