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Evolving Systems (NASDAQ: EVOL), was a publicly listed, real-time digital solutions company. Mr. Thekkethala was named CEO following the acquisition of SixthSenseMedia. He re-structured and streamlined the company’s traditional business to increase gross margins to 80%, EBITDA to 38% and cash flow from operations by 210%. He completed the acquisition, integration, and optimization of UK-based digital marketing companies Business Logic Systems and Lumata product portfolios, accelerating overall revenue growth and profitability. The company grew to over 100 mobile operators and brands in 65 countries, engaging more than two billion consumers, leading to the company’s acquisition by PartnerOne Software.

PartnerOne Completes the Acquisition of Evolving Systems

Sixth Sense Media (SSM) created the industry’s leading real-time Analytics and Mobile Marketing solution for consumer engagement that drove new revenues for mobile operators. Mr. Thekkethala developed the company’s strategy and led its global business development, operations and growth. He led the secondary buyout transaction of Sicap AG’s Loyalty Business Unit and led the company’s acquisition by Evolving Systems (EVOL) in 2015. SSM solutions engaged over 500 million subscribers at 25 mobile carriers worldwide. Customers included British Telecom, Swisscom, Vodafone, VimpelCom, RostelCom & KPN in Europe, Etisalat, Zain, INWI and Ooredoo in the Middle East and Africa and iDEA Cellular, Digi and Maxis in South and Southeast Asia.

Evolving Systems Acquires Sixth Sense Media for Mobile Marketing Leadership

Lumata was a next generation provider of real-time loyalty and customer lifecycle management software and services. Lumata’s innovative solutions created longstanding relationships with leading telecom operators like Orange and Telefonica as well as regional operators in Europe, Africa, the Caribbean, the Middle East and Asia. Mr. Thekkethala led the acquisition of the company from its primary investor Francisco Partners, a leading global private equity firm which specializes in investments in technology and technology-enabled businesses.

Evolving Systems completed the acquisition of Lumata Holdings

Francisco Partners sells Lumata to Evolving Systems

Business Logic Systems (BLS) was a leading provider of data-driven subscriber value management and analytics solutions for communications service providers. BLS’ ability to effectively leverage granular subscriber data created impactful marketing campaigns that delivered measurably greater data revenue, improved loyalty and net promoter scores. Mr. Thekkethala led the acquisition of the company from its primary investor – Sir Peter Michael Investments.

Evolving Systems completed the acquisition of Business Logic Systems

Sicap AG was founded in Switzerland over 20 years ago as a spin-off from Swisscom. Sicap’s portfolio included solutions for mobile SIM and device management and loyalty and mobile marketing. Mr. Thekkethala developed the partnership with Sicap that led to Sense Media Media’s (SSM) acquisition of Sicap’s loyalty and mobile marketing business unit.

Sixth Sense Media (d/b/a RateIntegration Inc.) completed acquisition of SicapAG

IBIRX developed the industry’s most advanced scalable NAS and file serving technology. Customers included AOL, Pixar, Disney, JP Morgan and other F500 enterprises worldwide. Mr. Thekkethala served as a board director from its start-up through the acquisition and was actively involved with strategy, corporate development and recruitment of the leadership team. IBRIX was acquired by HP in 2009

HP To Acquire Storage Software Developer IBRIX

Fidelia developed IT infra-structure and applications management software for global enterprises. Thomas led the company’s investment and global strategy. The company grew from zero to over 100 enterprise customers world-wide. Mr. Thekkethala led the merger with Network General which was acquired by NetScout (NTCT) in 2007.

Network General acquires Fidelia

NetScout buying Network General for $205 million

Allegro Systems was a developer of Virtual Private Network (VPN) acceleration technologies designed to enhance the performance and functionality of secure networking platforms. Cisco acquired Allegro Systems to enhance its existing VPN and security solutions with added performance.

Cisco to Acquire Allegro

CrosStor, based in Massachusetts developed firmware for manufacturers of Network Attached Storage (NAS) products that could be addressed directly on a network like a server. Crosstor developed the software that allowed NAS servers to be better integrated in storage networks.

Storage giant EMC buys software company

CCSS (a division of Consolidated Communications) delivered a comprehensive software as a service (SaaS) to the competitive integrated telecom service providers in the US. Mr. Thekkethala created the product architecture, oversaw the development of the SaaS platform and led business development programs. Customers included MFS, ACC, Cablevision-Lightpath, RCN, NextLink and other competitive local telecom carriers. CCSS and its parent company Consolidated Communications were acquired by McLeodUSA (MCLD) in 1997.

McLeod to Expand Holdings With Phone Carrier Purchase

SRG Inc. developed network operations and management software products to the telecom industry. As founding investor and CEO, Mr. Thekkethala created the architecture and design for the software product and led the company’s global business development. Customers included CNI, Worldcomm, LCI-Qwest, Brooks Fiber, US Signal, ThriftyCall and other competitive telecom carriers. SRG was acquired by Consolidated Communications (CNSL) in 1994

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