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News Breaks
December 7, 2012
08:46 EDTEVOLEvolving Systems announces special dividend of 15c per share
The dividend is payable on December 26 to stockholders of record as of the close of business on December 20.
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October 1, 2015
06:58 EDTEVOLEvolving Systems to host conference call
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September 30, 2015
16:13 EDTEVOLEvolving Systems acquires Sixth Sense Media for $10M
Evolving Systems has acquired for cash privately held Sixth Sense Media, a provider of real-time analytics and marketing solutions to global wireless carriers. RateIntegration, Inc., d/b/a/ Sixth Sense Media, based in Durham, North Carolina, is a software technology company, serving more than 15 carriers around the world. Sixth Sense Media's sales are expected to add approximately 20% to Evolving Systems' 2016 revenue. Evolving Systems will pay $10.0M for Sixth Sense Media in two payments - approximately $9.75M in cash at closing, plus customary working capital adjustments, and a second cash payment of $250K on the one-year anniversary of the closing of the transaction. The transaction is being financed with the company's $10.0M revolving line of credit with East West Bank. The combined company will have more than 75 customers in 50 countries.

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