Matthew Stecker is Named Chief Executive Officer of Evolving Systems
July 18 2018 - 8:30AM
- Industry Leader with track record of
success to drive next phase of company’s growth -
Evolving Systems, Inc. (Nasdaq:EVOL)
The Board of Directors of Evolving Systems today announced the
removal of Thomas Thekkethala, for cause, as President and CEO and
the appointment of Matthew Stecker to take over that role,
effective immediately.
As a for-cause termination, the board does not intend to pay Mr.
Thekkethala any severance, either under his employment agreement or
otherwise. There were, however, no disagreements between the
company and Mr. Thekkethala as to any financial or accounting
issue. The board anticipates no change in financial condition
or outlook related to this change.
Matthew Stecker, 49, joined Evolving Systems’ Board of Directors
in March 2016, was named Chairman of the Board in August 2016, and
Executive Chairman in April 2018. He has a long history of
leadership in the Software, Services, and Mobile
industries.
Matthew studied Computer Science at Duke University and earned
his law degree at The University of North Carolina at Chapel
Hill. After putting himself through law school working for
NeXT, he worked at and eventually became President of Marble
Associates, Inc., in Boston. Matthew has also run advertising
technology at Vindigo, was the CTO of SmartServ, Inc., and was a
Vice President and Principal at TMNG/Cartesian and its strategy
consultancy CSMG.
Additionally, Matthew has been a Vice President at Real
Networks, and served as CEO of Livewire Mobile from 2009 until its
sale to OnMobile in 2013. From 2015 to 2017, Matthew was a
Senior Advisor at the United States Department of Commerce where he
helped to launch FirstNet, the Federal network for Public
Safety. He has served on multiple boards and has been an
advisor to many startups. He has a high profile in the mobile and
digital ecosystems.
On his appointment as Evolving Systems’ CEO, Stecker comments:
"Since January I've had the chance to meet Evolving's people and
many of its key customers. In that time, I’ve quickly learned
that our carrier customers who know either or both of Evolving's
businesses - its activation platform and its marketing services -
love and rely on us to solve hard problems unique to wireless
carriers across an amazingly diverse geographic footprint.”
Stecker added: “It has become clear to me that Evolving
needs to continue to do what it has done so well, providing the
People, Processes, and Platforms that better activate, engage, and
retain our clients’ customers. We also need to tell our story more
broadly and with higher intensity. My goal is for Evolving Systems
to be the CSPs’ first choice partner in attracting, onboarding,
engaging, and retaining customers through a combination of our
smart technologies, expert people, and brilliant execution.
Evolving’s story is one I'm honored to be a part of."
Evolving Systems has a long legacy as a specialized software
provider that facilitates activation services for wireless
operators worldwide. In 2017, Evolving Systems gained a
digital marketing platform through the acquisitions of Lumata and
BLS. The company continues to embrace and enhance both of
these core capabilities and will look to enhance its existing
offerings while reaching out to wireless operators around the
globe.
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 and new customers 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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