Philippe Tartavull, CEO of Comverse Inc., purchased 4,300 shares of Comverse Inc.(Stock Symbol: CNSI) at $23.09 per share for a total amount of $99.3 thousand on June 11, 2014.
Comverse Inc. is headquartered in Wakefield, Massachusetts.
On 06/02/2014, Comverse Inc. a global leader in telecom business enablement, announced today that it holds a dominant market share in North America for VoLTE-based (Voice over LTE) services. Several leading communication service providers (CSPs) have made Comverse their sole provider for IP messaging and voicemail services — paving a clear path for richer customer experiences throughout the region.
On 06/09/2014, Comverse Inc. announced its latest quarterly results. “Our first quarter results are indicative of the ongoing transformation underway at Comverse,” said Philippe Tartavull, President & CEO of Comverse, Inc. “While the benefits of our transformation efforts are not yet fully reflected in our financial results, I am pleased with the progress we have made in repositioning Comverse and the strategic direction we have decided to pursue. Our overall approach is focused on decreasing the Total Cost of Ownership as well as providing additional application platforms to improve the efficiency and increase the revenues of our customers while significantly increasing the percentage of our recurring revenue.”
According to Capital IQ, Comverse Inc. has a market cap of $598.11 million, an enterprise value of $388.03 million, and trailing 12 month revenues of $615.82 million.
Comverse, Inc., together with its subsidiaries, provides telecom business enablement solutions for communication service providers (CSPs) worldwide. It provides business support systems, such as Comverse ONE Billing and Active Customer Management Solution that provide billing and customer relationship management for CSPs; Real Time Billing, an in-network prepaid billing solution for CSPs; and Comverse Kenan billing product, which is a postpaid billing and customer care solution. The company also offers policy solutions, including Comverse Policy Manager, a business-oriented tool; and Comverse Policy Enforce, a modular policy enforcement solution. In addition, it provides digital services solutions enabling voice and messaging value added services, including voicemail, visual voicemail, call completion, short messaging service, and multimedia picture and video messaging; and digital lifestyle services and Internet protocol (IP) based communication services, such as group chat, file transfer, video share, social, presence, and geo-location information. The company’s digital services solutions include Comverse Voice; Comverse Messaging; Comverse MultiVAS; Comverse Evolved Communication Suite; and Comverse IP Enterprise Communications Solutions. Further, it provides maintenance and support services consisting of software and hardware support, and specialized preventive maintenance; managed services, such as managed and managed transformation, software as a service solutions, and expert services; professional services; and training services. The company markets its products primarily through its own direct sales force, as well as various partners, including systems integrators, telecommunications infrastructure suppliers, and independent sales representatives. Comverse, Inc. was founded in 1997 and is headquartered in Wakefield, Massachusetts.
Philippe Tartavull’s most recent annual compensation from Comverse Inc. is a salary of $957,920, $3,027,760 in other compensation, and a total compensation of $3,985,680. Mr. Tartavull is 56 years old.
According to his biography, Mr. Philippe Tartavull is President, Chief Executive Officer, Director of Comverse Inc. From December 2007 to August 2011, Mr. Tartavull served as President and Chief Executive Officer of Hypercom Corporation, end-to-end electronic payment products and services, and from February 2007 to November 2007 served as its President and Chief Operating Officer. Hypercom was acquired by Verifone Systems, Inc. in August 2011. From 1998 to 2007, Mr. Tartavull served as President of Oberthur Card Systems of America Corp., following a year as that company’s chief operating officer. Oberthur is one of the world’s providers of card-based solutions including SIM (Subscriber Identity Module) and multi-application smart cards as well as related software, applications and services. From 1988 to 1998, Mr. Tartavull served as President and Chief Executive Officer of Thales/Syseca Inc., a provider of systems integration services and mission critical software for the transportation and utilities industries. His previous positions included several management positions at Syseca/Thales, Compagnie Internationale Des Services Informatiques, Baker International and European Management Oil & Gas Investment. Mr. Tartavull formerly served as a director of Hypercom Corporation and MRV Communications, Inc. within the last five years. Mr. Tartavull earned an MBA from the Institut d’Administration des Enterprises, Sorbonne University, an MS in Engineering from Ecole Nationale Superieure des Petroles et de Moteurs, and a BS in Engineering from the Centre d’Etudes Superieures des Techniques Industrielles, all in Paris, France. He is also a graduate of the Executive Program at the UCLA Anderson School of Management.
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