By insightVAS - Tue May 01, 10:42 am

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Comverse Technology, Inc. has announced that, effective May 21, 2012, Philippe Tartavull, the former President and Chief Executive Officer of Hypercom Corporation will become President, Chief Executive Officer and a member of the Board of CTI’s wholly-owned subsidiary Comverse Inc. (CNS), a global leader in BSS, mobile internet and value-added services. As previously announced, CTI plans to spin off CNS as an independent public company in a transaction that is expected to become effective in September or October of this year.

“Philippe Tartavull is an outstanding leader with a long track record of achieving strong growth, profitability and shareholder value for global technology companies. Philippe has a broad range of expertise in management, sales, marketing, engineering and product development within the global technology and telecommunications arenas, and he is the right leader to bring growth and operational excellence to CNS,” said Mr. Burdick, CTI’s Chief Executive Officer and Chairman of the Board. “Philippe has consistently delivered superior operating performance and product innovation throughout his career, always with a focus on serving customers with the highest quality solutions. We are confident Philippe will guide CNS to a successful future, and that our customers, employees, investors and partners will all benefit from his leadership. On behalf of CTI’s Board of Directors, I welcome Philippe, and I personally look forward to working closely with him.”

“I am excited to join CNS, a company with an outstanding reputation for technology leadership, innovation, and a focus on customer success. CNS’ strong product portfolio, global customer base and exceptional engineering and customer service presents new opportunities for growth in the areas of business support solutions (BSS), value-added services (VAS), and mobile Internet,” said Mr. Tartavull.

As Chairman and CEO of CTI, Charles Burdick will assist Mr. Tartavull as he takes on his new role, providing continuity to customers, employees and other stakeholders of CNS as needed while focusing on dissolving the holding company, including managing the spin-off of CNS and resolution of CTI’s controlling ownership interest in Verint.

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