Evolving Systems Strengthens Position as an M2M Enabler Through Expanded Relationship with Leading European M2M Operator
- Enables Operator to Scale Customer Acquisition Capability to Meet Significant IoT and M2M Growth -
ENGLEWOOD, Colorado – February 13, 2018 – Evolving Systems, Inc. (Nasdaq: EVOL), a leader in real-time digital engagement, today announced that it has been awarded an extension of its existing managed services subscription contract by a leading M2M operator in Europe.
The operator was looking for a flexible and proven solution to enable Machine to Machine (“M2M”) connectivity for customers in the automotive, retail and electronics markets. M2M communication, which is the exchange of data across connected devices, primarily over wireless channels today, is widely used across automotive, healthcare, transport, energy, entertainment and other industries. Evolving Systems’ cloud deployed solution to efficiently manage resources that enable M2M is a critical requirement for MNOs and MVNOs as demand for IoT and M2M continues to drive exponential growth in the number of connected devices worldwide.
“The availability of an automated, flexible, cloud-based platform that can scale, completely changes the way mobile resources can be managed today and we are pleased to see our customer extend their use of our solution to help them scale as validation of our position in the market,” said Eric Hatton, SVP for Evolving’s Customer Acquisition and Network Services division. “It is clear that our solution is specifically designed for the digital era enabling operators to activate and manage devices in a frictionless and seamless manner and demonstrates how our activation and engagement solutions can assist our clients improve customer lifetime value (CLV).”
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 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:
Senior Vice President, Investor Relations
GW Communications (for Evolving Systems)
Tel: (917) 397-2272