Saturation in Global Mobile Telecommunications Market Forces Operators to Focus on Improving Customer Lifetime Value
ENGLEWOOD, Colo., April 09, 2018 (GLOBE NEWSWIRE) -- Evolving Systems, Inc. (Nasdaq:EVOL), a leader in real-time digital engagement solutions and services, today announced that three new digital engagement contract deployments are now live with European and Middle Eastern operators.
These three new contracts have a collective value of approximately $3.8 million over the next 2-3 years, and potentially greater value based upon the success of the deployments. Evolving Systems will assist these operators with their digital engagement initiatives, through the use of its software and services, which drive increased customer lifetime value (“CLV”). Improving CLV is especially critical for larger operators who already have dominant market positions and are seeking to reduce churn and reverse shrinking average revenues per user (ARPU) by leveraging their brand and partnerships to improve engagement and retention.
Unlike traditional software services which focus strictly on cutting costs by improving efficiencies, Evolving’s CLV solutions also allow its customers to drive new and additional revenue through real-time programing that reaches and engages more customers.
“We are excited to have the opportunity to work with the leadership teams at each of these important new customers as they seek to further grow their mobile brands in their respective operating markets. Momentum is building as operators and brands begin to recognize the value of real-time digital engagement and the significant impact that driving CLV and reducing churn by employing actionable, real-time insights for highly personalized, contextual engagement can have on their bottom lines,” said Adhish Kulkarni, Senior Vice President - Solutions, at Evolving Systems, Inc.
About Evolving Systems®
Evolving Systems, Inc. (NASDAQ:EVOL) is a provider of real-time digital engagement solutions and services to more than 100 customers in over 65 countries worldwide. The Company’s portfolio includes market-leading solutions and services for real-time analytics, customer acquisition, customer value management and loyalty for telecom, retail and financial services companies. Founded in 1985, the Company has its headquarters in Englewood, Colorado, with offices in Asia, Europe, Africa, South America and North America. For more information, please visit www.evolving.com or follow us on Twitter at http://twitter.com/EvolvingSystems.
CAUTIONARY STATEMENT
This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, based on current expectations, estimates and projections that are subject to risk. Specifically, statements about the market for, and performance of, the Company’s products and its ability to successfully integrate its solutions with existing customer network systems 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 Forms 10‑K, 10‑Q, 10‑Q/A, 8‑K and 8‑K/A filed with the SEC; press releases and the Company’s website.
Investor Relations Contact:
Michael Glickman
Senior Vice President, Investor Relations
GW Communications (for Evolving Systems)
Tel: (917) 397-2272
Email: [email protected]
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