Mavenir

{{Short description|American telecommunications software company}}

{{Infobox company

| name = Mavenir Systems, Inc.

| logo = Mavenir-Logo-Primary-lrg.png

| logo_size = 250

| type = Private

| industry = Telecommunications software

| founder = merger orchestrated by Siris Capital Group, LLC

| key_people = Pardeep Kohli (president and CEO)

| products = {{bulleted list|Mobile Core software – including voice & video; multimedia messaging & RCS; IP Multimedia Subsystem (IMS); 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}}

| num_employees = ~4000 FTE

| num_employees_year = 2024

| revenue = ~$1 billion

| revenue_year = 2024

| predecessors = {{ubl|Comverse, Inc.|Acision|Xura|Mavenir Systems|Airwide Solutions}}

| foundation = {{start date and age|2017}}
(main predecessor companies 1997, 2005, and 2007)

| location = Richardson, Texas, U.S.

| homepage = {{url|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.

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.{{cite web |title=Wireless network software firm Mavenir is ready to go public after hauling in $427 million last year |url=https://www.dallasnews.com/business/technology/2020/10/09/wireless-network-software-firm-mavenir-is-ready-to-go-public-after-hauling-in-427-million-last-year/ |website=Dallas News |language=en |date=9 October 2020}}

History

= Predecessor companies =

Mavenir has a complex corporate history as a result of successive acquisitions and spin-offs. The main historical predecessors are:

Xura, which was composed of pieces of Comverse, Inc.,{{cite web | url=http://in.reuters.com/finance/stocks/companyProfile?symbol=CNSI.O | archive-url=https://web.archive.org/web/20140202095443/http://in.reuters.com/finance/stocks/companyProfile?symbol=CNSI.O | url-status=dead | archive-date=2 February 2014 | title=Company Profile for Comverse Inc | publisher=Reuters | accessdate=30 January 2014}} Acision, and a number of other acquired companies. Comverse, Inc derived from Comverse Technology, was active in traditional value-added services (VAS), digital cloud services, Unified Communications (VoIP & UC), and a suite of evolved communication services. Acision was a privately held secure mobile messaging and engagement services firm.{{cite news | url=https://www.reuters.com/article/us-comversetechnology-offer-verint-idUSBRE87C10F20120813 | title=Verint to buy Comverse Technology | work=Reuters | date=13 August 2012}}{{cite news | url=http://www.globes.co.il/serveen/globes/docview.asp?did=1000820482&fid=1725 | title=Verint completes separation from Comverse | author=Ron Steinblatt | newspaper=Globes | date=7 February 2013}} These entities were combined in 2015 to form Xura, which focused on two core product areas: digital communications services and converged communications (traditional and IP).

An older entity with a similar name, Mavenir Systems, initially a company focused on transition from 3G to 4G with IMS products and solutions, founded in 2006. It acquired Airwide Solutions, Stoke and Ulticom and In 2013, the company went public on NYSE with MVNR ticker symbol. The company was acquired by Mitel Networks Corporation in 2015 to create Mitel Mobility.

Ranzure, a startup focused on developing 5G cloud-based radio access network technology.

How it was merged:

In mid-2016, Xura was acquired by affiliates of Siris Capital Group in a deal that valued the company at approximately $643 million.{{cite web |url=https://finance.yahoo.com/news/xura-announces-agreement-acquired-affiliates-121039115.html|title=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|publisher=Yahoo Finance|access-date=2016-05-24}} On 19 December 2016, affiliates of Xura agreed to acquire Mitel Mobility, for $385 million, and Ranzure Networks Inc., for an undisclosed sum.{{cite web |url=http://www.globes.co.il/en/article-xura-buys-mitel-mobility-for-385m-1001167797 |title=Xura buys Mitel Mobility for $385m |publisher=Globes English |accessdate=20 December 2016}}

=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.{{cite press release | url=https://www.globenewswire.com/news-release/2017/02/08/914940/0/en/Xura-to-change-company-name-to-Mavenir-Systems-upon-completion-of-Mitel-Mobile-acquisition.html | title=Xura to change company name to Mavenir Systems upon completion of Mitel Mobile acquisition | publisher=GlobeNewswire | date=February 8, 2017}}

