Ulticom Shareholders Approve Merger Agreement

Ulticom, Inc.

announced that Ulticom shareholders approved the merger agreement entered into in connection with the Company's previously announced acquisition by affiliates of Platinum Equity, LLC. Under the terms of the merger agreement, Ulticom's public shareholders will receive $2.33 per share in cash, after payment of a special dividend by the Company of $5.74 per share. The Company expects to pay the special dividend prior to the closing of the Platinum transaction which is expected to occur tomorrow. As previously announced, the Platinum transaction will be completed in two steps: first, the sale by Comverse Technology, Inc., the majority shareholder of the Company, of all of its shares in the Company to an affiliate of Platinum, followed immediately by the consummation of the merger of the Company with an affiliate of Platinum.