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Evolving Systems Completes Acquisition of Business Logic Systems


Englewood, CO, USA, July 6, 2017 -- Evolving Systems, Inc. (NASDAQ:EVOL), a provider in real-time analytics, activation and consumer lifecycle marketing for connected mobile devices worldwide,  announced that it has completed the previously announced acquisition of Business Logic Systems (BLS).

BLS, headquartered in Newbury, UK, specializes in data-driven customer value management and customer engagement solutions that have been implemented in over 20 mobile operators in Europe, Africa, Asia-Pacific and the Caribbean. 

"With this acquisition, Evolving Systems now has a customer base of over 90 customers spanning 66 countries across the world. The experienced team and technology from BLS, which provides actionable insights and relevant offers based on customer data, greatly complements Evolving Systems’ software portfolio and 25 years of expertise in customer acquisition, activation and retention. The technology further expands our Managed Services platform for delivering on-tap strategic and tactical solutions," said Thomas Thekkethala, CEO of Evolving Systems.

"Carrier technology such as 3G, 4G and LTE, VoIP, m-commerce and social media advertising, followed by over-the-top (OTT) advertising, all arrived at breakneck speeds, forever changing consumers’ communication behavior, as well as preferences and expectations for engagement with businesses and brands. Thanks to its nimble organizational structure and flexible technology, BLS has demonstrated its marketplace advantage as evidenced by a string of wins over our much larger competitors. We look forward to bringing this momentum to Evolving Systems and bringing our joint customer base valuable new engagement programs for their subscribers," added Richard Lewis, CEO of BLS.


Posted by Veronica Silva Cusi, news correspondent
Source: https://globenewswire.com

Date Posted: Friday, July 7, 2017

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