ENGLEWOOD, Colo., Dec. 05, 2017 (GLOBE NEWSWIRE) -- Evolving Systems, Inc. (Nasdaq:EVOL), a leader in real-time digital engagement solutions and services, has today announced the successful deployment and commercial launch of the Evolving Digital Engagement Platform at a leading Eurasian Mobile Operator.
The new customer of Evolving Systems currently provides mobile services to more than 10 million subscribers and is one of the largest providers in the country with a 45% market share. As with many mobile operators, the carrier is faced with significant competitive pressures in their market and selected Evolving Systems’ solutions to increase its competitiveness. Evolving Systems’ platform has successfully been integrated with the carrier’s Business Support Systems (BSS) and is configured to maximize customer spend and to extend the customer’s tenure that increases the total customer lifetime value (CLV) through real-time engagement and offers.
Thomas Thekkethala, Chief Executive Officer of Evolving Systems, said, “Thanks to the recent acquisitions of both Business Logic Systems and Lumata, Evolving Systems has been able to greatly strengthen its real time digital engagement offerings. We are delighted that this significant new customer is already recognizing the value of our enhanced solution. Our teams have moved quickly to successfully deploy the platform and we expect that our sales teams will be able to build on this momentum with additional new customers who are realizing the need for advanced and personalized real-time digital engagement as a solution that drives customer lifetime value.”
Evolving’s solution for this new customer is comprised of a combination of the Evolving Systems’ digital engagement platform and a specially tailored program of Expert Services in support of the operator’s marketing teams. With input from Evolving Systems’ experts, the mobile operator is now utilizing the “Digital Engagement Templates” to initiate and orchestrate a range of real-time, personalized, marketing tactics to each of their 10 million customers. Evolving Systems’ expertise and experience in mobile digital engagement enables customers to benefit from its innovative ideas and ability to consistently deliver on these implementations.
About Evolving Systems®
Evolving Systems, Inc. (NASDAQ:EVOL) is a provider of real-time digital engagement solutions and services to more than 100 customers in over 65 countries worldwide. The Company’s portfolio includes market-leading solutions and services for real-time analytics, customer acquisition, customer value management and loyalty for telecom, retail and financial services companies. Founded in 1985, the Company has its headquarters in Englewood, Colorado, with offices in Asia, Europe, Africa, South America and North America. 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 market for, and performance of, the Company’s products; the ability to successfully transition to a managed-service, recurring revenue model; the ability to integrate BLS and Lumata, strengthen its solutions portfolio and create additional shareholder value 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 Contact:
Michael Glickman
Senior Vice President, Investor Relations
GW Communications (for Evolving Systems)
Tel: (917) 397-2272
Email: mglickman@GWCco.com