Agency / Source: Acision | Xura, Inc.

Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Affiliates of Siris Capital Complete Combination of Mitel Mobile with Xura and Ranzure Networks to Create the New Mavenir Systems - Mavenir Positioned to Lead Innovation in 5G Ready Network Solutions [Nasdaq: MITL] [TSX: MNW] - SirisCapital.com / Mavenir.com
Affiliates of Siris Capital Complete Combination of Mitel Mobile with Xura and Ranzure Networks to Create the New Mavenir Systems

 

PRZOOM - /newswire/ - Richardson, TX, United States, 2017/02/28 - Mavenir Positioned to Lead Innovation in 5G Ready Network Solutions [Nasdaq: MITL] [TSX: MNW] - SirisCapital.com / Mavenir.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Telecom / Wireless / VoIP / IPTV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

• Mitel Mobile, Xura and Ranzure Networks have combined to form the "new" Mavenir;
• Xura’s CEO, Pardeep Kohli, formerly CEO of Mitel Mobile’s predecessor (also named Mavenir Systems) will lead the new Mavenir;
• The transaction underscores Mavenir’s commitment to providing best-in-class, cloud-proven 5G and IoT ready network solutions to Communications Service Providers ("CSPs"), helping them drive service differentiation and industry innovation.

Today affiliates of Siris Capital Group, LLC ("Siris Capital" or "Siris") and Xura, Inc. ("Xura") announced the completion of the acquisition of Mitel Mobility, Inc. ("Mitel Mobile"), a division of Mitel Networks Corporation. This announcement follows the completion of Xura’s acquisition of Ranzure Networks, Inc. ("Ranzure") on February 1, 2017, and the previously announced divestiture of Xura’s non-core enterprise messaging business (Xura Secure Communications, GmbH) on February 17, 2017. The transactions position the new Mavenir as a 100% carrier-focused solutions provider with a "future proof" and 5G ready software-based portfolio across every layer of the mobile network infrastructure stack. Mavenir will be headquartered in Richardson, Texas and led by Xura’s CEO, Pardeep Kohli.

Pardeep Kohli, President and CEO of Mavenir, commented:

"The completion of these transactions to form the new Mavenir represents a significant milestone in the evolution of Xura, Mitel Mobile, and Ranzure. These transactions bring together three complementary companies to establish a new industry leader that is singularly focused on accelerating and redefining network transformation for service providers. We are delighted to move forward as one company with a strong and shared commitment to customer enablement and success."

The New Mavenir Systems, Inc.
The new Mavenir positions itself as an industry leader in cloud-proven, NFV, SDN, and 5G ready software-based solutions across every layer of the network infrastructure stack, helping CSPs drive revenues and operating efficiencies by enabling increased network optimization, flexibility and scalability. Mavenir offers a comprehensive, fully-virtualized solution set across Voice-over-LTE ("VoLTE"), Voice-over-WiFi ("VoWiFi"), video, voicemail, advanced messaging, security, radio access network, and packet core. With its broad and complementary solutions offering, Mavenir will enable customers to focus on service innovation and monetization, while delivering the optimization to handle the next wave of exponential traffic growth from 5G and Internet of Things ("IoT") applications and services.

Hubert de Pesquidoux, the executive chairman of Mavenir and executive partner at Siris Capital, commented:

"Today is the first of many exciting days for our newly established company. In the coming weeks and months, we look forward to integrating the businesses and moving forward as a single team dedicated to delivering on the promise of our technology and innovation. With a fully-virtualized, cloud-proven and 5G ready product portfolio, an accomplished leadership team, a deep technical bench, a cadre of over 2,000 dedicated employees worldwide, and the firm support of Siris Capital, the new Mavenir is well-positioned to bring the next wave of mobile network solutions to market and help transform the digital communications industry."

Concluding, Pardeep Kohli said:

"Both Xura and Mitel Mobile have enduring track records of market-leading innovation and customer commitment, providing a solid foundation to realize Mavenir’s mission of partnering with its customers to deliver tomorrow’s vision today. I am honored and excited to lead the new Mavenir, and I look forward to working collaboratively with our customers as they transform their networks and bring differentiated services and solutions to market."

About Mavenir Systems, Inc. | Mavenir
As a trusted partner, Mavenir (mavenir.com) accelerates and redefines network transformation for service providers. By offering a comprehensive product portfolio across every layer of the network infrastructure stack from 5G application/service layer to the RAN and packet core Mavenir leads the way in evolved, cloud-proven networking solutions enabling innovative and secure new experiences for end users. Through its industry first VoLTE, VoWiFi, Advanced Messaging and Cloud RAN solutions, Mavenir’s platform enables service providers to successfully deliver tomorrow’s vision today and realize new revenue streams and operating efficiencies.

About Siris Capital Group, LLC | Siris Capital

Siris Capital (siriscapital.com) is a leading private equity firm focused on making control investments in data, telecommunications, technology and technology-enabled business service companies. Integral to Siris' investment approach is its partnership with exceptional senior operating executives, or Executive Partners, who work with Siris to identify, validate and operate investment opportunities. Their significant involvement allows Siris to partner with management to add value both operationally and strategically.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Telecom / Wireless / VoIP / IPTV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: Acision | Xura, Inc.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Telecom / Wireless / VoIP / IPTV articles,
CATCH Visitors via Your Competitors Announcements!


Affiliates of Siris Capital Complete Combination of Mitel Mobile with Xura and Ranzure Networks to Create the New Mavenir Systems

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
Mavenir Systems | Siris Capital Group, LLC
Contact: Press Office - Xura.com 
corporate.marketing[.]xura.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Acision | Xura, Inc. securities in any jurisdiction including any other companies listed or named in this release.

Telecom / Wireless / VoIP / IPTV via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Press Releases From Acision | Xura, Inc. / Company Profile


Read Telecom / Wireless / VoIP / IPTV Most Recent Related Press Releases:

Qualcomm Becomes Official Global Partner of Manchester United
Jio Platforms Partners with Subex HyperSense AI to Augment its 5G Product Line
Grandstream Releases a New Ruggedized Portable Wi-Fi IP Phone
Ribbon, Poly and TD SYNNEX Launch Microsoft Teams Enablement Bundle to Simplify and Protect Connections for Hybrid and Other Work Environments
Qualcomm Technologies and Mahindra Collaborate to Provide Immersive In-Vehicle Experiences in the All-New Scorpio-N
Qualcomm Launches Snapdragon W5+ and W5 Platforms for Next Generation Wearables
Motorola Solutions Expands Real-Time Awareness for the Command Center
Ericsson, Qualcomm and Thales to Take 5G into Space
Ribbon Wins TIA QuEST Forum Sustainability Award for Excellence in Network Equipment Sustainability
Qualcomm’s New Wi-Fi 7 Front-End Modules Further Expand its RF Front-End Business Beyond Smartphones

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
.



PREMIUM Members


Visit  Limelon Advertising, Co.

Heavenly Culture World Peace Restoration

Visit  RightITnow, Inc.







 
  ©2022 PRZOOM - Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today