Company type | Private |
---|---|
Industry | Telecommunications software |
Predecessors | |
Founded | 2017 (main predecessor companies 1997, 2005, and 2007) |
Founder | merger led by Siris Capital Group, LLC |
Headquarters | Richardson, Texas, U.S. |
Key people | Pardeep Kohli (President and CEO) |
Products |
|
Revenue | ~$750 million (2022) |
Number of employees | ~5500 FTE (2022) |
Website | mavenir |
Mavenir Systems, Inc. is an American telecommunications software company, created in 2017 as a result of a three-way merger of existing companies and technologies, that develops and supplies cloud-native software to the communications service provider (CSP) market.
The company is headquartered in Richardson, Texas, US, and has offices in multiple countries such as India, Pakistan, Indonesia, Romania, Germany, and the UK. Mavenir also has Centres of Excellence around the world, including in Bangalore and Brno, with a global employee headcount of over 5000. The company serves more than 250 Communications Service Providers in over 120 countries. [1]
Mavenir has a complex corporate history as a result of successive acquisitions and spin-offs. The main historical predecessors are:
How it came together:
In mid-2016, Xura was acquired by affiliates of Siris Capital Group in a deal that valued the company at approximately $643 million. [5] On 19 December 2016, affiliates of Xura agreed to acquire Mitel Mobility, for $385 million, and Ranzure Networks Inc., for an undisclosed sum. [6]
When the transactions completed on February 8, 2017, the newly merged company was renamed Mavenir Systems Inc., trading under the Mavenir brand. [7]
Mavenir has continued to acquire technology - including its acquisitions of Aquto, a cloud-based sponsored data platform (2018); [8] Argyle Data (2018), a machine learning security platform; Brocade’s vEPC [9] and ip.access (2020), a specialist small cell vendor. [10]
On 6 October 2020, Mavenir announced that it had filed a registration statement for an initial public offering (IPO) of ordinary shares on Nasdaq. Due to market volatility in the run-up to the 2020 US elections the company postponed the IPO on 28 October but stated that it would keep market conditions under review in the following months. [11]
Mavenir’s President and Chief Executive Officer is Pardeep Kohli who has been associated with several of the ventures that make up the company today. [27] He has been in his current post since December 2016 and was previously CEO of Xura, which he joined after it acquired Ranzure, a company that Kohli had founded earlier that year. Before Ranzure, Kohli had been President and CEO of Mavenir Systems, Inc, [28] guiding it through its IPO in November 2013, and subsequent acquisition by Mitel Networks Corporation in 2015.[ citation needed ]
Prior to Mavenir Systems, Pardeep was Co-Founder, President and CEO of Spatial Wireless, which was acquired by Alcatel in 2004.[ citation needed ]
The company says it has 250+ operator customers in 120 countries, including 17 of the top 20 largest operators. Known examples include:
Mavenir has been involved in OpenRAN and other virtualisation trials with several operators. Partnerships in the public domain include:
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