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Chief Financial Officer –
Comverse Technology, Inc.

Client Snapshot:
Comverse Technology, Inc. (CMVT.PK) is the world’s leading provider of software and systems enabling network-based multimedia enhanced communication and billing services. Over 450 communication and content service providers in more than 120 countries use Comverse products to generate revenues, strengthen customer loyalty and improve operational efficiency.  Comverse was de-listed from the NASDAQ exchange on February 1, 2007 and is currently traded on the “pink-sheets.”

Global Revenues: $1.2B
Global Headcount: 5,500
Company Type: Public (Pink Sheets)
Line of Business: Communications Software

Search Overview:
Comverse delisted from NASDAQ on Feb 1, 2007. In rebuilding its new leadership team from the top down, the CEO and Board retained BNG to help recruit its CFO after an unsuccessful, year-long endeavor with a ‘big four’ search firm. The CFO will have primary responsibility for the re-listing efforts, along with creating a US-based team of finance professionals to ensure the ongoing integrity of their results and elevating the efficacy of the company’s growth efforts.

Top Search Requirements:

  • A readily recognized individual of flawless and significant reputation with all external constituent groups.
  • Deep operating experience in a global environment with a ‘hands-on’ approach towards solution development.
  • Strong merger/acquisition/divestiture experience.
  • Intimate working knowledge of SOP 97-2, VSOE, and FAS 123(R) interpretations and applications.
  • Experience in consolidating and optimizing global operations, controls, and processes.
  • Experience in (re)listing on NASDAQ.

BNG Placement:
Joe Chinnici, CPA

Work History:

Comverse Technology, Inc.
Executive Vice President, Chief Financial Officer

Senior Vice President, Chief Financial Officer

Halston Borghese

Sara Lee Corporation
Director of Finance, Playtex Products

Variety of Financial and Accounting Positions
Manager of Financial Analysis and Planning
Director of Finance and Operations Accounting