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ENGLEWOOD, Colo., May 07, 2018 (GLOBE NEWSWIRE) -- Evolving Systems, Inc. (NASDAQ:EVOL), a leader in real-time digital engagement solutions and services, today announced that it was selected by a leading Latin American operator to power its nationwide wholesale mobile network. Evolving Systems provided its market-leading SaaS Customer Acquisition and Activation platform to the operator to successfully support its recent service rollout.
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Under terms of the five-year managed services contract valued at approximately $1.4 million, Evolving Systems will collect upfront service establishment and integration fees as well as contractually guaranteed recurring management fees, for the support and management of the mobile activation platform. Evolving's customer acquisition and activation platform enables carriers to better attract, retain and monetize mobile subscribers, allowing the operator to attract more MVNOs to its network by offering the ability to significantly simplify eSIM (embedded SIM) and SIM service-bundle sales, ordering, distribution, activation and number management functions. The platform also optimizes critical revenue-generation and management functions in the network including dynamic subscriber-activation related resource management. Examples include first-point usage detection that enables customer engagement, device activation and management across multiple geographic regions within the operator's territory which can be challenging due to complex and diverse regulatory, tariff and distribution requirements.
"With a mandate to create a shared network that would not only attract partner MVNOs but be something that could reliably scale to support almost an entire country's population and be delivered under tight timelines, they had to ensure their activation and subscriber management platform was dynamic, robust and market-proven. Thanks to our experienced delivery team and proven software platform, we were able to exceed all customer requirements and are already engaged with this customer to support the rollout and management of this exciting new service," said Eric Hatton, SVP Solutions at Evolving Systems.
Among the reasons Evolving Systems was selected over other competitors was its established leadership in serving the needs of global operators seeking to efficiently and effectively acquire, activate and service mobile subscribers as well as its local presence and familiarity with the regional market as a result of its engagement with other local telecommunications providers.
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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.
CAUTIONARY STATEMENT
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:
Michael Glickman
Senior Vice President, Investor Relations
GW Communications (for Evolving Systems)
Tel: (917) 397-2272
Email: mglickman@GWCco.com
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.