EXHIBIT 99.1
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                            Explanation of Responses
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(4)   The reporting person is a director of Comverse Technology, Inc. (the
      "Company"). The reporting person is the (i) Managing Member of Oliver
      Press Investors, LLC, a Delaware limited liability company and the general
      partner of each of Davenport Partners, L.P., a Delaware limited
      partnership ("Davenport"), JE Partners, a Bermuda partnership ("JE") and
      Oliver Press Master Fund LP, a Cayman limited partnership ("Master Fund"
      and, together with Davenport and JE, the "Partnerships"), and (ii)
      Managing Member of Oliver Press Partners, LLC, a Delaware limited
      liability company and the investment adviser to each of the Partnerships.
      The Partnerships own certain securities of the Company, all of which are
      subject to the shared voting and investment authority of the reporting
      person, among others. The reporting person's interest in the securities of
      the Company owned by the Partnerships is limited to the extent of his
      pecuniary interest in the Partnerships, if any. Upon ultimate realization
      of cash proceeds with respect to the Deferred Stock Award, such cash
      proceeds may be applied as a credit against management fees payable by the
      Partnerships. The reporting person's interest in the securities reported
      on Table II herein is limited to the extent of his pecuniary interest in
      such securities, if any.