Evolving Systems Extends Leadership in Dynamic Provisioning Space With 140 Millionth SIM Card Activation

ENGLEWOOD, CO--(Marketwired - May 23, 2013) - Evolving Systems, Inc. (NASDAQ: EVOL), a leading provider of strategic solutions to telecom operators worldwide, today announced that the number of confirmed activations carried by the Company's Dynamic SIM Allocation™ (DSA) solution has now reached 140 million SIM cards -- nearly a 100% increase in a period of just over a year.

In addition to leading the dynamic provisioning industry in the number of "live" customers and total activations, Evolving Systems has unequaled experience in customer implementations based on its successful six-year track record following the launch of DSA in 2007. The Company now has contracts with customers in the Middle East, Africa, Mexico, South America and Asia -- all of which benefit from a wide array of DSA advantages, ranging from operational efficiencies and improved business agility to cost savings and enhanced customer loyalty.

DSA streamlines SIM logistics, helping mobile operators increase the supply of SIMS in the market, while reducing costs related to phone number acquisition and network resource allocation by deferring the SIM card activation to when it is first placed in the phone. While offering an enriched user experience for mobile broadband services -- easy prepaid registration, intelligent SIM swap and locking -- carriers using DSA are able to greatly simplify the end-user experience by enabling language and number selection, tariff plans and promotions directly through the handset at the time of first use.

In the first quarter of 2013, Evolving Systems announced that Globe Telecom, a key challenger brand in the Philippines, had launched the solution to manage its SIM inventory more efficiently and improve the customer experience for its prepaid subscribers. Globe will become the first carrier in the Philippines to enable prepaid subscribers to choose their preferred number at the point of activation, thereby affording the carrier a significant competitive advantage in that country.

In addition to expanding DSA's reach in terms of users, customer numbers and geographical range, Evolving Systems continues to deliver innovation to the DSA technology platform itself. Recent enhancements to DSA include a new product module, the SIM Reservation Portal™, which enables mobile operators to bring the benefits of DSA to more customers through more sales channels. The Company has also introduced a Customer Services module to provide support to call centers when customers experience problems activating their handsets due to literacy issues, tariff choice confusion or malfunctioning handsets.

"Evolving Systems has emerged as the clear leader in the mobile dynamic provisioning space with approximately 140 million subscribers having activated their handsets using our DSA software to date and millions more activating every month," said Thad Dupper, Chairman and CEO. "We expect that number to grow steadily as our existing carriers experience the benefits of our solution and we win more carrier customers. And that, in turn, should translate into more value for our stockholders at a time when the marketplace is valuing emerging tech companies based on the number and growth rate of end users interacting with their technology or platform -- a recent example of this being Yahoo!'s agreement to acquire Tumblr."

"The key driver for the growth in DSA activations is the popularity of the solution's number selection feature, which is proving to be a powerful market differentiator in hyper competitive prepaid markets. Specifically, we are seeing lower churn and increased average revenue per user in cases where carriers using our DSA solution offer their subscribers the ability to choose a number of their preference."

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; the Company's ability to continue growing its DSA customer base; and the Company's ability to increase value for stockholders are forward-looking. 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