Evolving Systems' Dynamic SIM Allocation(TM) Solution Supports Customer in Strategic MVNO Initiative

ENGLEWOOD, CO--(Marketwired - May 21, 2013) - Evolving Systems, Inc. (NASDAQ: EVOL), a leading provider of strategic solutions to telecom operators worldwide, today announced that a Latin American customer plans to use its Dynamic SIM Allocation™ (DSA) Solution to support a strategic Mobile Virtual Network Operator (MVNO) initiative.

Competing effectively and gaining market share is of paramount importance to this customer as the second largest mobile operator in their country. For MVNOs, being able to use an existing operator's infrastructure means banks, supermarkets and other outlets can set up their own mobile service without having to invest in expensive network equipment. For operators, having the ability to quickly ramp new MVNOs into their networks is key to maximizing their revenues in this growing market segment.

With few existing MVNOs in this country, supporting the creation of new ones with DSA will help the customer take onboard new MVNOs quickly, and enable them to offer their subscribers the unique DSA activation experience. DSA's capabilities will help the operator leverage this growing new market with more services and generate additional market share and business opportunities by targeting corporations as well as individual subscribers.

"The MVNO market represents a significant opportunity for telecom operators to increase their revenues and tap into new channels of innovation available in new market segments," said Thad Dupper, Chairman and CEO of Evolving Systems. "DSA's configurability allows the mobile operator to compete effectively in the wholesale market, enabling them to extend the OPEX-saving and revenue increasing benefits of DSA to their MVNO offering."

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' Dynamic SIM Allocation solution to handle future needs of the company's 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-Q, 8-K and press releases and the Company's website at www.evolving.com and on Twitter at http://twitter.com/EvolvingSystems