Contact Information: CONTACTS: Investor Relations Jay Pfeiffer Pfeiffer High Investor Relations, Inc. 303.393.7044 Press Relations Sarah Hurp Marketing Communications Manager Evolving Systems +44 1225 478060
Evolving Systems Appoints Stuart Cochran as Chief Technology Officer
| Source: EVOLVING SYSTEMS
ENGLEWOOD, CO--(Marketwire - September 4, 2007) - Evolving Systems, Inc. (NASDAQ : EVOL ), a
leading provider of software solutions and services to the wireless,
wireline and IP carrier market, today announced the appointment of Stuart
Cochran, formerly Vice President of Activation and Mediation, to Chief
Technology Officer.
Mr. Cochran joined the Company in 2004 when the Company acquired Tertio
Telecoms Ltd. He has over 16 years of experience in the communications
software industry, starting his career with BT Research and Development
working on the design of network management systems.
As CTO, Mr. Cochran will initially focus on accelerating the integration of
the Company's products to create new value propositions. For example, the
Company is combining features from its Tertio™ service assembly,
activation and verification platform and its NumeriTrack® resource
inventory platform to create a solution which allows the just-in-time
provisioning of numbers and SIM cards. This capability saves operators
money through a streamlined supply chain and better utilization of network
equipment. For operators in high growth and fiercely competitive markets,
it also allows them to offer an improved user experience at the point of
sale, giving users the ability to choose their personal number and have it
automatically provisioned to the handset.
Mr. Cochran will be responsible for the global development of Evolving
Systems' technological and product direction as well as driving further
synergies from an integrated product set.
"Our ability to combine in near real-time the allocation of service
resources, such as numbers and SIM cards, with the activation of service
profiles and devices is creating exciting and compelling new user
experiences that our customers can offer," said Cochran. "I look forward to
helping us capitalize on that opportunity and increasing the value we
provide to our customers."
"Stuart's promotion to CTO will allow us to better focus on developing and
delivering innovative products that meet our customers' needs and expand
our market leadership," said Thad Dupper, president and CEO of Evolving
Systems. "Stuart's technology leadership and business acumen coupled with
his insights on the needs of today's carriers makes him the clear choice to
lead our development and product organizations."
About Evolving Systems
Evolving Systems, Inc. (NASDAQ : EVOL ) is a provider of software and
services to more than 50 network operators in over 40 countries worldwide.
Its portfolio includes market-leading products for Activation, Number
Portability, Number Inventory and Mediation. Founded in 1985, the Company
has headquarters in Englewood, Colorado, with offices in the United States,
United Kingdom, Germany, India and Malaysia. Further information is
available on the web at www.evolving.com.
CAUTIONARY STATEMENT
This news release contains "forward-looking statements" within the meaning
of the United States' Private Securities Litigation Reform Act of 1995,
based on current expectations, estimates and projections that are subject
to risk. Specifically, Evolving Systems' statements about the future needs
of its customers and the impact of Mr. Cochran's promotion to CTO are
forward-looking statements. Readers should not place undue reliance on
these forward-looking statements, and Evolving Systems may not undertake to
update these forward-looking statements. Actual results could differ
materially because of many factors, such as internal budgeting changes of
customers; the impact of competition and the general state of the
telecommunications industry.
For a more extensive discussion of Evolving Systems' business, please refer
to the Company's Form 10-K filed with the U.S. SEC on March 15, 2007, as
well as subsequently filed Forms 10-Q, 8-K and press releases.