TORONTO, Aug. 2, 2018 /CNW/ - Optiva Inc. (TSX: OPT), an innovative software company that delivers mission-critical monetization and subscriber management solutions to leading communication service providers (CSPs) globally, today announced it has been awarded a multi-year, multi-million dollar managed services and care agreement extension to support a Tier 1 Asia-Pacific CSP's rapidly growing, critical data platform.

"This agreement is a testament of our customer's trust in our capability to deliver and maintain vital services, especially essential during a period of their accelerated growth," said Danielle Royston, CEO of Optiva. "As the market consolidates and changes, they require a partner who will help them to meet the dramatically increasing data demand, ensure system availability and uptime, maintain service quality and launch new business plans extremely quickly — today and into the future."

As one of the world's largest CSPs, stability and scalability are necessary to satisfy the requirements of their growing base of more than 200 million subscribers. The Optiva Charging Engine, managed services and care are pivotal to achieving their strategic business goals to succeed in one of the most competitive markets in the world.

From a 2.5 times increase in internet usage in India and accelerated adoption of 4G/LTE to a rise in mobile broadband and data-rich services, digital transformation is causing the demand for data to skyrocket across the Asia region. Meanwhile, the Tier 1 CSP's subscriber base is expanding exponentially.

"For a telecommunication company of this magnitude, the bar for performance is high, and the bar for Optiva is high to execute managed services and care effectively, 24/7 at all levels. Our team is energized by the ongoing opportunity to support our customer to help drive their success and achieve superior satisfaction and loyalty for their subscribers," said Royston.

About Optiva Inc.:
Optiva Inc. monetizes today's digital world for communications service providers. Our portfolio of subscriber management software enables real-time billing, charging, policy management and user experience functionality that is mission-critical for our customers' growth and innovation. Available on-premise or in the cloud, Optiva™ solutions are designed to deliver the most impact for the best value. Our deep market knowledge and powerful analytical insights coupled with the Customer Success program ensure our customers have what they need to achieve their strategic business goals. Established in 1999, Optiva Inc., can be found on the Toronto Stock Exchange (TSX: OPT). For more information, please go to www.optiva.com. 

SOURCE Optiva Inc.

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