Evolving Systems

March 12, 2010 16:10 ET

Evolving Systems Board Appoints New Chairman

ENGLEWOOD, CO--(Marketwire - March 12, 2010) -  Evolving Systems, Inc. (NASDAQ: EVOL), a leading provider of software solutions and services to the wireless, wireline and cable markets, today announced that Stephen K. Gartside, Jr., Chairman of the Board, has resigned from the Company's board and Thad Dupper, the Company's President and CEO, will assume the additional role of Chairman of the Board.

Mr. Gartside's decision to step down from the board is part of an orderly transition that has been planned for some time and is based on his desire to focus on his role as President of Newton Running, a privately-held company specializing in the design of performance running shoes.

"We are very grateful to Stephen for his leadership and many contributions to Evolving Systems over the past nine years. He was instrumental in transforming us into the global company we are today," said Thad Dupper, Evolving Systems' President and CEO. He added, "Stephen is, and always will be, a valued colleague and good friend."

"Evolving Systems has made substantial progress as a global company and I am very proud of my association with the Company, but it is now time for me to focus my full energies on my position at Newton Running," said Gartside. He continued, "I am proud to have served this outstanding organization and I wish everyone at Evolving Systems continued success. I have no doubt that the Company has a terrific future."

Mr. Gartside joined the Company in August 2001 and has served on the Board since January 2004.

The Board also approved a reduction in size from nine to eight members. The Board intends to appoint a Lead Independent Director in the near future.

About Evolving Systems
Evolving Systems, Inc. is a provider of software and services to more than 70 network operators in over 40 countries worldwide. Its portfolio includes market-leading products for Service Activation, Service Verification, Dynamic SIM Allocation, Number Portability, Number Inventory and Mediation solutions. Founded in 1985, the Company has headquarters in Englewood, Colorado, with offices in the United Kingdom, Germany, India and Malaysia.

This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Specifically, statements about the Company's future 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 Form 10-K filed with the SEC on March 8, 2010, as well as subsequently filed Forms 10-Q, 8-K and press releases.

Contact Information

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    Sarah Hurp
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    Evolving Systems
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