OVERLAND PARK, Kan., Oct. 29, 2015 (GLOBE NEWSWIRE) -- Cartesian® (NASDAQ:CRTN), a specialist provider of consulting services and managed solutions to the global communications, technology and digital media industries, today announced the successful implementation of their latest managed solution at a tier one multi-system operator (MSO). The Incentive Management System (IMS) is Cartesian's latest managed solution to be deployed at an MSO since the company shifted its focused to deliver more technology-based solutions only 18 months ago.
The tier one operator will use the IMS to track rewards programs aimed at increasing market penetration rates in the Multi-tenant Dwelling Unit (MDU) space. IMS is Cartesian's latest data-driven marketing solution to be developed and follows its other successfully deployed solutions, such as its predictive churn modelling solution under Managed Analytics.
“Our Managed Solutions portfolio continues to expand. We are excited to partner with this operator to advance their program through the use of our industry knowledge, solutions experience, and software platform. Our approach to solution-based offerings drives significant value for our customers while solidifying our firm’s position related to technology plays within the communications sector. We continue to see new and interesting opportunities to assist our existing customers and gain new clients in this area,” said Clint Pruett, Vice President, Managed Solutions – North America at Cartesian.
Built on its cloud-based Ascertain® platform, Cartesian’s IMS solution provides flexible configuration capabilities allowing for single-threaded or multi-faceted rewards programs. Programs can run individually or concurrently and can be updated at any time. To address the broad needs of rewards program management, IMS covers the complete lifecycle: program rules, participant targets and on-boarding, incentive calculations and tracking, and fulfilment processing. In addition to IMS, Cartesian’s Managed Solutions includes Managed Analytics, SmartXchange® and SmartBuildings.
Ascertain is an award winning, proven proprietary software platform that has been deployed at numerous communications providers over its thirteen-year history. Ascertain-enabled solutions are designed to address specific industry challenges and combine best-in-class technology with years of industry experience to solve some of our clients’ most challenging problems.
About Cartesian, Inc.
Cartesian, Inc. (NASDAQ:CRTN) is a specialist provider of consulting services and managed solutions to leaders in the global communications, technology and digital media industries. Cartesian provides consulting in strategy, execution and managed solutions to clients worldwide. The company has offices in Boston, Kansas City, London, New York, Paris, Philadelphia and Washington. For more information, visit www.cartesian.com.
Cautionary Statement Regarding Forward-Looking Information
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, any statements that do not relate to historical or current facts constitute forward-looking statements, including any statements contained herein regarding expectations with respect to Cartesian’s future business, financial condition and results of operations. Forward-looking statements are subject to known and unknown risks, uncertainties, and contingencies, many of which are beyond the Company’s control, which may cause actual results, performance, or achievements to differ materially from those projected or implied in such forward-looking statements. Factors that might affect actual results, performance, or achievements include, among other things, the Company’s ability to successfully implement the contract with Consolidated Communications; conditions in the telecommunications industry, overall economic and business conditions (including the current economic slowdown), the demand for the Company’s services (including the slowing of client decisions on proposals and project opportunities along with scope reduction of existing projects), the level of cash and non-cash expenditures incurred by the Company, technological advances and competitive factors in the markets in which the Company competes, and the factors described in this press release and in Cartesian’s filings with the Securities and Exchange Commission, including the risks described in its periodic reports filed with the SEC, including, but not limited to, “Cautionary Statement Regarding Forward Looking Information” under Part I of its Annual Report on Form 10-K for the fiscal year ended December 28, 2013 and subsequent periodic reports containing updated disclosures of such risks. These filings are available at the SEC’s web site at www.sec.gov. Any forward-looking statements made in this release speak only as of the date of this release. The Company does not intend to update these forward-looking statements and undertakes no duty to any person to provide any such update under any circumstances.
CONTACT Matt Glover Liolios Group, Inc. 949-574-3860 949-574-3860 CRTN@liolios.com