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Comverse Technology history
Comverse Technology company history timeline
Comverse was incorporated in New York in 1984.
1984: Israel native Kobi Alexander, along with Yechiam Yemini and Boaz Misholi, form Comverse Technology.
To raise additional investment capital, Comverse went public on the New York Stock Exchange in 1986.
In 1990, for instance, it started selling a product called Fax-Logue, a Trilogue add-on system that provided a wide range of options for sending, receiving, and storing facsimile messages.
Enters into Definitive Agreement to Acquire Startel Corp.,” Business Wire, October 18, 1991.
1991: Sales reach $21 million with profits at nearly $3 million.
With the European economic unification scheduled for 1992, Alexander reasoned, Comverse could benefit by developing an early lead in its niche on that continent.
“Best Comverse Profits Ever,” Israel Business Today, May 21, 1993,p.
The company sells its products through an international sales force and had installed its gear in more than 30 countries by 1995.
Comverse continued to benefit in 1995 by increasing its share of the rapidly growing niche markets that it served.
1997: The company acquires Boston Technology in a merger deal, after which Comverse becomes one of the biggest makers of telephone voice processing equipment.
1999: Comverse acquires Amarex Technology, Inc., a privately held software development company; the company purchases Intouch Systems, Inc., maker of speech recognition software.
2000: Comverse acquires the Israeli startup Exalink for $480 million in stock; the company also buys Loronix Information Systems, Inc.
"Comverse Technology, Inc. ." International Directory of Company Histories. . Encyclopedia.com. (June 17, 2021). https://www.encyclopedia.com/books/politics-and-business-magazines/comverse-technology-inc-0
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Comverse Technology competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Palantir | 2003 | $2.9B | 2,000 | 391 |
| Aspect Software | 1981 | $443.0M | 1,800 | 2 |
| OSIsoft | 1980 | $281.5M | 1,300 | - |
| Digeo | 1999 | $5.1M | 49 | - |
| Commvault | 1996 | $839.2M | 2,501 | 40 |
| Chordiant Software | 1985 | $48.0M | 222 | - |
| Delta Data | 1985 | $990,000 | 4 | - |
| Elsevier Mdl | - | $28.0M | 200 | 7 |
| CommerceHub | 1997 | $111.1M | 323 | - |
| KIXEYE | 2007 | $54.9M | 375 | - |
Comverse Technology history FAQs
Zippia gives an in-depth look into the details of Comverse Technology, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Comverse Technology. The employee data is based on information from people who have self-reported their past or current employments at Comverse Technology. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Comverse Technology. The data presented on this page does not represent the view of Comverse Technology and its employees or that of Zippia.
Comverse Technology may also be known as or be related to Comverse, Comverse Technology and Comverse, Inc.