Comptel - Company Announcement

Comptel streamlines R&D in line with its product strategy

Comptel Corporation           Stock Exchange Release, 19 June 2012 at 11.30 am

Comptel streamlines R&D in line with its product strategy

Comptel rationalises its partly overlapping research and development resources
within Fulfillment product area. In line with its Fulfillment strategy, Comptel
will increase its Service Resource Inventory focus in the United Kingdom and
Malaysia and will simultaneously decrease its investment in Comptel Inventory
product development in Norway. 

Comptel will initiate actions under the local legal requirements and collective
agreements to downsize the R&D personnel in its subsidiary in Norway. With
these measures, Comptel Corporation aims at reaching annual cost savings of
approximately EUR 2 million. This target is a part of the cost savings of
approximately EUR 10 million which Comptel Corporation aims to achieve on
annual level, as announced on 15 June 2012. 

“These measures will improve the competitiveness and profitability of our
Fulfillment business. We are also confident that the Next-Generation Service
Inventory products will help telecom operators to automate even better their
key operational processes”, says Mr Juhani Hintikka, President and CEO of
Comptel. 


COMPTEL CORPORATION
Juhani Hintikka
President and CEO


Further information: Mr Juhani Hintikka, President and CEO, tel. +358 9 700 1131

Distribution:
NASDAQ OMX Helsinki
Major Media
www.comptel.com



Since 1986, Comptel has helped more than 280 service providers across 85
countries meet over one billion subscribers' communications and infotainment
needs. Comptel's solutions are built on an event-analysis-action strategic
framework that leverages the company's strengths in event data processing and
advanced predictive analytics to enable real-time action. Comptel's service
fulfillment, mediation, charging and policy control, and predictive social
analytics products with implementation and professional services enable service
providers to enhance customer engagement and, in turn, create revenue, reduce
costs and lessen churn. Comptel has a global team of nearly 700 professionals,
and net sales were EUR 77 million in 2011. For more information, visit
www.comptel.com