ENGLEWOOD Colo., Sept. 18, 2017 (GLOBE NEWSWIRE) -- Evolving Systems, Inc. (NASDAQ:EVOL), a leader in real-time analytics, customer acquisition and customer value management (CVM) solutions and services, today announced that its largest North American customer has optimized its use of the Evolving Systems Customer Acquisition and Activation solution to further enhance channel and network infrastructure efficiencies in their customer acquisition solution.
This customer has further invested in Evolving’s solutions and expertise to enhance its customer acquisition efficiency through dynamic subscriber resource management, removing any need to pre-assign expensive network and number resources before sale. This enables efficiencies to be realized throughout the sales and distribution chain while allowing the operator to realize increased profit and margin in a very challenging low ARPU market.
“With over 25 million subscribers to manage, Evolving’s solution enabled our customer to sell SIMs smarter, allowing personalization of the customers’ subscriptions at the point of sale, thereby delivering maximum benefit to the customer which improves retention and spend, providing a direct positive impact on the bottom line,” said Thomas Thekkethala, Chief Executive Officer of Evolving Systems. “Businesses in the mobile, retail, finance and other markets struggle with thin margins – we focus on helping them accelerate customer acquisition, growth and retention to improve these margins.”
About Evolving Systems®
Evolving Systems, Inc. (NASDAQ:EVOL) is a provider of software and services for connected mobile devices to over 90 network operators in 66 countries worldwide. The Company’s portfolio includes market-leading solutions and services for real-time analytics, customer acquisition and customer value management. Founded in 1985, the Company has its headquarters in Englewood, Colorado, with offices in the United States, United Kingdom, India, Malaysia and Romania. For more information please visit www.evolving.com or follow us on Twitter at http://twitter.com/EvolvingSystems.
CAUTIONARY STATEMENT
This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, based on current expectations, estimates and projections that are subject to risk. Specifically, statements about the impact and ability of the solution described in this press release to handle future needs of customers are forward-looking statements. These statements are based on our expectations and are naturally subject to uncertainty and changes in circumstances. Readers should not place undue reliance on these forward-looking statements, and the Company may not undertake to update these statements. Actual results could vary materially from these expectations. For a more extensive discussion of Evolving Systems’ business, and important factors that could cause actual results to differ materially from those contained in the forward-looking statements, please refer to the Company’s Form 10-K filed with the SEC on March 28, 2017; Forms 10-Q, 10-Q/A, 8-K and 8‑K/A; press releases and the Company’s website.
Investor Relations
Michael Glickman
Senior Vice President, Investor Relations
GW Communications (for Evolving Systems)
Tel: (917) 397-2272
Email: mglickman@GWCco.com
Evolving Systems Marketing Department
marketing@evolving.com