Mavenir has continued to acquire technology - including its acquisitions of Aquto, a cloud-based sponsored data platform (2018);{{cite web |title=Mavenir buys data rewards platform Aquto |url=https://www.telecomlead.com/telecom-equipment/mavenir-buys-data-rewards-platform-aquto-81463 |website=TelecomLead |date=4 January 2018}} Argyle Data (2018), a machine learning security platform; Brocade’s vEPC,{{cite web |title=Mavenir enhances machine learning security suite acquiring Argyle Data |url=https://www.rcrwireless.com/20180206/network-infrastructure/mavenir-enhances-machine-learning-security-suite-acquiring-argyle-data |website=RCR Wireless News |date=6 February 2018}} and ip.access (2020), a specialist small cell vendor.{{cite web |title=Legacy network support at heart of Mavenir acquisition of ip.access |url=https://www.rcrwireless.com/20200928/open_ran/legacy-network-support-at-heart-of-mavenir-acquisition-of-ip-access |website=RCR Wireless News |date=28 September 2020}}

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.{{cite web |title=Mavenir delays IPO that could have valued it at nearly $2 billion |url=https://www.bizjournals.com/dallas/news/2020/10/29/mavenir-ipo-delay.html |website=Business Journals}}

=Company timeline=

2005: Mavenir Systems founded
2008: Mavenir Systems completes round of funding for $17.5 million
2010: Mavenir Systems completes a round of funding round for $13.5 million backed by Alloy Ventures, Austin Ventures and North Bridge Venture Partners{{ cite web | url=https://venturebeat.com/2010/06/29/mavenir-raises-13-6m-for-mobile-operator-services-4/ | title=Mavenir Raises $13.6 million for Mobile Operator Services | publisher=Venture Beat | accessdate=29 June 2010}}
2011: Mavenir Systems completes round of funding for $40 million backed by August Capital and including existing investors Alloy Ventures, Austin Ventures, North Bridge Venture Partners and Greenspring Associates{{cite press release | url=https://www.prnewswire.com/news-releases/mavenir-systems-raises-40-million-in-series-e-funding-122838274.html | title=Mavenir Systems Raises $40 Million in Series E Funding | publisher=PR Newswire | date=30 May 2011}}
2011: Mavenir Systems acquired Airwide Solutions, a messaging specialist, for $40 million{{cite web | url=https://telecoms.com/28368/mavenir-systems-acquires-airwide-to-strengthen-lte-messaging-offering/ | title=Mavenir Systems announces Airwide acquisition | publisher=Telecoms.com | accessdate=31 May 2011}}
2013: Mavenir Systems IPO (NYSE) under ticker MVNR, raising $44.5 million{{cite web | url=https://seekingalpha.com/article/1803122-mavenir-systems-ipo-is-not-calling-at-proposed-range | title=Mavenir Systems IPO Is Not Calling at Proposed Range | publisher=Seeking Alpha | accessdate=4 November 2013}}
2014: acquired security gateway vendor Stoke for $2.9 million plus $1.9 million of debt{{cite web | url=https://www.rethinkresearch.biz/articles/mavenir-buys-security-gateways-stoke-purchase/

| title=Mavenir Buys Security Gateways With Stoke Purchase | publisher=Rethink Research | accessdate=20 November 2014}}

