SOURCE: EVOLVING SYSTEMS

Evolving Systems

September 10, 2015 07:00 ET

Tier 1 Asian Operator Expands the Capacity of Evolving Systems' Tertio® Service Activation Solution

Places Additional Subscriber License Order and Extends Its Capacity to Support Growing Subscriber Volumes

ENGLEWOOD, CO--(Marketwired - Sep 10, 2015) - Evolving Systems, Inc. (NASDAQ: EVOL), a leader in activation, enablement and management of services for connected mobile devices, today announced that one of Asia's leading wireless operators has placed an additional subscription license order to expand its Tertio® Service Activation solution, continuing its investment and support for growing subscriber numbers.

Tertio, a leading service activation solution for mobile and next generation converged networks, offers a market proven platform for new service development and implementation, allowing operators to introduce new services cost-effectively, as well as manage and withdraw services, to respond quickly to market changes.

"It's satisfying to see one of our customers continue to benefit from our Tertio solution and make the decision to expand and invest further in their system," said Thad Dupper, Chairman and CEO of Evolving Systems. "This order not only reflects an increase in our customer's subscriber volumes, but reaffirms our customer's commitment to Tertio as their preferred service activation solution capable of providing the flexibility and scalability they need to grow alongside the business. And as our investors know, this license expansion -- like all license expansions for us -- represents very high margin business."

About Evolving Systems®
Evolving Systems, Inc. (NASDAQ: EVOL) is a provider of software and services to 60 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 services for connected devices. Founded in 1985, the Company has headquarters in Englewood, CO, 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, statements about the impact and ability of the solution described in this press release to handle future needs of customers and the Company's ability to generate high margin business 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, as well as subsequently filed Forms 10-Q, 8-K and press releases and the Company's websites.

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