About Evolving Systems
Evolving Systems is a company based in Englewood (United States) founded in 1985 was acquired by PartnerOne in January 2022. It operates as a SaaS (Software-as-a-Service), and Professional Services. The company has 168 employees as of April 06, 2024. Evolving Systems has completed 5 acquisitions, including Business Logic Systems, Lumata and Sixth Sense Media. Evolving Systems offers products and services including Dynamic SIM Allocation, Tertio Service Activation, Total Number Management, Evolution Loyalty, and Evolution Marketplace. Evolving Systems operates in a competitive market with competitors including Matrixx, DigitalRoute, Rev.io, Procera Networks and Zettics, among others.
- Headquarter Englewood, United States
- Employees 168 as on 06 Apr, 2024
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Sectors
Telecommunications
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Phone
*********
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Website
*********
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Social
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- Legal Name Evolving Systems Lumata Ltd.
- Date of Incorporation 03 Feb, 2004
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$5.08 M (USD)1.08as on Mar 31, 2023
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Net Profit
$580.63 K (USD)8.03as on Mar 31, 2023
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EBITDA
$1.06 M (USD)7.16as on Mar 31, 2023
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Latest Funding Round
- Investors
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Employee Count
168
as on Apr 06, 2024
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Investments & Acquisitions
Business Logic Systems
& 4 more
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Acquired by
PartnerOne
(Jan 05, 2022)
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Products & Services of Evolving Systems
Evolving Systems offers a comprehensive portfolio of products and services, including Dynamic SIM Allocation, Tertio Service Activation, Total Number Management, Evolution Loyalty, and Evolution Marketplace. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
SIM allocation is automated for telecom operator efficiency.
Service activation is transformed into strategic growth engine.
Number inventory is managed to unlock new revenue.
Loyalty solutions are customized for telecom operator brands.
Campaign management is streamlined for operators and merchants.
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Funding Insights of Evolving Systems
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Evolving Systems
Evolving Systems has secured backing from 1 investor. Prominent investors backing the company include PartnerOne. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Enterprise software solutions are provided by PartnerOne for global organizations.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Evolving Systems
Evolving Systems has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Business Logic Systems, Lumata and Sixth Sense Media. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Real-time customer lifecycle management, advertising and data monetisation software and services.
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2011 | ||||
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Mobile marketing platform
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1999 | ||||
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Telespree is engaged in providing mobile service solutions for carriers and operators.
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1999 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Evolving Systems
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Evolving Systems Comparisons
Competitors of Evolving Systems
Evolving Systems operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Matrixx, DigitalRoute, Rev.io, Procera Networks and Zettics, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Billing and charging solutions are provided for telecommunications operators.
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| domain | founded_year | HQ Location |
Data management & integration solutions provider
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| domain | founded_year | HQ Location |
Cloud-based Billing and CRM solutions provider
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| domain | founded_year | HQ Location |
Subscriber experience assurance solutions provider
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| domain | founded_year | HQ Location |
Subscriber data analytics solutions are provided for telecom operators.
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| domain | founded_year | HQ Location |
Multi-channel campaign management platform is offered for customer insights.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Evolving Systems
Frequently Asked Questions about Evolving Systems
When was Evolving Systems founded?
Evolving Systems was founded in 1985.
Where is Evolving Systems located?
Evolving Systems is headquartered in Englewood, United States. It is registered at Englewood, New Jersey, United States.
How many employees does Evolving Systems have?
As of Apr 06, 2024, the latest employee count at Evolving Systems is 168.
What is the annual revenue of Evolving Systems?
Annual revenue of Evolving Systems is $5.08M as on Mar 31, 2023.
What does Evolving Systems do?
Evolving Systems is focused on delivering advanced software solutions for the telecommunications industry. The company is involved in automating SIM and number management, service activation, and customer value management. Solutions are provided to telecom operators globally, ranging from Tier-1 to boutique carriers. Sectors served include mobile telecommunications across emerging and developed markets. Key offerings include Dynamic SIM Allocation, Tertio Service Activation, and Evolution Marketplace, aimed at enhancing operational efficiency and unlocking new revenue streams. AI-driven decisioning is integrated to enrich customer experiences and improve engagement. The company is recognized for supporting over 100 carriers and impacting over 1 billion consumers annually.
Who are the top competitors of Evolving Systems?
What products or services does Evolving Systems offer?
Evolving Systems offers Dynamic SIM Allocation, Tertio Service Activation, Total Number Management, Evolution Loyalty, and Evolution Marketplace.
How many acquisitions has Evolving Systems made?
Evolving Systems has made 5 acquisitions, including Business Logic Systems, Lumata, and Sixth Sense Media.
Who are Evolving Systems's investors?
Evolving Systems has 1 investor. Key investors include PartnerOne.
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