Financial Press Release

 View printer-friendly version
<< Back
Cartesian Reports Continued Growth in Network Transformation
Company experiences strong demand across its Network Transformation services in both North America and EMEA markets

OVERLAND PARK, Kan., Jan. 20, 2017 (GLOBE NEWSWIRE) -- Cartesian™ (NASDAQ:CRTN), a leading provider of consulting services and managed solutions to the global telecom, media and technology industries, has reported that demand for its network transformation services has been experiencing consistently strong growth in both North America and Europe, the Middle East, and Africa (EMEA).

Leveraging the company’s 25-year history in the communications industry, Cartesian’s network transformation expertise and experience accelerates the service provider-led transformation initiatives, specifically in the areas of network fiber expansion and upgrades, customer migration, access cost optimization, expansion opportunity identification and next-generation technology adoption such as NFV and SDN.  

Network transformation services has developed into a more central focus for the company, where it has been experiencing strong growth resulting from major M&A and technology shifts in the industry that have challenged the way network operators do business.

“We see new challenges arise every day for network operators, who are spending billions of dollars each year to prevent customer churn and circumvent competitive technologies and providers,” said Peter Woodward, CEO of Cartesian. “At their core, our engagements have helped operators maximize their capital spend and successfully accelerate the transformation of their networks. We believe there is an increasingly large market opportunity in front of us, and have been capitalizing on it in recent years because of our specialized industry and domain knowledge, leading analytics capabilities, and high-touch customer service approach.”

Starting with an overall assessment of the network inventory, the company assists operators in identifying opportunities for network upgrades and expansion, as well as methods to implement these changes in a cost-effective and return-generating basis. The company also uses proprietary data and technology, including network visualization tools, to give operators not only a better insight into their own networks, but also that of their competitors, helping them consider the full spectrum of industry information before executing highly complex and costly network transformation initiatives. 

Woodward added: “Every communications infrastructure has a lifespan, and helping to restructure and migrate aging networks is an integral part of what we do. We are pleased by how successful this rapidly growing area of our business has been, but realize there are countless opportunities for us to pursue in this evolving landscape, especially as regulators and government organizations place greater pressure on these operators to enhance their networks. As a result, we will continue to penetrate those markets where demand is at its highest and where we can optimize our utilization to profitably grow this practice.”

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 strategic advice, management consulting, and managed solutions to clients worldwide. The company has offices in Boston, Kansas City, London, New York, Philadelphia and Washington. For more information, visit www.cartesian.com.

Investor Contact:

Matt Glover or Najim MostamandLiolios Group, Inc.
949-574-3860
CRTN@liolios.com

Primary Logo

Cartesian, Inc.