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Evolving Systems: Evolving Systems Announces New Facility in Bangalore

^{Published on 2009-09-03 05:13:59 - Market Wire}
 

ENGLEWOOD, CO--(Marketwire - September 3, 2009) - Evolving Systems, Inc. (NASDAQ: [ EVOL ]), a leading provider of software solutions and services to the wireless, wireline and cable carrier markets, today announced the opening of a new office in Bangalore, India, consolidating several of its previous Bangalore facilities.

Evolving Systems Networks India Pvt. Ltd. is a wholly owned subsidiary of Evolving Systems, Inc., providing more than half of the Company's product development, testing and customer support capabilities. The new office, which now holds more than 120 employees, will provide a 30% expansion capacity with state of the art IT infrastructure, enabling the Company to scale and grow to support the demands of the business and its aggressive growth strategy, particularly for the Company's new Dynamic SIM Allocation™ product.

"Over the last five years, we've experienced more than 200% growth with 20% of that during the first half of this year alone," said Ram A. Dwivedi, general manager of Evolving Systems India. "It's not simply about providing low cost resources, but more specifically providing value in a cost effective manner."

"Evolving Systems' engineering, delivery and support presence in India is a vital part of the Company's global business strategy, particularly in Asia, where having local presence is seen as key for successful delivery and support," commented Thad Dupper, president and CEO of Evolving Systems. "This new office reflects our continued commitment to our Indian subsidiary, providing a state-of-the-art facility and work environment, enabling improved software quality as well as employee productivity and retention."

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, Process Management, Dynamic SIM Allocation, Number Portability, Number Inventory and Mediation solutions. Founded in 1985, the Company has headquarters in Englewood, Colorado, with offices in the United Kingdom, Germany, India and Malaysia. For more information visit [ 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 of the new Indian offices described in this press release 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 11, 2009, as well as subsequently filed Forms 10-Q, 8-K and press releases and the Company's website at [ www.evolving.com ].