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Company Profile

Evolving Systems, Inc. (NASDAQ-EVOL) is a global These acquisitions have resulted in a worldwide provider of software and services that enable presence with offices in the United States, United communications companies to support and manage their Kingdom, Germany, India and Malaysia, employing existing networks as well as to migrate easily to next more than 240 people. generation networks. In addition, Evolving Systems has worldwide product Evolving Systems’ mission critical software solutions research and development capability with centers in support more than 150 million wireless subscribers and North America and Europe as well as a growing 150 million access lines worldwide. offshore development capability through its subsidiary in India. The Company’s portfolio includes innovative and comprehensive products for Customers

• Activation Evolving Systems has deployed solutions with • Mediation & Assurance operators in 38 countries worldwide. These solutions support a broad range of • Numbering Solutions. wireless and wireline technologies including: DSL and cable broadband access, SDH and ATM core These products enable operators to improve the efficiency networks, 3G mobile communications and messaging, of delivering new services over existing and new IP voice and video communications, and interactive technologies, helping them to simplify operations, reduce content, including video on demand and games. costs and improve the customer experience. Evolving Systems’ products are designed with the flexibility and Representative customers scalability to suit operators from start-ups to established Tier 1 carriers. Wireless: 3 (Hutchison), Cingular, Inmarsat, T-Mobile Founded in 1985 in the United States, the Company has UK, Vodafone group companies headquarters in Englewood, Colorado. Cable: , , Traditionally known as a leading provider of number Broadband, Time Warner Telecom portability solutions, Evolving Systems has completed three acquisitions since November 2003. These Wireline: BellSouth Communications, SBC, , acquisitions were: , Cybercity, Tele2

• CMS Communications (US), November 2003

• Telecom Software Enterprises (US), October 2004

• Tertio Telecoms (UK), November 2004

As a result, the Company has doubled in size in terms of customers, revenues and employees, broadened its portfolio and is now well-positioned to pursue its goal of accelerated growth and sustained profitability as a global company.

Solutions Consulting and Support

Activation Evolving Systems’ customers receive with high quality consulting, education and support services Evolving Systems’ Tertio™ solution is a modular suite of from our own professional services organization packaged software that provides a scaleable, high and/or our leading system integration partners. performance service activation system. It is designed to help operators activate services quickly, flexibly and cost- effectively across multi-technology domains. Why Choose Evolving Systems? The Tertio Activation Designer and Tertio Service Composer applications provide easy to use graphical tools Commitment to our Customers for configuring services and the processes for activating them. Evolving Systems is committed to its customers’ success, helping them to deliver the level of service Mediation & Assurance needed to compete and be profitable in the next generation marketplace. The Company has a proven Evolving Systems’ Mediation and Assurance portfolio track record of customer satisfaction built on a provides a framework for network and operations reputation for being flexible and customer-oriented. efficiency, improved service quality and accurate billing, with proven support for quadruple play services – voice, Focus data, video and mobile. Evolving Systems focuses on the convergence of Evident™ and Mediation Central™ provide a mediation traditional networks and new technologies. The layer to support both network and service data. product portfolio provides solid support for the traditional voice networks, while making it easy for Netvantage™ provides monitoring and management of operators to migrate to next generation technologies. network performance and service quality. Expertise & Experience Numbering Solutions Evolving Systems customers benefit from 20 years Evolving Systems is a prominent provider of number experience in developing and integrating OSS portability solutions in the US. Its portfolio addresses the solutions with some of the world’s leading challenges of number portability and number management communications operators. globally, helping to drive down operator costs for traditional and next generation networks. Global Company

The portfolio includes OrderPath® ordering gateway and Evolving Systems can support customers around the NumberManager® provisioning system. world through its regional offices or via its global partners. Development centers in the US, Europe The Company’s Numeritrack® product provides an and Asia provide round-the-clock development. integrated Number Management and Inventory solution that delivers operational efficiency and improved customer experiences through more accurate management. www.evolving.com In addition, the Verify™ portfolio provides a full suite of application monitor and test tools.

Evolving Systems, Inc. Evolving Systems Limited Evolving Systems GmbH Evolving Systems Networks Evolving Systems Limited Headquarters India Pvt. Ltd.

One Angel Square Erich-Zeitler-Strasse 12 3rd Floor, HM Geneva House Level 26, Menara IMC 9777 Pyramid Ct., Torrens Street 85737 Ismaning 14, Cunningham Road No. 8, Jalan Sultan Ismail Suite 100 London EC1V 1PL Munich Bangalore - 560 052 50250 Kuala Lumpur Englewood, CO 80112 UK Germany India Malaysia USA T: +44 (0) 20 7843 4000 T: +49 (0) 89 66 55 06 0 T: +91 805 751 8300 T: +603 2039 4705 T: +1 303 802 1000 F: +44 (0) 20 7843 4001 F: +49 (0) 89 66 55 06 99 F: +91 805 751 8307 F: +603 2039 4709 F: +1 303 802 1420

©2005 Evolving Systems, Inc. All rights reserved. Evolving Systems, Tertio, Evident, Mediation Central, NetVantage, OrderPath, NumberManager, NumeriTrack and Verify are registered trademarks or trademarks of Evolving Systems in the US and/or other countries.