Woodbury, New York-based Comverse Technology Inc has reached definitive agreement to acquire Startel Corp in a share exchange in which Startel holders will get 1.125 Comverse shares for each Startel, leaving Startel holders with about 4% of the enlarged equity: Startel, in Irvine, California markets real-time transaction processing systems used primarily by the telephone answering service industry, hospitals and corporate message centres; Comverse integrates computer systems for commercial, government and defence applications, and makes the Trilogue line of integrated multi-media message management systems.