2015: acquired signalling vendor Ulticom for $20 million{{cite web | url=https://www.rcrwireless.com/20150113/telecom-software/mavenir-to-bolster-telecom-diameter-signaling-platform-with-ulticom-purchase-tag2 | title=Mavenir To Bolster Telecom Diameter Signalling Platform With Ulticom Purchase | publisher=RCR Wireless | accessdate=13 January 2015}}
2015: acquired by Mitel Networks Corporation for $560 million{{cite web | url=https://www.reuters.com/article/mavenir-systems-ma-mitel-networks-idUSL4N0W43ZO20150302 | title=Canada's Mitel Networks to buy Mavenir Systems for $560 mln | website=Reuters | accessdate=2 March 2015}}
2016: rebranded by Mitel to Mitel Mobile, then sold to Xura (for $350 million){{cite web | url=https://techcrunch.com/2016/12/19/xura-buys-mitel-mobility-for-385m-and-ranzure-to-double-down-on-5g/ | title=Xura Buys Mitel Mobility for $385 million and Ranzure To Double Down on 5G | publisher=TechCrunchaccess | accessdate=19 December 2016}}
2016: Pardeep Kohli and Ashok Khuntia founded Ranzure to disrupt the Radio Access Network market through cloud-based virtualisation. Ranzure raises $13 million in Series A funding.{{cite web | url=https://liveoakvp.com/press-releases/liveoak-invests-in-ranzure-networks | title=LiveOak Invests in Ranzure Networks | publisher=LiveOak | accessdate=11 October 2016}}
2016: Xura acquired Ranzure{{cite web| url=https://www.techcrunch.com/2016/12/19/xura-buys-mitel-mobility-for-385m-and-ranzure-to-double-down-on-5g/| title=Xura Buys Mitel Mobility for $385 million and Ranzure To Double Down on 5G | publisher=TechCrunch | accessdate=4 February 2020}}
2017: Siris merges Xura, Ranzure and Mitel Mobile and rebrands as Mavenir{{cite web | url=https://www.telecoms.com/479479/xura-appeals-to-nostalgia-with-mavenir-rebrand/ | title=Xura Appeals To Nostalgia With Mavenir Rebrand | publisher=Telecoms.com | accessdate=4 February 2020}}
2017: Brocade vEPCc acquisition{{cite web | url=https://www.theregister.co.uk/2017/08/03/brocade_packet_core_sold_to_mavenir/ | title=Brocade Packet Core Sold To Mavenir | publisher=The Register | accessdate=3 August 2017}}
2018: acquired Aquto{{cite web | url=https://www.telecompaper.com/news/mavenir-acquires-aquto--1226537 | title=Mavenir Acquires Aquto | publisher=Telecom Paper | accessdate=4 January 2018}}
2018: acquired Argyle Data{{cite web | url=https://www.rcrwireless.com/20180206/mavenir-enhances-machine-learning-security-suite-acquiring-argyle-data-tag27 | title=Mavenir Enhances Machine Learning Security Suite Acquiring Argyle Data | publisher=RCR Wireless | accessdate=4 February 2020}}
2020: acquired ip.access{{cite web | url=https://the-mobile-network.com/2020/09/mavenir-buys-ip-access-for-multi-ran-and-private-networks-boost/ | title=Mavenir buys ip.access for multi-RAN and private networks boost | publisher=The Mobile Network | accessdate=28 September 2020}}
2020: IPO postponed due to market volatility

=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.{{cite web |title=Mavenir's Pardeep Kohli voted the most powerful person in wireless for 2020 |url=https://www.fiercewireless.com/wireless/fiercewireless-2020-most-powerful-people-wireless |website=FierceWireless |language=en}} 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,{{cite web |title=Mavenir Names CEO |url=https://www.lightreading.com/spit-(service-provider-it)/ims/mavenir-names-ceo/d/d-id/634699 |website=Light Reading |language=en}} guiding it through its IPO in November 2013, and subsequent acquisition by Mitel Networks Corporation in 2015.{{cn|date=May 2024}}

Prior to Mavenir Systems, Pardeep was Co-Founder, President and CEO of Spatial Wireless, which was acquired by Alcatel in 2004.{{cn|date=May 2024}}

