Evolving Systems Completes Acquisition of Business Logic Systems
July 06 2017 - 8:00AM
Evolving Systems, Inc. (NASDAQ:EVOL), a leader in real-time
analytics, activation and consumer lifecycle marketing for
connected mobile devices worldwide, today announced that it has
completed the previously announced acquisition of Business Logic
Systems (BLS).
BLS, headquartered in Newbury, UK, specializes
in data-driven customer value management and customer engagement
solutions that have been implemented in over 20 mobile operators in
Europe, Africa, Asia-Pacific and the Caribbean. BLS solutions turn
customer data into actionable insights and personalized contextual
offers. Customer engagement occurs through in-bound and out-bound
offers and is further extended through a suite of loyalty and
retention solutions.
“With this acquisition, Evolving Systems now has
a customer base of over 90 customers spanning 66 countries across
the world. The experienced team and technology from BLS, which
provides actionable insights and relevant offers based on customer
data, greatly complements Evolving Systems’ software portfolio and
25 years of expertise in customer acquisition, activation and
retention. The technology further expands our Managed Services
platform for delivering on-tap strategic and tactical solutions,”
said Thomas Thekkethala, CEO of Evolving Systems.
Evolving Systems’ solutions deliver a
significant competitive advantage to organizations with a large
subscriber base in the telecom, banking, retail and other sectors.
Reaching a potential 1.9 billion subscribers each day, the Company
helps its customers grow market share, increase average revenue per
user (ARPU), stem churn or improve business efficiencies in a
dynamic market.
“Carrier technology such as 3G, 4G and LTE,
VoIP, m-commerce and social media advertising, followed by
over-the-top (OTT) advertising, all arrived at breakneck speeds,
forever changing consumers’ communication behavior, as well as
preferences and expectations for engagement with businesses and
brands. Thanks to its nimble organizational structure and flexible
technology, BLS has demonstrated its marketplace advantage as
evidenced by a string of wins over our much larger competitors. We
look forward to bringing this momentum to Evolving Systems and
bringing our joint customer base valuable new engagement programs
for their subscribers,” added Richard Lewis, CEO of BLS.
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 over
66 countries worldwide. The Company's portfolio includes
market-leading solutions and services for consumer lifecycle
engagement (acquisition, activation, upsell, retention) analytics
and monetization. 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 www.evolving.com or follow us on Twitter at
http://twitter.com/EvolvingSystems.
Forward Looking StatementsThis
news release contains "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of
1995. Specifically, statements about the continued growth and
success of the Company are forward looking statements. 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.
Company Contact:
Michael Glickman
Senior Vice President, Investor Relations
GW Communications (for Evolving Systems)
Tel: (917) 397-2272
Email: mglickman@GWCco.com
Evolving Systems (NASDAQ:EVOL)
Historical Stock Chart
From Mar 2024 to Apr 2024
Evolving Systems (NASDAQ:EVOL)
Historical Stock Chart
From Apr 2023 to Apr 2024