Press release

Evolving Systems Appoints Julie Gosal Hoarau as Senior Vice President of Finance

27 Sep 2017

Evolving Systems Appoints Julie Gosal Hoarau as Senior Vice President of Finance

ENGLEWOOD, Colorado, September 26, 2017 – Evolving Systems, Inc. (NASDAQ: EVOL), a leader in real-time analytics, customer acquisition and customer value management solutions and services, today announced the appointment of Julie Gosal Hoarau as Senior Vice President of Finance, effective immediately. In this role, Mrs. Gosal Hoarau will be leading the Company’s accounting and finance operations and will report directly to Thomas Thekkethala, President and Chief Executive Officer of Evolving Systems.

Mrs. Gosal Hoarau brings to Evolving Systems more than a decade of finance and accounting experience, an extensive background in financial planning, management and strategy, and a deep knowledge of the technology industry. She most recently served as Director of Finance and Special Projects for Shutterstock (NYSE: SSTK) where she incorporated and managed financials for the company’s 10 foreign subsidiaries. She was heavily involved in Shutterstock’s growth from a sub-$100 million company through its IPO and growth, to over $500 million today. Prior to this role, she served as VP, Finance and CFO at Scanbuy, Inc., a venture capital-backed developer of cloud-based mobile engagement solutions through QR codes and a platform that empowers brands, retailers, and marketers to create, manage, and deliver personalized tailored experiences directly to consumer smartphones. Earlier in her career, she held a number of financial accounting and business consulting positions at the accounting and tax services firm of KVB Partners.

“I would like to welcome Julie to the Evolving Systems team and look forward to working closely with her as we continue to execute our strategy and as we enhance our finance and corporate governance initiatives. Her extensive experience in financial management and accounting, prior public company background coupled with her role as CFO of a venture backed mobile technology company, makes her an ideal fit,” said Thomas Thekkethala. “Julie brings a principled, engaging and rigorous approach to financial operations along with a proven track record and reputation for best practices and strong corporate governance. She will be intricately involved not only in our financial reporting, but also in our M&A and integration initiatives.”

“Evolving Systems has leading technology, an impressive and growing customer base and opportunities for both organic and inorganic growth. I look forward to working with the team to drive best practices in financial reporting, corporate governance, investor communications, and overall financial management. I take on this role with great excitement as I believe the opportunities to drive shareholder value are high,” added Mrs. Gosal Hoarau.

Mrs. Gosal Hoarau holds a CPA License and earned her Master of Science degree in Accounting and a Bachelors in Business Administration from the University of Bordeaux.

The Company also announced today that Richard Dinkel, who served as Senior Vice President of Finance will be resigning from the Company at the end of September 2017, after nearly 23 years with Evolving Systems. He is moving on to pursue other opportunities, but will consult with the finance team and support the transition of responsibilities to Mrs. Gosal Hoarau as needed.

“I would like to extend my sincere gratitude and appreciation to Rick for all that he has done for our organization. He has been with us for over two decades and has been an integral part of our team throughout. We wish him nothing but the best in his future endeavors,” concluded Mr. Thekkethala.

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 or follow us on Twitter at


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 future growth of the Company 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
Evolving Systems Marketing Department

27 Sep 2017