14 October 2010 - Evolving Systems Named Colorado's Fastest Growing Public Company

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ENGLEWOOD, Colorado - Evolving Systems, Inc. (NASDAQ-EVOL), a leading provider of software solutions and services to the wireless, wireline and cable markets, has been featured by the Denver Business Journal (DBJ) as Colorado's #1 fastest growing public company in terms of profitability.

The Denver Business Journal article featuring Evolving Systems cited the Company's over 700% net income growth – from $600,000 to $4.8 million - between 2007 and 2009. The article referenced Evolving Systems' new product offering in the growing, worldwide connected-devices market and other strategic initiatives as drivers in the Company's bottom-line success. The article is available at the following

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Thad Dupper, chairman and CEO of Evolving Systems, said, "We are pleased to rank at the top of the DBJ's list of Colorado's fastest growing public companies, particularly when you consider the other companies on the list included Liberty Media, Chipotle and IHS to name a few. I would like to thank all of our employees – it is their hard work and dedication that made this number one ranking a reality. In recent years we have strengthened our balance sheet, invested heavily in new product development and expanded into the emerging markets. These initiatives have translated to a significantly improved bottom line. We're happy to say we have extended our profitability into 2010 and look forward to continued success."

News Source : 14 October 2010 - Evolving Systems Named Colorado's Fastest Growing Public Company