Cadian Capital Management Announces Support for Comverse Spin-off

Cadian Capital Management today announced that it intends to vote in favor of the spin-off of Comverse, Inc. from Comverse Technology, Inc.

("CTI") at the upcoming special meeting of shareholders scheduled for October 10, 2012.  Cadian Capital believes the terms of the spin-off are fair and reasonable to and in the best interests of CTI's shareholders.  In May 2012, Cadian Capital entered into an agreement with CTI regarding the composition of the Boards of Directors of CTI, its majority-owned subsidiary Verint Systems, Inc., and CNS and agreed to vote in favor of the planned spin-off of CNS to CTI's shareholders, provided the terms of the spin-off were fair and reasonable to and in the best interests of CTI's shareholders.