Evolving Systems Shortlisted for Best Specialist Vendor at World Vendor Awards

ENGLEWOOD, CO--(Marketwire - March 14, 2011) - Evolving Systems, Inc. (NASDAQ: EVOL), a leading provider of software solutions and services to the wireless, wireline and cable markets, today announced that Evolving Systems and its Dynamic SIM Allocation™ (DSA) solution have been shortlisted for the "Best Specialist Vendor" category at Total Telecom's World Vendor Awards.

The World Vendor Awards is the only awards ceremony that focuses entirely on vendors and recognizes excellence among those companies supplying hardware, software and services to the global telecoms industry. The awards are open to all suppliers large and small, general and specialist, communications sector equipment and software suppliers, IT companies and service providers.

Judges led by representatives of Total Telecom magazine and founding sponsor PricewaterhouseCoopers short-listed 43 leading telecom vendors in thirteen categories, including Outstanding Vendor of the Year, the Green Technology Initiative, Technology Foresight and Best Specialist Vendor. The winners are to be announced at a black tie dinner in London on May 5, 2011.

"Being shortlisted for this award is a great honor," said Thad Dupper, CEO and president of Evolving Systems. "The industry is recognizing that our innovative DSA solution provides an extraordinary user experience, while also streamlining operations and enabling new market propositions in today's hyper-competitive markets. DSA has already been selected by eight of the world's leading wireless operators."

More information can be found at www.terrapinn.com/2011/WVA2011

About Evolving Systems®
Evolving Systems, Inc. (NASDAQ: EVOL) 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, M2M and Mediation solutions. Founded in 1985, the Company has headquarters in Englewood, Colorado, with offices in the United Kingdom, India and Malaysia. Further information is available on the web 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 and ability of Evolving Systems' DSA solution to handle future needs of the 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 8, 2011, as well as subsequently filed Forms 10-Q, 8-K and press releases and the Company's website at www.evolving.com.

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Investor Relations
Jay Pfeiffer
Pfeiffer High Investor Relations, Inc.
303.393.7044