UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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|X| Soliciting Material pursuant to ss.240.14a-12
COMVERSE TECHNOLOGY, INC.
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Comverse Technology, Inc. Comments on Oliver Press Partners, LLC Filings;
Shareholders Need Take No Action at This Time
Wednesday May 2, 8:01 am ET
NEW YORK--(BUSINESS WIRE)--Comverse Technology, Inc. (Pink Sheets: CMVT.PK -
News), yesterday learned that Oliver Press Partners, LLC and certain of its
affiliates (collectively, OPP), have filed definitive solicitation materials
with the Securities and Exchange Commission in connection with a solicitation of
agent designations by OPP to demand a special meeting of the shareholders of
Comverse Technology for the purpose of electing directors to Comverse
Technology's Board of Directors. According to OPP's definitive solicitation
materials, if a special meeting is called, Oliver Press intends to nominate
Augustus K. Oliver and Clifford Press for election to the Comverse Technology's
Board of Directors.
Comverse Technology shareholders need take no action at this time. The Comverse
Technology Board of Directors believes that it is not in the best interests of
shareholders for a special shareholders' meeting to be called in this manner and
will communicate its reasons in due course.
About Comverse Technology, Inc.
Comverse Technology, Inc., through its Comverse, Inc. subsidiary, is the world's
leading provider of software and systems enabling network-based multimedia
enhanced communication and billing services. The company's Total Communication
portfolio includes value-added messaging, personalized data and content-based
services, and real-time converged billing solutions. Over 500 communication and
content service providers in more than 130 countries use Comverse products to
generate revenues, strengthen customer loyalty and improve operational
efficiency. Other Comverse Technology subsidiaries include: Verint Systems
(VRNT.PK), a leading provider of analytic software-based solutions for
communications interception, networked video security and business intelligence;
and Ulticom (ULCM.PK), a leading provider of service enabling signaling software
for wireline, wireless and Internet communications. For additional information,
visit the Comverse Technology website at www.cmvt.com. All product and company
names mentioned herein may be registered trademarks or trademarks of Comverse or
the respective referenced company(s).
Important Information
This document may be deemed to be solicitation material. Comverse Technology has
filed a preliminary Revocation Solicitation Statement with the SEC in opposition
to OPP's solicitation of agent designations. SHAREHOLDERS OF COMVERSE TECHNOLOGY
ARE ENCOURAGED TO READ THE DEFINITIVE REVOCATION SOLICITATION STATEMENT AND ANY
OTHER RELEVANT DOCUMENTS WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN
IMPORTANT INFORMATION. The definitive Revocation Solicitation Statement will be
mailed to shareholders of Comverse Technology. Investors and security holders
will be able to obtain the definitive Revocation Solicitation Statement and any
other relevant documents filed with the SEC free of charge at the SEC's website,
www.sec.gov, or Comverse Technology's website, www.cmvt.com.
Comverse Technology and its directors and executive officers and other members
of management and employees may be deemed to participate in the solicitation of
revocations. Information regarding the interests of such potential participants
will be included in the Revocation Solicitation Statement and the other relevant
documents filed with the SEC when they become available.
Contact:
Comverse Technology, Inc.
Paul D. Baker, 212-739-1060
paul.baker@cmvt.com
or
Joele Frank, Wilkinson Brimmer Katcher
Joele Frank, 212-355-4449
jf@joelefrank.com