Kathleen Harris Named Senior Vice President, Human Resources of Comverse, Inc.
Comverse, Inc. ("CNS"), a wholly-owned subsidiary of Comverse Technology, Inc. (Nasdaq:CMVT) ("CTI"), today announced that Kathleen Harris has been named Senior Vice President, Human Resources, and will lead the company's global HR activities, effective September 24, 2012. Ms. Harris joins CNS from Sonus Networks, Inc., where she has led the global HR team since 2007. She replaces Sharon Dayan, who is leaving the company to pursue other interests.
"Kathy Harris brings more than 25 years of Human Resources leadership experience to CNS, the last twelve in telecom and high technology, and she has successfully partnered with executive teams to translate strategy into HR operational plans to meet business objectives," said Philippe Tartavull, Comverse, Inc.'s President and Chief Executive Officer. "At the same time, I would also like to acknowledge Sharon Dayan's contributions in leading the HR function during the past two years, and wish her well in her future endeavors."
"I am delighted to join the CNS team," said Ms. Harris. "CNS is well-known as a global leader in its markets, and its opportunities for growth and success should help the company attract, recruit and retain key talent around the world. Both current and prospective CNS employees have a chance to enjoy a rewarding and fulfilling experience, and I am thrilled to be part of it," said Ms. Harris.
About Kathleen Harris
Ms. Harris joins CNS from Sonus Networks, a leading provider of wireless and wireline voice over IP and multimedia solutions for carriers, cable companies, and next-generation service providers, where she led the global HR function as Vice President, Human Resources. Prior to that, from 2000 to 2007, she served in a variety of HR management positions at Lightbridge, Inc, a leading provider of technology, services and software that manage customer transactions. Before that, she held several HR management positions at Trend-Lines, Inc., Lily Transportation Corp., and Mark-Burton, Inc. Ms. Harris holds an M.B.A. and a B.S. from Suffolk University.
About Comverse Technology, Inc.
CTI, through its wholly-owned subsidiary CNS, is the world's leading provider of software and systems enabling converged billing and active customer management and value-added voice, messaging and mobile Internet services. CNS' extensive customer base spans more than 125 countries and covers over 450 communication service providers serving more than two billion subscribers. CTI also holds majority ownership positions in Verint and privately-held Starhome.
This press release contains a number of forward-looking statements. Words, and variations of words such as "expect", "intend", "will", "anticipate", "believe", "propose" and similar expressions are intended to identify forward-looking statements. Examples of forward-looking statements include, but are not limited to, CTI's intent to distribute CNS shares to CTI shareholders, CTI's intent to explore the elimination of its holding company structure, and the timing of the foregoing actions. The forward-looking statements in this press release are based on current expectations and assumptions that are subject to risks and uncertainties, many of which are outside of CTI's control, and could cause results to materially differ from expectations. Such risks and uncertainties, include, but are not limited to: failure to satisfy any of the conditions to the proposed distribution, including obtaining the required shareholder vote; adverse effects on the market price of CTI's or Verint's common stock and on CTI's operating results because of a failure to complete the proposed distribution; failure to realize the expected benefits of the proposed distribution; negative effects of announcement or consummation of the proposed distribution or strategic alternatives on the market price of CTI's or Verint's common stock; significant transaction costs and/or unknown liabilities; general economic and business conditions that affect CTI and its assets in connection with CTI's announced intentions; unanticipated expenses such as litigation or legal settlement expenses; tax law changes; the impact of CTI's announced intentions on CTI's employees, customers and suppliers; future opportunities that CTI's board may determine present greater potential to increase shareholder value; and the ability of the companies to operate independently following the distribution. Actual results could differ materially. For further information regarding risks and uncertainties associated with CTI's businesses, please also see the risks described in the section entitled "Forward-Looking Statements", Item 1A, "Risk Factors" and elsewhere in CTI's Annual Report on Form 10-K for the fiscal year ended January 31, 2012 filed with the SEC on April 2, 2012 or in subsequently filed periodic, current or other reports. CTI undertakes no commitment to update or revise forward-looking statements except as required by law.
Paul D. Baker
Comverse Technology, Inc.