Xura Changes Company Name to Mavenir | Mavenir

Press Releases

XURA TO CHANGE COMPANY NAME TO MAVENIR SYSTEMS UPON COMPLETION OF MITEL MOBILE ACQUISITION

AUTHORED BY: Mavenir

Mavenir to be Showcased at Mobile World Congress 2017

WAKEFIELD, MA – February 8, 2017: Following the announcement on December 2016 that affiliates of Xura entered into definitive agreements to acquire Mitel Mobility, Inc. (“Mitel Mobile”), a division of Mitel Networks Corporation (“Mitel”, Nasdaq: MITL, TSX: MNW), and Ranzure Networks, Inc. (“Ranzure”), today Xura announces that upon completion of the transactions, the new combined company name will be Mavenir Systems, Inc. (“Mavenir Systems” or “Mavenir”). Affiliates of Xura completed the previously announced acquisition of Ranzure Networks on February 1, 2017. The acquisition of Mitel Mobile by affiliates of Xura remains subject to customary closing conditions and is expected to close in the first quarter of 2017.
Xura’s CEO, Pardeep Kohli, formerly CEO of Mitel Mobile’s predecessor (also named Mavenir Systems) and Co-Founder and CEO of Ranzure Networks, will lead the new company under the reactivated Mavenir name.

Mavenir Systems, which was acquired by Mitel in 2015 and rebranded to Mitel Mobile, established its industry leadership in 4G LTE mobile solutions that helped define the market with a series of industry firsts, including the world’s first live network deployments of Voice over LTE (VoLTE) and RCS5 with MetroPCS (now T-Mobile), and the first mobile network deployment of IMS-based Voice over WiFi (VoWi-Fi) with T-Mobile US.
The new Mavenir, to be formed by the combination of Xura, Mitel Mobile, and Ranzure, will establish a leading player in fully-virtualized, 5G ready software solutions across every layer of the network infrastructure stack, helping Communications Service Providers (CSPs) drive revenues, efficiencies, flexibility and scalability as they adopt the cloud and virtualize their networks. The new solution set will enable customers to drive service innovation, deliver optimization and handle exponential traffic growth from the Internet of Things (IoT) and 5G applications.

Mavenir’s CEO (previously Xura CEO), Pardeep Kohli, commented: “Mavenir’s strong global brand reputation and proven track record of market-leading innovation across its product set made the name a natural choice for us. Mavenir has led multiple industry-first innovations, including the first at-scale deployments of virtualization and Software-Defined Networking to mobile core networks. Moving ahead, we will build on this success, offering evolved, cloud-proven networking solutions, from radio access and packet core to 5G applications and services. We will drive innovation and new experiences for our customers and their end-users. In anticipation of the completion of the acquisition and the Mavenir Systems brand re-launch, Mitel Mobile will attend Mobile World Congress 2017 as Mavenir.”

Related Content

Mavenir is collaborating with NVIDIA to build an AI-on-5G solution that brings together a simplified infrastructure stackable to run 5G RAN, 5G Core, AI, and Graphical Edge computing applications.

Read more >

Massive MIMO, many agree, is one of OpenRAN's big obstacles. So, the news that Xilinx and Mavenir are touting a massive MIMO radio unit compatible with OpenRAN specifications, and that it will be in field trials later this year, is – ahem – a pretty massive deal, the equivalent of discovering your golf club's best player can outdrive Rory McIlroy.

Read more >

Mavenir announce the launch of an AI-on-5G Hyper Converged Edge solution working in close collaboration with NVIDIA.

Read more >

View All

Mavenir announce the launch of an AI-on-5G Hyper Converged Edge solution working in close collaboration with NVIDIA.

Read more >

Mavenir extends AI and Analytics Portfolio to enable closed-loop automation and drive digital transformation critical for 5G AI use cases.

Read more >

Mavenir and Red Hat collaborate to transform mobile network infrastructures towards the new future of containers and 5G.

Read more >

View All

Massive MIMO, many agree, is one of OpenRAN's big obstacles. So, the news that Xilinx and Mavenir are touting a massive MIMO radio unit compatible with OpenRAN specifications, and that it will be in field trials later this year, is – ahem – a pretty massive deal, the equivalent of discovering your golf club's best player can outdrive Rory McIlroy.

Read more >

Mavenir is building two 5G vRAN systems based on the Aerial SDK, and will target the network operator segment for public 5G and for enterprise AI with private 5G.

Read more >

Mavenir's Sanjay Bakaya discusses how the Indian Telecom industry has understood the benefits of 5G and that 5G rollouts are expected to start towards the end of 2021 or early 2022.

Read more >

View All

Mavenir is collaborating with NVIDIA to build an AI-on-5G solution that brings together a simplified infrastructure stackable to run 5G RAN, 5G Core, AI, and Graphical Edge computing applications.

Read more >

For the telecom industry, the global pandemic presents challenges that have turned into opportunities to expand reach and enhance services.

Read more >

Mavenir highlights key findings from Heavy Reading’s Cloud-Native 5G Core Operator Survey.

Read more >

View All

Join Mavenir's John Baker, SVP of Business Development, at CableLabs Envision Vendor Forum 2021: Mobile and Convergence on April 21st, 2021.

Read more >

Open standards, open platforms and open source for cloud native 5G': This talk discusses the benefits and challenges for operators as they migrate towards “open” eco-systems for multi-vendor cloud-native 5G deployments.

Read more >

Join Mavenir's Susie Riley, GM, Monetization Business Unit, for the Transforming Customer Engagement for a New World with Business Messaging Webinar on April 22, 2021.

Read more >

View All

Need More Information?

Building the future of networks with cloud-native software that runs on any cloud and transforms the way the world connects.