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Comverse Technology – Wikipedia
This article is about the overall Comverse corporate entity that existed from to Retrieved 25 February The financial crisis of and on caused further difficulties for Comverse Technology, with new layoffs occurring in October March and August On 27 Septemberhe was arrested in Namibia after hiding in Windhoek with his family, where he had bought a house at a country club. The New York Times.
Of the other two executives, William Sorin pleaded guilty to criminal charges and was sentenced to a year in prison in After further mergers Comverse became Xura in and then Mavenir inwhile part of the Comverse business went to Amdocs in Alexander and two other top executives were charged in the US with multiple counts of conspiracy, fraud, money laundering and making false filings.
Retrieved from ” https: Alexander fled the country to Namibia where he engaged in a prolonged fight against extradition.
The scandal proved difficult for Comverse Technology to recover from. This hardware would render the ‘listener’ himself ‘listened to’.
Because of the accounting issues from the option backdating, Comverse Technology was unable to file full or timely financial reports with the SEC. If extradited to the US and convicted, he faced 25 years in prison.
While no real evidence has been presented against Comverse or Verint, the allegations have become a favorite topic of conspiracy theorists.
Retrieved 29 May The Wall Street Journal. Comverse became a market leader in voice messaging software and boomed during the late s with the surge in mobile phone use.
Archived from the original on 24 September In OctoberComverse Technology finally published its restated financial reports for fiscal years through Founded inthe company went public on the Nasdaq Stock Market in North American Equity Research. Much hetwork its funding came from Israeli government subsidies and tax credits provided to research and development for hi-tech firms.
Retrieved 31 December Binational Industrial Research and Development Foundation.
The two independent companies that carried on its most intelliggent product lines were a newly independent Comverse and Verint Systems. Further actions followed the end of Comverse Technology. Archived from the original on 12 July Archived from the original on 1 January InComverse Technology was involved in an options backdating scandal.
By the mids, one of its most successful products allowed legal authorities and intelligence agencies to record and store data collected from intercepted communications. Archived from the original on 15 April The company comcerse also quintessentially Israeli in how it was run, with Comverse CEO Ze’ev Bregman in particular favoring a loose, relaxed system in which he knew all the employees and lines of management reporting were frequently bypassed.
The early years of the company were difficult; inthey founded Comverse in the United States, which became the parent company of Efrat. Retrieved 29 January