Evolving Systems Reports First Quarter 2017 Financial Results and Announces Acquisition of Business Logic Systems to Expand into Mobile Customer Value Management and Monetization

ENGLEWOOD, CO — (Marketwired) — 05/11/17 — (NASDAQ: EVOL)(NASDAQ: EVOL), a leader in consumer lifecycle engagement, analytics and monetization solutions for connected mobile devices worldwide, today announced a definitive agreement to acquire UK-based Business Logic Systems Limited. Specific terms of the transaction, which is subject to customary closing conditions, will be disclosed in SEC filings. The Company will conduct a conference call today at 2:30 p.m. Mountain Time to discuss the pr