NEW YORK -- Comverse Technology, Inc. (NASDAQ: CMVT) today announced sales of $410,601,000 for the third quarter of fiscal 2006, ended October 31, 2006. The company ended the quarter with a 12-month orders backlog estimated at $706,325,000, cash and cash equivalents, bank time deposits and short-term investments of $1,867,761,000, and convertible debt of $419,647,000.

Comverse Technology continues to expand on its portfolio of products positioned to fulfill its customers’ evolving needs.

Since the beginning of the third quarter, the company’s Comverse, Inc. subsidiary continued to build on its established leadership in network-based messaging, mobile content and billing, while leveraging that leadership to advance its position in emerging areas such as converged messaging, converged IP communications, including VoIP, FMC, IMS, IP Centrex, quad play, and IPTV, and real-time converged billing and customer care. Comverse announced new customer selections or deployments in IP messaging, including mobile IM, videomail, and call screening; in IPTV; and in mobile music through Comverse’s ringback tone solution.

Comverse Technology Inc. (Nasdaq: CMVT)