Evolving Systems Awarded Three New Customer Contracts in South-Asia and Africa
- Momentum Continues to Build for Evolving Systems’ Customer Engagement Systems Helping Mobile Operators Differentiate Services Across Customer Lifecycle -
ENGLEWOOD, Colorado – June 25, 2018 – Evolving Systems, Inc. (Nasdaq: EVOL), a leader in real-time digital engagement solutions and services, today announced that three new customer contracts - each extending the Company’s solutions for improving mobile customers experience while also improving operational efficiencies - have been awarded.
These contracts further validate Evolving Systems’ focus on Managed Services as the preferred mode of engagement as it further transitions from harder-to-forecast licensing deals of the past to the planned and budgeted operational expense model of such engagements. These efforts align with carriers’ needs for sustained improvements to their customer engagement platforms. The latest contract awards include systems for both retail dealer and online sales, order management, subscriber self-service, distribution, number management and product simplification to optimize functions for high-volume sales.
In South Asia, one of the largest mobile phone providers has selected Evolving Systems to implement systems to improve customer lifecycle value through progressive capabilities and more efficient operations under a 3-year managed services agreement. After a short 3-month rollout. the first phase of the solution was launched, meeting the fast time-to-market commitment which was a critical consideration in the carrier’s selection phase. Furthermore, this was achieved despite the need to implement and execute the solution which required collaboration between the customer’s retail business process, Supply Chain Management, IT OSS/BSS and Core Network. The Evolving Systems solution enabled the customer to go from nearly 50 different types of products and associated supply and support systems requiring multiple manual and error-prone steps for coordination of stock, forecasting, logistics and customer transaction handling, to a single unified product.
In Africa, Evolving Systems’ dealer-sales optimization solution adds advanced new features for one of the region’s leading carriers to optimize and accelerate the sales process for SIM cards and phones through its well-established dealer network. The contract enables the carriers’ retailers to sell generic SIM cards for significant network and distribution savings and efficiency. Customers can then remotely self-authenticate anywhere, anytime, to enable the carrier to comply with local government regulations. The platform also allows the operator to offer upgraded tariff plans, select custom numbers and upsell features and apps at the point of sale.
“These latest contracts confirm that customers continue to entrust Evolving Systems to enhance and streamline their BSS and OSS systems related to acquiring, servicing and developing loyalty with their customers and brand. We are excited to see momentum building for our Managed Services delivery model across new and existing geographic regions globally,” said Eric Hatton, Senior Vice President - Solutions, at Evolving Systems, Inc.
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.
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 and its ability to successfully integrate its solutions with existing customer network systems 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 April 2, 2018; Forms 10-Q, 10-Q/A, 8-K and 8-K/A; press releases and the Company’s website.
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