ENGLEWOOD, Colo. -- CSG Systems International, Inc., (Nasdaq: CSGS - News), a leading provider of customer care and billing solutions, today announced it has reached an agreement to sell its Global Software & Services Division assets to Comverse, Inc., a division of Comverse Technology, Inc. (Nasdaq: CMVT - News), the world's leading provider of software and systems enabling network-based multimedia enhanced communications services, for approximately $251 million in cash, subject to certain adjustments.

CSG's Global Software and Services Division incorporates the Kenan FX software and services portfolio that supports more than 150 customers worldwide as well as the ICMS customer care and billing assets acquired from IBM in 2002.

"This decision is part of a larger strategic planning process that the Board and this management team started several months ago," said Ed Nafus, chief executive officer and president of CSG Systems International, Inc. "The divestiture of the GSS Division will allow CSG to intensify its focus on our core competencies in the cable and DBS markets. This will allow us to continue to provide scalable and dependable solutions that will enable our customers to grow and transform their businesses, in addition to providing superior customer service. We believe that the video industry is beginning to transform their business models from providing content over their network to one device, to providing content, anytime, to any device. I believe we are in a unique position to enable this transformation."

"The combination of the GSS Division with Comverse will strengthen Comverse's leadership position in the emerging converged billing software market, and will create synergistic cross-selling opportunities into the respective GSS and Comverse customer bases," said Kobi Alexander, Chairman and CEO of Comverse Technology.

CSG Systems International Inc.

Comverse Ltd.