 In August 2012 , a series of transactions were announced that would end Comverse Technology as a functioning entity , by making Comverse Network Systems an independent company once again known simply as Comverse , allowing Verint Systems to buy back Comverse Technology 's majority stake , and selling off the other subsidiaries . Burdick said , " [ The Verint ] agreement , along with the planned spin @-@ off of [ Comverse Network Systems ] , will result in a tax efficient distribution to our shareholders and direct ownership in two independent , well @-@ capitalized publicly @-@ traded companies . " Philippe Tartavull was named as the CEO of the newly independent Comverse . 
