Evolving Systems Embraces Open Standards with Membership to the TM Forum

Rhea-AI Summary

Evolving Systems, Inc. (Nasdaq: EVOL) has joined the TM Forum, an alliance of over 850 global companies focused on digital transformation. As a leader in operational support and business support systems, Evolving Systems intends to leverage its 30 years of experience to help accelerate digital transformations across the industry. The collaboration aims to enhance 5G developments and improve customer engagement through innovative solutions. CEO Matthew Stecker emphasized the importance of business and IT agility in the evolving digital landscape, signaling the company's commitment to shaping future industry standards.

Positive

• Membership in TM Forum enhances collaboration with leading network and communications providers.
• Evolving Systems brings over 30 years of operational support and business experience to the Forum.
• Focus on accelerating digital transformations and adapting to 5G technology opportunities.

Negative

• None.

- Joint Collaboration with World’s Top Network and Communications Providers will follow -

ENGLEWOOD, Colo., Nov. 17, 2020 (GLOBE NEWSWIRE) -- Evolving Systems, Inc. (Nasdaq: EVOL), a leader in real-time digital engagement solutions and services, has announced its membership to the TM Forum, the industry association driving digital transformation through collaboration. 

TM Forum is an alliance of 850+ global companies working together to break down technology and cultural barriers between digital service providers, technology suppliers, consultancies and systems integrators. The Forum’s work is defined by its members, which include 10 of the world’s top 10 network and communications service providers and stretch across 180 countries. Members tap into each other’s collective experiences and abilities to collaboratively solve complex industry-wide challenges, deploy new services and create technology breakthroughs to accelerate change. 

As a leader in the areas of both the OSS and BSS domains, with its activation and customer value management products, Evolving Systems brings over 30 years’ experience and expertise in key operational areas of central importance to both the Forum itself as well as its wider community of members. Presently, its products, platforms, and services are helping CSP clients achieve successful digital transformations by deploying innovative programs that drive compelling and consistent long-term end-user relationships. Evolving Systems’ approach results in higher engagement and advocacy, increased cross and up sell, and the definition of service and product features that adjust to changing customer behaviors. By joining the TM Forum and conforming to its Open APIs, Evolving Systems expects to assist in the acceleration of digital transformations across the industry. 

Matthew Stecker, CEO Evolving Systems commented: “Evolving Systems is delighted to join the TM Forum and become part of an active and influential community of industry leaders. We are particularly excited to be collaborating on developments surrounding 5G and digital transformation. These require innovative technology solutions and new partner ecosystems in order to bring their commercial opportunities to life.” 

Stecker concluded: “At Evolving Systems, we’re already seeing the importance of enabling business and IT agility. They are prerequisites to driving progress in the 5G era.  We believe we can make an important contribution to shaping the future of the industry through our work with the Forum.”

Welcoming Evolving Systems to the Forum, Nik Willetts, CEO, TM Forum, said: “As we begin to adjust to the ‘next normal’, our members are working diligently to address challenges around the long-term impact on people and ways of working; practical ways to accelerate transformation projects; and what truly needs to change to enable innovation and growth – with a focus on future design of network and IT teams.” He added: “The work our members are doing is critical to delivering the agility, experience and cost base required for our industry to thrive.”

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 60 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 

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Media & Analyst Relations: Sancha Brody
Sancha.brody@evolving.com +44 (0) 7376 366855

FAQ

What is Evolving Systems' recent collaboration announcement?

Evolving Systems announced its membership to the TM Forum, aimed at enhancing digital transformation efforts.

How does Evolving Systems plan to contribute to TM Forum?

The company plans to leverage its expertise in OSS and BSS to accelerate digital transformations across the industry.

What are the goals of Evolving Systems in joining TM Forum?

The goals include improving collaboration on 5G developments and enhancing customer engagement.

When did Evolving Systems announce their TM Forum membership?

Evolving Systems announced its TM Forum membership on November 17, 2020.

What is the stock symbol for Evolving Systems?

The stock symbol for Evolving Systems is EVOL.