Mavenir

Last updated

Mavenir Systems, Inc.
Company type Private
Industry Telecommunications software
Predecessors
Founded2017;7 years ago (2017)
(main predecessor companies 1997, 2005, and 2007)
Foundermerger led by Siris Capital Group, LLC
Headquarters Richardson, Texas, U.S.
Key people
Pardeep Kohli (president and CEO)
Products
  • Mobile Core software – including voice & video; multimedia messaging & RCS; IMS and connectivity control; Packet Core
  • Mobile Access & Edge software – including OpenRAN vRAN; Multi-access Edge Computing (MEC); Private networks
  • Mobile Service software – including monetization; unified communications and collaboration; digital engagement; analytics; Multi-ID; Enhanced security
Revenue~$750 million (2022)
Number of employees
~5500 FTE (2022)
Website mavenir.com

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.

Contents

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]

History

Predecessor companies

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]

The New Mavenir

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]

Company timeline

CEO

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 ]

Deployments

Customers

The company says it has 250+ operator customers in 120 countries, including 17 of the top 20 largest operators. Known examples include:

Trials

Mavenir has been involved in OpenRAN and other virtualisation trials with several operators. Partnerships in the public domain include:

Technology partnerships

Related Research Articles

<span class="mw-page-title-main">Deutsche Telekom</span> German telecommunications company

Deutsche Telekom AG is a German telecommunications company headquartered in Bonn and is the largest telecommunications provider in Europe by revenue. It was formed in 1995 when Deutsche Bundespost, a state monopoly at the time, was privatized. Since then, Deutsche Telekom has consistently featured among FortuneMagazine's top Global 500 companies by revenue, with its ranking as of 2023 at number 79. In 2023, the company was ranked 41st in the Forbes Global 2000. The company operates several subsidiaries worldwide, including the mobile communications brand T-Mobile. It is the world's fifth-largest telecommunications company by revenue.

Mitel Networks Corporation is a Canadian telecommunications company. The company previously produced TDM PBX systems and applications, but after a change in ownership in 2001, now focuses almost entirely on Voice-over-IP (VoIP), unified communications, collaboration and contact center products. Mitel is headquartered in Ottawa, Ontario, Canada, with offices, partners and resellers worldwide.

<span class="mw-page-title-main">Swisscom</span> Swiss telecommunication company

Swisscom AG is a major telecommunications provider in Switzerland. Its headquarters are located in Worblaufen near Bern. The Swiss government owns 51% of Swisscom. According to its own published data, Swisscom holds a market share of 56% for mobile, 50% for broadband and 37% for TV telecommunication in Switzerland. Its Italian subsidiary, FASTWEB, is attributed 16% of private clients and 29% of the corporate clients share of Italian broadband and is also active in the mobile market.

<span class="mw-page-title-main">Comverse Technology</span> American-Israeli technology company (1982–2013)

Comverse Technology, Inc. was a technology company located in Woodbury, New York in the United States, that developed and marketed telecommunications software. The company focused on providing value-added services to telecommunication service providers, in particular to mobile network operators. Comverse Technology had several wholly or partly owned subsidiaries. The name "Comverse" is a fusion of the words "communication" and "versatility".

<span class="mw-page-title-main">Allot Ltd.</span>

Allot Ltd., formerly Allot Communications, is an Israeli high-tech company that develops telecommunications software. The company is headquartered in Hod Hasharon, Israel.

Digi Communications N.V., also known as DIGI Group, is a Romanian telecommunications holding company, which also has businesses in Spain, Italy, Portugal and Belgium. The firm has current statutory seat in the Netherlands and headquarters of effective management in Romania. Digi was founded by Zoltán Teszári, who is the majority shareholder, and has been listed on the Bucharest Stock Exchange since May 16, 2017.

<span class="mw-page-title-main">Vodafone Germany</span> German telecommunications provider

Vodafone GmbH is a telecommunications operator in Germany owned by Vodafone Group Plc and headquartered in Düsseldorf. It provides mobile phone, LTE, 5G, cable internet, landlines, cable TV, and IPTV services. As of the third quarter of 2021, Vodafone GmbH has more than 31 million mobile customers in Germany, making it the third-largest provider of mobile phone services in Germany. The company's headquarters are in the suburb of Heerdt in Düsseldorf, with regional offices throughout Germany. Vodafone Germany's main competitors are 1&1 Mobilfunk, Telekom Deutschland and Telefónica Germany.

Rich Communication Services (RCS) is a communication protocol standard for instant messaging, primarily for mobile phones, developed and defined by the GSM Association (GSMA). It aims to be a replacement of SMS and MMS on cellular networks with a communication system that is richer and modern. As for MMS, mobile data must be activated. Development of RCS began in 2007 but early versions lacked features and interoperability; a new specification named Universal Profile was developed and has been continually rolled out since 2017.

Gibtelecom is the largest telecommunications provider in the British overseas territory of Gibraltar. Its headquarters is located on John Mackintosh Square.

