Comverse appoints Thomas B Sabol as CFO

Telecom Lead America: Comverse Technology has appointed
Thomas B Sabol as chief financial officer of Comverse, a wholly-owned
subsidiary of CTI.

Comverse is a provider of business support solutions
(BSS), mobile Internet and value-added services (VAS).

Before joining Comverse, Sabol was chief financial
officer of Hypercom Corporation.

Joel Legon, currently serving as CTI’s interim chief
financial officer, will continue in such position and in a leadership position
within the Global Finance team at CNS.

CTI plans to spin off CNS as an independent public
company in a transaction that is expected to become effective in the third
quarter of this fiscal year.

“We are excited to have Tom join the team, and we
are confident that he will have a positive impact on the financial performance
and efficiency of our operations. We are also very appreciative of Joel Legon’s
outstanding service in his interim role and look forward to his continuing
contribution to CTI and CNS,” said Philippe Tartavull, Comverse’s
President and Chief Executive Officer.

“I am very pleased to join CNS, a company with a
long track record of technological and market leadership. CNS has a
well-deserved reputation for innovation and customer service, and its global
customer base and strong competitive position will offer excellent
opportunities for growth and success in the areas of BSS, mobile Internet and
VAS,” said Sabol.

Sabol joins Comverse following two years as Chief
Financial Officer of Hypercom, a provider of security, end-to-end electronic
payment products and services.

From 2006 to 2009, Mr. Sabol served as chief financial
officer of Suntron Corporation, where he also served as a director beginning in
2004. Previously, Sabol held chief financial officer and chief operating
officer positions with Plexus, and served as chief financial officer of
Wolverine Tube.

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