Mr. John Giere reports

MOVIL EXITO SELECTS OPTIVA FOR SAAS-BASED BSS MODERNIZATION ON GOOGLE CLOUD PLATFORM TO ACCELERATE NEW REVENUE GROWTH AND MVNE MONETIZATION

Movil Exito, the first MVNO (mobile virtual network operator) in Colombia to be launched by a retailer, and part of Grupo Exito, has selected Optiva Inc. for cloud modernization of its Optiva BSS (business support system) platform to a software-as-a-service-based model. The upgrade provides the operator with a next-generation full BSS stack that delivers the business and innovation benefits of SaaS in the public cloud. Movil Exito will be enabled to grow and expand into new customer segments, including the high ARPU (average revenue per user) postpaid segment, and introduce new service capabilities such as native VoLTE (voice over LTE) and other emerging new market services.

As a SaaS-based model on Google Cloud platform (GCP), the end-to-end solution provides Movil Exito increased automation and CI/CD (continuous integration/continuous delivery) delivery, enabling easier operations, native redundancy and evergreen software. Autonomous operation of the SaaS platform enables the operator worry-free resiliency and scalability to focus on business needs. As a result, Movil Exito and its customers will enjoy access to new service capabilities and the benefit of faster time to market for new offers.

"The modernization of Movil Exito's BSS is transformational to accelerating our growth. We selected Optiva for its proven BSS and monetization solutions to leverage its expertise, automation and the public cloud. This empowers us to achieve TCO savings and rapidly offer new features and a wide range of services and lines of business, creating a one-stop shop for our customers' needs," said Carlos Bedoya, general manager of Movil Exito.

"Our 11-year partnership with Movil Exito is a testament to our teams' innovation and collaboration -- focused on delivering next-gen market-leading cloud technology and profitable, cost-saving operational strategies for driving its revenue growth and customer loyalty," said John Giere, president and chief executive officer of Optiva.

About Optiva Inc.

Optiva is a leading provider of mission-critical, cloud-native revenue management software for the telecommunications industry. Its products are delivered globally on the private and public cloud. The company's solutions help service providers maximize digital, 5G, Internet of Things and emerging market opportunities to achieve business success. Established in 1999, Optiva is on the Toronto Stock Exchange.