06-Dec-2005
- Evolving Systems Continues Geographical Expansion with Asia Win
ENGLEWOOD, Colorado - Evolving Systems, Inc. (NASDAQ-EVOL), a leading provider of software solutions and services to the wireless, wireline and IP carrier market, today announced its first order from a mobile operator in Indonesia for its Evident™ mediation product.
Evident is Evolving Systems' convergent mediation platform that supports the rapid rollout of new services and innovative pricing models. It delivers accurate service usage data for business intelligence, revenue assurance and next-generation billing of voice, video, messaging and content services. Evident helps network operators maximize service profitability by consolidating all usage data mediation needs on a single platform and by streamlining the process of managing changes to network and business interfaces.
Stephen Gartside, President and CEO of Evolving Systems commented "This latest win is further confirmation that Evolving Systems is achieving its goal of geographical expansion during 2005. As one of the fastest growing mobile markets in the Asia Pacific region, Indonesia is facing a time of rapid growth and competition. Evolving Systems has considerable experience working with leading mobile operators in competitive markets, and we look forward to bringing our expertise to support our new customer in this high-growth market."
The order was secured through vendor partnership in the region. Evolving Systems will work closely with the customer on the implementation and deployment and expects the system to be operational by the end of 2005.
About Evolving Systems®
Evolving Systems Inc. (NASDAQ-EVOL) is a provider of software and services to
more than 50 network operators in 40 countries worldwide. Its portfolio includes
market-leading solutions for activation, mediation & assurance and numbering
solutions. Founded in 1985, the Company has headquarters in Englewood, Colorado,
with offices in the United States, United Kingdom, Germany, India and Malaysia.
Further information at www.evolving.com
CAUTIONARY STATEMENT
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 of the contract
and product described in this press release are forward-looking statements. Readers
should not place undue reliance on these forward-looking statements, and the
Company 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 31, 2005.
CONTACTS:
Investor Relations
Jay Pfeiffer
Pfeiffer High Investor Relations, Inc.
303.393.7044
jay@pfeifferhigh.com
Public Relations (EMEA & Asia Pacific)
Jenny Dutta
Ogilvy Public Relations Worldwide
+44 20 7309 1217
jenny.dutta@uk.ogilvypr.com
Public Relations Contact (Americas)
Dan La Russo
Ogilvy Public Relations Worldwide
212.880.5315
dan.larusso@ogilvypr.com
