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Comverse divested its BSS business to Amdocs Ltd (NYSE: DOX) for $272 million. Last year Comverse also completed the acquisition of privately-held UK messaging firm Acision for $135 million, and entered into a joint venture with India’s Tech-Mahindra to develop an R&D center in Israel. Siris Capital is a leading private equity firm focused on making control investments in data, telecommunications, technology and technology-enabled business service companies. Siris was founded in 2011 by Frank Baker, Peter Berger and Jeffrey Hendren who have worked together as a team since 1998 having previously been partners at Ripplewood Holdings LLC and founders of the private equity group at SAC Capital Advisors LP (Siris I). Siris has more than $2.4 billion of cumulative capital commitments, and is currently investing out of its Siris Partners III LP fund, which raised $1.8 billion of capital commitments in 2015. Its predecessor fund, Siris Partners II LP, raised in 2012, had approximately $640 million of capital commitments.]]>