Mavenir Systems

Mavenir
	File:Mavenir.jpg
Company type	Formerly Public
Traded as	NYSE: MVNR
Industry	Communication Software
Founded	Richardson, Texas (2005)
Founder	Rashad Ali
Defunct	2015
Fate	Acquired by Mitel (2015)
Successor	Mavenir
Key people	Pardeep Kohli (president and CEO)
Revenue	$108 million
Number of employees	986

Mavenir Systems operated from 2005 until 2015 as a telecommunications software company based in Texas. It specialized in IP-based solutions including voice, video, enriched communications, and advanced messaging services. Serving approximately 120 mobile network operators globally, it established itself as a prominent entity within the telecom software sector.

Origin

Established in 2005 by Rashad Ali, Mavenir Systems concentrated on pioneering communication software innovations. Under the leadership of president and CEO Pardeep Kohli, the company experienced strategic growth that enhanced its market share and revenue until its acquisition by Mitel in 2015.

History

In December 2008, Mavenir Systems obtained $17.5 million in investment capital. This was followed by a $13.5 million funding round in June 2010, backed by Alloy Ventures, Austin Ventures, and North Bridge Venture Partners. By May 2011, the company secured an additional $40 million from existing investors alongside Cross Creek Capital, accumulating total funding of $105 million. The firm achieved first place on the Metroplex Technology Business Council's Fast Tech ranking in 2010 with a growth rate of 479.6%, and placed second in 2011. That year also saw Mavenir acquire Airwide Solutions, a Massachusetts-based company, thereby broadening its offerings in mobile messaging and wireless infrastructure.

In 2012, Mavenir supplied VoLTE services to MetroPCS and formed a partnership with Radisys in 2013 to deploy VoLTE solutions across European and U.S. markets. The company joined the Board of Governors for the wireless industry group 4G Americas in April 2013 and inaugurated a user experience center in Zagreb dedicated to demonstrating VoWi-Fi, VoLTE, and Rich Communication Services (RCS).

Mavenir went public on the New York Stock Exchange in November 2013, issuing shares at $10 each and raising roughly $44.5 million. Early the following year, it delivered an IMS WebRTC gateway to Croatia’s largest telecom operator, T-Hrvatski Telekom, supporting its Terastream initiative aimed at simplifying service delivery. In May 2014, the company introduced mobile voice and messaging client software designed for operators seeking to differentiate their VoLTE, VoWiFi, and RCS solutions.

By mid-2014, development was underway on a VoWiFi application for 3UK to enable calling and texting beyond cellular coverage areas. In July of that year, T-Mobile launched its VoLTE service utilizing Mavenir’s IMS voice platform, marking it as the first major carrier to do so.

Mavenir continued expanding through acquisitions: in November 2014 it acquired Stoke, a provider of mobile security gateways; then in January 2015 it purchased Ulticom Inc., a signaling solutions company, for $20 million—enhancing its telecom diameter signaling capabilities amid increasing LTE network demands.

End

In March 2015, Mitel completed the acquisition of Mavenir Systems for $560 million, finalizing the deal the following month. This event signified the conclusion of the original Mavenir organization.

Subsequently, in 2017, a newly formed entity called Mavenir was established through the combination of the established company Xura, Mitel’s Mavenir Systems division, and the startup Ranzure, resulting in a renewed business strategy and an enlarged market footprint.

External links

Archived official website