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Business Logic Systems has been acquired by Evolving Systems Inc, a NASDAQ quoted company

Business Logic Systems has been acquired by Evolving Systems Inc, a NASDAQ quoted company

Posted by: rfrancombe Posted in: Date: 06 Jul 2017

Business Logic Systems has been acquired by Evolving Systems Inc, a NASDAQ quoted company

We are delighted to announce on behalf of our employees, shareholders and customers that we have been acquired by Evolving Systems, Inc. (NASDAQ: EVOL), a leader in consumer lifecycle engagement, analytics and monetization solutions for connected mobile devices worldwide. The transaction has closed on the 3rd July 2017.

Evolving Systems, Inc. (NASDAQ: EVOL) is a provider of software and services for connected mobile devices to over 75 network operators in over 50 countries worldwide. The Company's portfolio includes market-leading solutions and services for consumer lifecycle engagement (acquisition, activation, upsell, retention) analytics and monetization. Founded in 1985, the Company has headquarters in Englewood, Colorado, with offices in the United States, United Kingdom, India, Malaysia and Romania. 

Thomas Thekkethala, the Chief Executive Officer of Evolving Systems, said, "We are pleased to announce the acquisition of BLS, a long-standing provider of digital customer engagement and customer value management expertise to wireless operators in emerging markets. The team, technologies and solutions at BLS will dovetail nicely with our Managed Services model and we consequently expect a speedy integration that should serve to strengthen our managed service offerings. The acquisition will also expand our global customer footprint through BLS' long-standing relationships with a number of mobile operator groups."

It is the view of the Shareholders and Management of Business Logic Systems that this acquisition will further enhance our long standing capability to design, develop, deliver and support our customers and partners with leading edge Customer Value Management platforms and services. We look forward to extending our relationship and maintain our commitments over many years to come 

For more information about this aquisition, please see the press release on GlobeNewswire

For more information about Evolving Systems, please visit www.evolving.com