Momentum Continues to Build for Evolving Systems’ Real-Time Digital Engagement Solutions with Wins at Multiple European and...
April 09 2018 - 8:00AM
Evolving Systems, Inc.
(Nasdaq:EVOL)
, a leader in real-time digital
engagement solutions and services, today announced that three new
digital engagement contract deployments are now live with European
and Middle Eastern operators.
These three new contracts have a collective
value of approximately $3.8 million over the next 2-3 years, and
potentially greater value based upon the success of the
deployments. Evolving Systems will assist these operators with
their digital engagement initiatives, through the use of its
software and services, which drive increased customer lifetime
value (“CLV”). Improving CLV is especially critical for larger
operators who already have dominant market positions and are
seeking to reduce churn and reverse shrinking average revenues per
user (ARPU) by leveraging their brand and partnerships to improve
engagement and retention.
- In Southern Europe, one of the largest mobile phone providers,
has selected Evolving Systems to drive CLV by taking over its
gamified solution to enhance mobile device minute and data reloads
(“top-ups”), and manage its platform. The solution required the
customer to actively participate with an offer on social media
rather than just accept an offer passively. Evolving was selected
over many competing vendors owing to its track record of being able
to drive increased customer value and retention by engaging
customers across multiple digital channels.
- In the Middle East, the Evolving solution will be fully
integrated with the operator’s data warehouse, communication
gateways and its billing and network provisioning systems, to
provide a comprehensive and integrated console for enabling its
digital engagement strategies for customers. The solution will
expand the operator’s digital engagement workflow for real-time
marketing and customer engagement programs designed to deliver
higher-value and more relevant offerings to customers, increasing
CLV.
- In Northern Europe, Evolving Systems was selected by the
operator due to its deep experience in working with digital
engagement systems at Tier 1 European operators. Under this
agreement, Evolving Systems will introduce innovative
personalization and customer appreciation initiatives to encourage
engagement, enhance the program’s visibility across social networks
and enable a Business to Business (B2B) marketing platform for the
operator’s enterprise customers. This B2B platform will allow the
operator to attract and grow a complementary partner ecosystem that
not only helps it present completely new and valuable offerings to
its subscribers, but will also drive engagement, increase spend and
improve tenure as a result. The program will feature a combination
of Evolving’s existing Real-time Digital Engagement platforms and
will be supported on Windows, iOS and Android mobile devices.
Unlike traditional software services which focus
strictly on cutting costs by improving efficiencies, Evolving’s CLV
solutions also allow its customers to drive new and additional
revenue through real-time programing that reaches and engages more
customers.
“We are excited to have the opportunity to work
with the leadership teams at each of these important new customers
as they seek to further grow their mobile brands in their
respective operating markets. Momentum is building as operators and
brands begin to recognize the value of real-time digital engagement
and the significant impact that driving CLV and reducing churn by
employing actionable, real-time insights for highly personalized,
contextual engagement can have on their bottom lines,” said Adhish
Kulkarni, 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.
CAUTIONARY
STATEMENTThis 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 Forms 10‑K, 10‑Q, 10‑Q/A, 8‑K and 8‑K/A filed with
the SEC; press releases and the Company’s website.
Investor Relations Contact:
Michael GlickmanSenior Vice President, Investor RelationsGW
Communications (for Evolving Systems)Tel: (917) 397-2272Email:
33Tmglickman@GWCco.com
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