Evolving Systems Announces Global DSA Licensing Agreement for Leading Multi-National Carrier

ENGLEWOOD, CO--(Marketwired - Oct 1, 2013) - Evolving Systems, Inc. (NASDAQ: EVOL), a leading provider of strategic solutions to telecom operators worldwide, today announced that one of the largest mobile operator groups in the world, with operations in 20 countries, has negotiated an enterprise pricing structure for the Company's Dynamic SIM Allocation™ (DSA) solution that will allow operating companies within the group to license DSA at pre-negotiated rates.

This premier group, a top 5 operator in the world, has a combined subscriber base in excess of 250 million. In addition, the group maintains a leading carrier position in the India market and a significant presence in the fast growing African markets.

DSA will provide a number of compelling benefits to the group by offering a more tailored customer experience at the point of activation, including dynamic number selection, as well as more efficiency and greater flexibility in SIM card distribution and logistics.

This agreement sets the terms that will enable individual operating companies to order DSA at prices that leverage the group's overall size and worldwide subscriber base. Evolving Systems will announce individual orders as received from each operating company in future press releases.

"This agreement with one of the world's top 5 carriers -- a carrier with over 250 million subscribers worldwide -- takes DSA to a new level as an endorsement," commented Thad Dupper, Chairman and CEO. "We expect this global agreement will act as a catalyst for other carriers and groups worldwide to consider adopting DSA as their new standard in SIM card activation."

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. For more information please visit www.evolving.com or follow us on Twitter: http://twitter.com/EvolvingSystems.

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 and ability of Evolving Systems' DSA solution to handle future needs of the company's customers and expectations about additional orders from the carrier mentioned in this press release and other customers 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 12, 2013, as well as subsequently filed Forms 10-K/A, 10-Q, 10-Q/A, 8-K and press releases and the Company's website at www.evolving.com.