Evolving Systems Awarded Three New Customer Contracts in South-Asia and Africa
June 25 2018 - 8:30AM
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.
- A leading African carrier and an existing customer further
invested in Evolving Systems' solutions through a new managed
services agreement allowing it to expand its reach and offerings to
acquire customers and improve engagement while improving network
operation efficiency.
“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.
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:
Alice Ahern
Investor Relations
Evolving Systems
Tel: +1 303 802 1000
Email: investors@evolving.com
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