Comverse technology backdating scandal

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Starting in the late 1990s, Comverse's voice messaging software became its main product and the company grew rapidly with the surge in mobile phone use, passing the

Starting in the late 1990s, Comverse's voice messaging software became its main product and the company grew rapidly with the surge in mobile phone use, passing the $1 billion mark in revenues.It established a formidable position in the worldwide mobile voicemail management market and sold a popular short message service center (SMSC) product.The growth coincided with SMS text messages becoming popular; the first big application for SMS was as a notification mechanism to tell a wireless subscriber that voicemail were stored in a voicemail box.Comverse also became a participant in forming international wireless standards, such as in 2001 for the Speech Application Language Tags (SALT) markup language for XML to add voice capabilities to web-based applications.On 27 September 2006, he was arrested in Namibia after hiding in Windhoek with his family, where he had bought a house at a country club.

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Starting in the late 1990s, Comverse's voice messaging software became its main product and the company grew rapidly with the surge in mobile phone use, passing the $1 billion mark in revenues.

It established a formidable position in the worldwide mobile voicemail management market and sold a popular short message service center (SMSC) product.

The growth coincided with SMS text messages becoming popular; the first big application for SMS was as a notification mechanism to tell a wireless subscriber that voicemail were stored in a voicemail box.

Comverse also became a participant in forming international wireless standards, such as in 2001 for the Speech Application Language Tags (SALT) markup language for XML to add voice capabilities to web-based applications.

billion mark in revenues.It established a formidable position in the worldwide mobile voicemail management market and sold a popular short message service center (SMSC) product.The growth coincided with SMS text messages becoming popular; the first big application for SMS was as a notification mechanism to tell a wireless subscriber that voicemail were stored in a voicemail box.Comverse also became a participant in forming international wireless standards, such as in 2001 for the Speech Application Language Tags (SALT) markup language for XML to add voice capabilities to web-based applications.On 27 September 2006, he was arrested in Namibia after hiding in Windhoek with his family, where he had bought a house at a country club.

It was one of Israel's largest employers of software engineers, was closely followed in the nation's business press, and was the first Israeli-associated company to join the S&P 500 index.

Comverse Technology, Inc., originally founded in Israel, was a technology company located in Woodbury, New York in the United States, that developed and marketed telecommunications software.

The company focused on providing value-added services to telecommunication service providers, in particular to mobile network operators.

The accusations against the three included the backdating of options to when Comverse stock had been trading at low prices, the use of fake names of option holders, and the creation of secret funds in which to hold the illicit gains.

By then, Alexander had already fled the country and was classified a wanted fugitive in August 2006 by the US Federal Bureau of Investigation.

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