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Exhibit 8

Subsidiaries

Currently our subsidiaries are:

| |  | TTI-Telecom
International Inc., a wholly-owned subsidiary, incorporated under the laws of the
           State of Delaware, and domiciled in New Jersey, U.S.A.
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | TTI-Telecom
International B.V., a wholly-owned subsidiary, incorporated under the laws of The
           Netherlands, and domiciled in Amsterdam, The Netherlands.
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | TTI
Telecom Australia PTY. Ltd., a wholly-owned subsidiary, incorporated under the laws of
           Australia, and domiciled in Sydney, Australia.
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------

| |  | Axarte
Ltd., a wholly-owned subsidiary, incorporated under the laws of the United Kingdom,
           and domiciled in Newberry, UK.
| | - | ------------------------------------------------------------------------------------------------------------------------------------

| |  | TTI
Telecom (HK) Limited, a 99.9% subsidiary, incorporated under the laws of Hong Kong, and
           domiciled in Hong Kong.
| | - | ------------------------------------------------------------------------------------------------------------------------------

| |  | TTI
Telecom Software Private Limited, wholly owned subsidiary, incorporated under the laws of
           India, and domiciled in Mumbai, India.
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------

| |  | TTI
Telecom de Costa Rica S.A., a wholly owned subsidiary, incorporated under the laws of
           Costa Rica, and domiciled in San Jose, Costa Rica.
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | TTI
Team Software (Malta) Ltd., a 99.9% subsidiary, incorporated under the laws of Malta, and
           domiciled in Valleta, Malta.
| | - | -------------------------------------------------------------------------------------------------------------------------------------

| |  | CDR
Technologies a 99.9% subsidiary, incorporated under the laws of Israel, and domiciled in
           Petach Tikva, Israel.
| | - | -----------------------------------------------------------------------------------------------------------------------------

| |  | TTI
Telecom (Africa) (Pty) Ltd, incorporated under the law of South Africa, and domiciled in
           Pretoria, South Africa. We hold 70% of the equity interests of TTI Telecom
(Africa) (Pty)            Ltd.
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | Telesens
LLC, incorporated under the law of Ukraine, and domiciled in Kharkiv, Ukraine. We
           hold 100% of the equity interests of Telesens LLC.
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------

* The percentage of equity ownership
of any such subsidiary equals to our voting power therein, unless    specified otherwise.



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