Evolving Systems Completes Acquisition of Lumata

Evolving Systems, Inc. (NASDAQ:EVOL), a leader in real-time analytics, customer acquisition and customer value management solutions and services, today announced it has completed the acquisition of the business operating units of Lumata Holdings Ltd. (Lumata).

Lumata is a leading global provider of next-generation loyalty and customer lifecycle management software and services, helping businesses gain value from their customer data for relevant and contextual insights and actions of value to both customers and enterprises. Its customers include mobile operators like Orange, Telefonica, and other Tier-1 and emerging operators in Europe and around the world.

“Lumata’s value lies in its patented technology, industry expertise and strong customer relationships, in particular those across western Europe,” said Thomas Thekkethala, CEO of Evolving Systems. “Led by the explosive growth in mobile, the next generation of CVM is moving beyond traditional CRM and points based loyalty systems to highly personalized and contextual, real-time, omni-channel consumer engagement in multiple verticals including telecom, finance, and retail.”