In a meeting in New York, Misholi had the idea of building a business around centralized hardware systems to support voice and fax messaging and selling them to telecommunications companies and other large enterprises, who could then resell the voice and fax services to their customers.
In 1990, Comverse won a potentially million contract, its largest yet, to deliver computers running voicemail and fax applications on West German cellular networks, beating out far larger corporations in the process. S., nearly all its manufacturing was done in Israel, where it was able to substantially benefit from government subsidies and tax credits provided to research and development for hi-tech firms and industries by the Office of the Chief Scientist in the Ministry of Trade and Industry and by the Israel-U. Binational Industrial Research and Development Foundation. By 1995, Comverse was best known for its Audio Disk product, which was sold to overseas clients and allowed legal authorities and intelligence agencies to record and store data collected from wiretaps.
While headquartered in the US, most of the company's research and development was done in Israel; Comverse became one of the more visible success stories in Israel's hi-tech industry.
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.
The workforce is changing as businesses become global and technology erodes geographical and physical barriers.In 2006, Comverse was involved in an options backdating scandal.Alexander and two other top executives were charged in the US with multiple counts of conspiracy, fraud, money laundering and making false filings.IT organizations are critical to enabling this transition and can utilize next-generation tools and strategies to provide world-class support regardless of location, platform or device Cloud adoption is growing, but how are organizations taking advantage of it?Interop ITX and Information Week surveyed technology decision-makers to find out, read this report to discover what they had to say!Much of its funding came from Israeli government subsidies and tax credits provided to research and development for hi-tech firms.