Evolving Systems (NASDAQ:EVOL)
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5 Years : From May 2012 to May 2017
- South Asian Operator to rely on leading service activation solution as it gets ready for 3G
Evolving Systems, Inc. (NASDAQ: EVOL), a leading provider of strategic solutions to telecom operators worldwide, today announced that the Company's Tertio® Service Activation solution will help drive a long standing South Asian customer's launch of new services on its next-generation network. Evolving Systems' convergent mediation solution, Evident®, will also be used to support voice, data and content services with real-time quality of service billing.
After carrying out an in-depth evaluation, the operator highlighted the need for a centralized provisioning system and selected Evolving Systems' Tertio as the best platform to support its move to a next-generation 3G-ready network. Underlining the strength of its longstanding relationship, Evolving Systems was one of very few vendors retained by the operator through its network transition process.
The network upgrade will deliver increased capacity and ensure the operator is ready to accommodate 3G services when they come on stream. The company expects to grow its subscriber base from its current figure of approximately 29 million as it expands market share through the new network. Tertio will be used to activate all new subscribers, playing a key role in managing expected future network growth.
As part of the upgrade, a new home location register (HLR) will be deployed, allowing the operator to migrate subscribers from the old database onto a new one.
Thad Dupper, Chairman, President and CEO of Evolving Systems, remarked, "It is a testament to the strength of our relationship with this customer, as well as the trust they have in our Tertio solution to support next generation services, that the operator has chosen to retain our solution through this key stage in its development."
About Evolving Systems®
Evolving Systems, Inc. (NASDAQ: EVOL) is a provider of software and services to 50 network operators in over 40 countries worldwide. The Company's product portfolio includes market-leading activation products that address subscriber service activation, SIM card activation, mobile broadband activation as well as the activation of connected devices. Founded in 1985, the Company has headquarters in Englewood, Colorado, with offices in the United Kingdom, India and Malaysia. Further information is available on the web at www.evolving.com.
This news release contains "forward-looking statements" within the meaning of the United States' Private Securities Litigation Reform Act of 1995, based on current expectations, estimates and projections that are subject to risk. Specifically, Evolving Systems' statements about the impact and ability of Evolving Systems' Tertio and Evident solutions to handle future needs of the customer mentioned in this press release are forward-looking statements. Readers should not place undue reliance on these forward-looking statements, and Evolving Systems may not undertake to update these forward-looking statements. Actual results could differ materially because of many factors, such as internal budgeting changes of customers, the impact of competition and the general state of the telecommunications industry. For a more extensive discussion of Evolving Systems' business, please refer to the Company's Form 10-K filed with the U.S. SEC on March 30, 2012, as well as subsequently filed Forms 10-Q, 8-K and press releases and the Company's website at www.evolving.com.
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