25 Jan 2007 - Evolving Systems and Reksoft Announce Regional Partnership to Bring Next Generation Solutions to Russia and CIS Telecoms Market

25 Jan 2007 - Evolving Systems and Reksoft Announce Regional Partnership to Bring Next Generation Solutions to Russia and CIS Telecoms Market

ENGLEWOOD, Colorado and ST. PETERSBURG, Russia Evolving Systems, Inc. (NASDAQ-EVOL), a leading provider of software solutions and services to the wireless, wireline and IP carrier markets, and Reksoft, a Russian systems integrator and IT reseller, today announced their joint agreement to market Evolving Systems products in Russia and members of the Commonwealth of Independent States (CIS).

Under the agreement, Reksoft will act as a systems integrator and reseller for Evolving Systems service activation, mediation and number management solutions to fixed and mobile communications carriers. As a reseller, Reksoft will also provide local delivery and after-sales support. Evolving Systems products include:

Tertio™ Service Activation suite - A high performance, multi-domain, next-generation service activation solution
NumeriTrack - A full featured, number management solution used by service providers to manage their telephone number inventory
Evident™ - A convergent mediation solution, supporting voice, data and content services

The Russian and CIS telecoms market is experiencing an unprecedented boom period as the region continues to benefit from the effects of relative political and economic stability. Ongoing structural reforms and rising local and foreign direct investment have strengthened both the fixed and mobile sectors and the introduction of fresh telecoms legislation has created an environment of dynamism and optimism. The ongoing trend for mergers and acquisitions among major alternative operators means that growth is likely to continue for some time to come.

"Reksoft is pleased to announce its partnership to market Evolving Systems products to telecom operators in Russia and CIS," commented Alexander Egorov, CEO of Reksoft. "The market is experiencing high levels of growth and consolidation with operators increasingly looking to replace legacy systems with more flexible and scaleable packaged solutions. Reksoft selected Evolving Systems based on their market leading OSS solutions and, in particular, the Tertio solution, which is seen as the leading wireless service activation product available today."

"Evolving Systems continues to look for new ways to grow our business in geographical regions that are experiencing rapid growth," said Thad Dupper, President of Evolving Systems. Our partnership with Reksoft, with their proven track record of success in the region, will enable Evolving Systems to gain a foot-hold in this dynamic market at a very exciting time."

About Evolving Systems®
Evolving Systems, Inc. (NASDAQ-EVOL) is a provider of software and services to more than 50 network operators in over 30 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 at www.evolving.com

About Reksoft
Reksoft possesses over a decade of Telecom experience, delivering services and solutions for Telecom operators, product vendors and equipment manufacturers. The Company develops systems and applications for wired and wireless communications, such as network testing and management, BSS/OSS, billing, value-added services, legacy migration and localization. Reksoft customer list includes Beeline, Comverse, FirstHop, KyivStar, Swisscom Mobile, Sicap, Uralsvyazinform, Vympelcom. Further information at www.reksoft.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 expected growth in the CIS region and the impact of the agreement described in this press release on the Companys business 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 carriers abilities to roll out new services, the impact of competition and the general state of the communications industry. For a more extensive discussion of Evolving Systems business, please refer to the Companys Form 10-K filed with the U.S. SEC on March 24, 2006 and subsequently filed Form 10Qs, 8Ks and press releases.

CONTACTS:
Investor Relations
Jay Pfeiffer
Pfeiffer High Investor Relations, Inc.
303.393.7044
jay@pfeifferhigh.com

Press Relations
Sarah Hurp
Marketing Communications Manager
Evolving Systems
+44 1225 478060
sarah.hurp@evolving.com

Reksoft
Svetlana Vronskaya
Director, Corporate Communications
Reksoft
+7 812 3252100
vronskaya@reksoft.com

Evolving Systems is a registered trademark of Evolving Systems, Inc.

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Tertio ™ Service Activation

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Key to Profitability

An effective activation system is critical to an operator's profitability. The activation system is involved in providing every service to every subscriber - voice, data, content, information or messaging. The volume of activation transactions handled by operators is huge - and still growing. The activation system needs to support many new network technologies and increasingly complex activation processes as more data and content services are introduced.