<span class="mw-page-title-main">Telefónica Germany</span> German telecommunications company

Telefónica Germany GmbH & Co. OHG (German pronunciation:[teləˌfɔnɪkaːˈdʒœːɐ̯məniː]; also called Telefónica Deutschland ) is a provider of broadband, landline and mobile telecommunications in Germany. The company trades as O2 (typeset as O2).

<span class="mw-page-title-main">1&1 AG</span> German telecommunication service

1&1 AG is a German telecommunications service and landline and mobile telecommunications provider headquartered in Montabaur, Rhineland-Palatinate and listed on the TecDAX. Since 2017, the majority of the company has belonged to United Internet.

ip.access

ip.access Limited is a multinational corporation that designs, manufactures, and markets small cells technologies and infrastructure equipment for GSM, GPRS, EDGE, 3G, 4G and 5G. The company was acquired by Mavenir in September 2020.

<span class="mw-page-title-main">Mavenir Systems</span>

Mavenir Systems was a software-based telecommunications networking provider based in Richardson, Texas that existed from 2005 to 2015. The company's software was aimed to deliver internet protocol (IP)-based voice, video, rich communications and enhanced messaging services to clients. Mavenir Systems provided service to approximately 120 mobile networks globally.

Multi-access edge computing (MEC), formerly mobile edge computing, is an ETSI-defined network architecture concept that enables cloud computing capabilities and an IT service environment at the edge of the cellular network and, more in general at the edge of any network. The basic idea behind MEC is that by running applications and performing related processing tasks closer to the cellular customer, network congestion is reduced and applications perform better. MEC technology is designed to be implemented at the cellular base stations or other edge nodes, and enables flexible and rapid deployment of new applications and services for customers. Combining elements of information technology and telecommunications networking, MEC also allows cellular operators to open their radio access network (RAN) to authorized third parties, such as application developers and content providers.

<span class="mw-page-title-main">Sinch AB</span> Telecommunications and cloud communications platform as a service (PaaS) company

Sinch AB, formerly CLX Communications, is a communications platform as a service (CPaaS) company which powers messaging, voice, and email communications between businesses and their customers. Headquartered in Stockholm, Sweden, the company employs over 4000 people in more than 60 countries.

The Telecom Infra Project (TIP) was formed in 2016 as an engineering-focused, collaborative methodology for building and deploying global telecom network infrastructure, with the goal of enabling global access for all.

Xura, Inc. previously known as Comverse, Inc., was a technology company headquartered in Wakefield, Massachusetts, United States, in existence from 2013 to 2017, that offered a portfolio of digital services which enabled global communications across a variety of mobile devices and platforms. Xura marketed and sold to communications service providers (CSPs) and to enterprises.

Altiostar is a company that provides open virtual radio access network (vRAN) technology. The company is headquartered just outside of Boston, Massachusetts, with offices in Japan, Italy, the U.K., Mexico and India. The company is a subsidiary of Rakuten. Founded in 2011 by President and CEO, Ashraf Dahod, Altiostar is focused on open, virtual RAN software that they claim can integrate operation of equipment from multiple vendors.

<span class="mw-page-title-main">Cohere Technologies</span>

Cohere Technologies is a telecoms software company based in San Jose, California that develops technology for boosting the network performance of 4G and 5G spectrum in wireless networks. Cohere holds the patents for the Orthogonal Time Frequency Space (OTFS) 2D modulation technique used to improve the performance of 4G and 5G networks and is being considered as a waveform for the future 6G wireless standard.

