Comverse Completes Divestiture of BSS Business to Amdocs
WAKEFIELD, Mass., July 2, 2015 – Comverse (NASDAQ:CNSI) today announced it has completed the divestiture of its BSS business unit to Amdocs (NASDAQ:DOX) for a purchase price of approximately $273 million. Comverse will now be singularly focused on growing its global market leadership in digital services.
About Comverse
Comverse offers a portfolio of digital services that enable global communications across a variety of mobile devices and platforms. We help communication service providers (CSPs) and enterprises Simplify, Modernize, Differentiate, and Monetize a range of innovative “fourth wave” digital experiences through our cloud-based solutions. Our solutions touch more than two billion people through 330+ service providers and enterprises in 120+ countries. You can find us at www.comverse.com.
