Colorado software company makes another European purchase

DENVER BUSINESS JOURNAL - Evolving Systems Inc. said it's purchased another British software firm; its second such purchase in the last four months.

The Douglas County-based software provider (Nasdaq: EVOL), which purchased UK-based Business Logic Systems Limited for $1.67 million in May, said it's buying Lumata Holdings Ltd. of Great Britain for $4.7 million.

“Lumata is a leading global provider of real-time, next generation loyalty and customer lifecycle management software and services," Evolving Systems said.

Lumata is "an ideal complement to our growing array of next-generation customer value management offerings," said CEO Thomas Thekkethala in a statement.

Read more at the Denver Business Journal: http://bit.ly/2icsd92

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