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Evolving Systems acquires Telespree Communications

Evolving Systems announced it has acquired privately held Telespree Communications, a SaaS provider of service activation, self-service mobile applications and data enablement solutions to wireless carriers and MVNOs. Telespree is based in San Francisco, CA. Highlights of the acquisition include: Telespree's customer base is comprised entirely of US-based carriers and MVNOs with over 50% of revenue derived from a tier-1 wireless carrier. This complements Evolving Systems' overseas customer base and provides the Company with significant expansion opportunities in North American markets. Telespree's cloud-based service activation and mobile broadband enablement solutions are ideal extensions to Evolving Systems' Dynamic SIM Allocation solution. Telespree's deep experience with SaaS solutions, which account for 100% of its revenue, will provide Evolving Systems with immediate benefits as the Company prepares to introduce a SaaS version of its DSA solution. Telespree will also augment Evolving Systems' expertise in the areas of Android and iOS mobile app development and turnkey platform development. Through Telespree's Dataspree Control Solutions, Evolving Systems will accelerate and expand its solutions for the connected device and M2M markets. Telespree holds 11 US patents -- seven of which have relevance to SIM cards and Evolving Systems' DSA solution -- which further strengthens the Company's growing IP portfolio. Evolving Systems recently was granted its fourth US patent on elements of its DSA solution.