References

  1. "Wireless network software firm Mavenir is ready to go public after hauling in $427 million last year". Dallas News. 9 October 2020.
  2. "Company Profile for Comverse Inc". Reuters. Archived from the original on 2 February 2014. Retrieved 30 January 2014.
  3. "Verint to buy Comverse Technology". Reuters . 13 August 2012.
  4. Ron Steinblatt (7 February 2013). "Verint completes separation from Comverse". Globes .
  5. "Xura Announces Agreement to be Acquired by Affiliates of Siris Capital Group for $25.00 per share in an All-Cash Deal Valued at Approximately $643 million". Yahoo Finance. Retrieved 24 May 2016.
  6. "Xura buys Mitel Mobility for $385m". Globes English. Retrieved 20 December 2016.
  7. "Xura to change company name to Mavenir Systems upon completion of Mitel Mobile acquisition" (Press release). GlobeNewswire. 8 February 2017.
  8. "Mavenir buys data rewards platform Aquto". TelecomLead. 4 January 2018.
  9. "Mavenir enhances machine learning security suite acquiring Argyle Data". RCR Wireless News. 6 February 2018.
  10. "Legacy network support at heart of Mavenir acquisition of ip.access". RCR Wireless News. 28 September 2020.
  11. "Mavenir delays IPO that could have valued it at nearly $2 billion". Business Journals.
  12. "Mavenir Raises $13.6 million for Mobile Operator Services". Venture Beat. Retrieved 29 June 2010.
  13. "Mavenir Systems Raises $40 Million in Series E Funding" (Press release). PR Newswire. 30 May 2011.
  14. "Mavenir Systems announces Airwide acquisition". Telecoms.com. Retrieved 31 May 2011.
  15. "Mavenir Systems IPO Is Not Calling at Proposed Range". Seeking Alpha. Retrieved 4 November 2013.
  16. "Mavenir Buys Security Gateways With Stoke Purchase". Rethink Research. Retrieved 20 November 2014.
  17. "Mavenir To Bolster Telecom Diameter Signalling Platform With Ulticom Purchase". RCR Wireless. Retrieved 13 January 2015.
  18. "Canada's Mitel Networks to buy Mavenir Systems for $560 mln". Reuters . Retrieved 2 March 2015.
  19. "Xura Buys Mitel Mobility for $385 million and Ranzure To Double Down on 5G". TechCrunchaccess. Retrieved 19 December 2016.
  20. "LiveOak Invests in Ranzure Networks". LiveOak. Retrieved 11 October 2016.
  21. "Xura Buys Mitel Mobility for $385 million and Ranzure To Double Down on 5G". TechCrunch. Retrieved 4 February 2020.
  22. "Xura Appeals To Nostalgia With Mavenir Rebrand". Telecoms.com. Retrieved 4 February 2020.
  23. "Brocade Packet Core Sold To Mavenir". The Register. Retrieved 3 August 2017.
  24. "Mavenir Acquires Aquto". Telecom Paper. Retrieved 4 January 2018.
  25. "Mavenir Enhances Machine Learning Security Suite Acquiring Argyle Data". RCR Wireless. Retrieved 4 February 2020.
  26. "Mavenir buys ip.access for multi-RAN and private networks boost". The Mobile Network. Retrieved 28 September 2020.
  27. "Mavenir's Pardeep Kohli voted the most powerful person in wireless for 2020". FierceWireless.
  28. "Mavenir Names CEO". Light Reading.
  29. "Mavenir Powers MetroPCS Volte". LightReading. Retrieved 10 August 2012.
  30. "Deutsche Telekom Firm T-HT Deploys Mavenir Systems IMS HSS-FE". Telecom Lead. Retrieved 4 April 2014.
  31. "T-Mobile Adds Video Calling To RCS Line Up". LightReading. Retrieved 4 February 2020.
  32. "Cellcom enlists Mavenir for IMS core". FierceWireless.
  33. "Telefonica Argentina Launches AI/ML Based Signalling Firewall From Mavenir". Telecom TV. Retrieved 2 October 2019.
  34. "Vodafone Initiates First Open RAN trials in UK, Challenging Traditional Vendors". Fierce Wireless. Retrieved 7 October 2019.
  35. "Vodafone Idea and Mavenir Partner to extend network as a platform". Business Standard.
  36. "T-Mobile Czech Republic and Slovak Telekom Both Deploy Mavenir Tech". Omnisperience. Retrieved 4 February 2020.
  37. "O2 Deploys Mavenir's Virtualised IMS Solutions". Omnisperience. 18 February 2020.
  38. "Hudson Valley Wireless Deploys Mavenir's Cloud-Native LTE vEPC". Financial Post.
  39. "Rakuten deploys Mavenir RCS solution for communication app". India Times. 9 April 2020.
  40. "Turkcell selects Mavenir solution to transform its LTE, 5G network". RCR Wireless News. 17 April 2020.
  41. McLymore, Arriana (23 April 2020). "Dish announces deal with software maker Mavenir for its 5G network". Reuters.
  42. "Vodafone Idea Deploys Mavenir OpenRAN Solution". Bloomberg.com. 23 April 2020.
  43. Morris, Anne. "Mavenir flags standalone 5G core trial with Deutsche Telekom". Light Reading.
  44. "Big Switch, Mavenir enter OEM deal for service provider NFV platform". Telecompaper.
  45. "Sunwave, Mavenir enter partnership to expand ecosystem for enterprise OpenRAN". Telecompaper.
  46. "Mavenir signs partnership with Mugler to market 5G equipment in Germany". Telecompaper.com.
  47. "NEC, Mavenir collaborate to deliver 5G Open vRAN platform for Japanese market". Telecompaper.com.
  48. "Mavenir and Goodman Networks Partner to Deliver OpenRAN Solutions and Services". Bloomberg.com. 5 June 2020.
  49. "Mavenir partners GDT to deliver OpenRAN products, services". Telecompaper.com.
  50. "Altiostar joins Mavenir to develop open RAN radios for U.S. carriers". FierceWireless.
  51. "Mavenir: Leading the OpenRAN revolution". BusinessChiefEU.
  52. Morris, Anne. "NTT Data and Mavenir team for 5G campus networks". Light Reading.
  53. "Mavenir puts 5G tech on Nvidia products". Light Reading.
  54. "Mavenir and MTI deliver first Evenstar open RAN radio". FierceWireless.