Deployments

=Customers=

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

2012 – MetroPCS – VoLTE solution to support what was claimed to be a world's first{{cite web | url=https://www.lightreading.com/mobile/ethernet-ip/mavenir-powers-metropcs-volte/d/d-id/697630 | title=Mavenir Powers MetroPCS Volte | publisher=LightReading | accessdate=10 August 2012}}
2014 – T-Hrvatski Telekom – IMS HSS-FE{{cite web | url=https://www.telecomlead.com/telecom-equipment/deutsche-telekom-firm-t-ht-deploys-mavenir-systems-ims-hss-fe-62608-49805 | title=Deutsche Telekom Firm T-HT Deploys Mavenir Systems IMS HSS-FE | publisher=Telecom Lead | accessdate=4 April 2014}}
2015 – T-Mobile USA – Rich Communication Services{{cite web | url=https://www.lightreading.com/mobile/volte-rich-communications/t-mobile-adds-video-calling-to-rcs-line-up/d/d-id/718019 | title=T-Mobile Adds Video Calling To RCS Line Up | publisher=LightReading | accessdate=4 February 2020}}
2017 – Sprint – NFV Cloud Deployment
2018 – Telefonica Germany – Virtualised IMS for VoLTE and VoWiFi
2019 – Verizon – cloud core
2019 – Partner – virtualized mobile core
2019 - Cellcom – virtualised IMS mobile core and VoWiFi{{cite web |title=Cellcom enlists Mavenir for IMS core |url=https://www.fiercewireless.com/wireless/cellcom-enlists-mavenir-for-ims-core |website=FierceWireless |language=en}}
2019 – Telefónica Argentina - Signalling Firewall{{cite web | url=https://www.telecomtv.com/content/security/telef-nica-argentina-launches-ai-ml-based-signalling-firewall-from-mavenir-36495/ | title=Telefonica Argentina Launches AI/ML Based Signalling Firewall From Mavenir | publisher=Telecom TV | accessdate=2 October 2019}}
2019 – Vodafone – Open RAN{{cite web | url=https://www.fiercewireless.com/tech/vodafone-initiates-first-open-ran-trials-uk-challenging-traditional-vendors | title=Vodafone Initiates First Open RAN trials in UK, Challenging Traditional Vendors | publisher=Fierce Wireless | accessdate=7 October 2019}}
2019 – Vodafone Idea – “Network as a Platform”{{cite web |title=Vodafone Idea and Mavenir Partner to extend network as a platform |url=https://www.business-standard.com/article/news-ani/vodafone-idea-and-mavenir-partner-to-extend-network-as-a-platform-119101400277_1.html |publisher=Business Standard}}
2020 – T-Mobile Czech Republic and Slovak Telekom – NFV Harmonised IMS{{ cite web | url=https://omnisperience.com/2020/02/04/t-mobile-czech-republic-and-slovak-telekom-both-deploy-mavenir-tech/ | title=T-Mobile Czech Republic and Slovak Telekom Both Deploy Mavenir Tech | publisher=Omnisperience | accessdate=4 February 2020}}
2020 – Telefonica “O2” UK - virtualised IMS{{cite web | url=https://omnisperience.com/2020/02/18/o2-deploys-mavenirs-virtualised-ims-solution/ | title=O2 Deploys Mavenir's Virtualised IMS Solutions | publisher=Omnisperience | date=18 February 2020}}
2020 – Hudson Valley Wireless – Cloud-native LTE packet core{{cite web |title=Hudson Valley Wireless Deploys Mavenir's Cloud-Native LTE vEPC |url=https://financialpost.com/pmn/press-releases-pmn/business-wire-news-releases-pmn/hudson-valley-wireless-deploys-mavenirs-cloud-native-lte-vepc |website=Financial Post |language=en-CA}}
2020 – Rakuten Mobile RCS{{cite web | url=https://telecom.economictimes.indiatimes.com/news/rakuten-deploys-mavenir-rcs-solution-for-communication-app/75058590 | title=Rakuten deploys Mavenir RCS solution for communication app | work=India Times| date=9 April 2020}}
2020 – Turkcell – Cloud-native IMS{{cite web |title=Turkcell selects Mavenir solution to transform its LTE, 5G network |url=https://www.rcrwireless.com/20200417/5g/turkcell-mavenir-transform-lte-5g |website=RCR Wireless News |date=17 April 2020}}
2020 – Dish - Open RAN{{cite web |last1=McLymore |first1=Arriana |title=Dish announces deal with software maker Mavenir for its 5G network |url=https://www.reuters.com/article/us-telecoms-dish-5g-idUSKCN2252ZE |website=Reuters |language=en |date=23 April 2020}}
2020 – Vodafone Idea – Open RAN{{cite web |title=Vodafone Idea Deploys Mavenir OpenRAN Solution |url=https://www.bloomberg.com/press-releases/2020-04-23/vodafone-idea-deploys-mavenir-openran-solution |website=Bloomberg.com |language=en |date=23 April 2020}}
2020 – Deutsche Telekom, Telefonica, Vodafone – RCS interconnection in Germany{{cite web |last1=Morris |first1=Anne |title=Mavenir flags standalone 5G core trial with Deutsche Telekom |url=https://www.lightreading.com/5g/mavenir-flags-standalone-5g-core-trial-with-deutsche-telekom/d/d-id/762000 |website=Light Reading |language=en}}

=Trials=

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

2018 – Baicells – XRAN (Open RAN) interface testing
2020 – Telefonica “O2” UK - OpenRAN
2020 – Deutsche Telekom – web-scale validation of 5G SA core
2020 – Airtel – Open RAN RAN Intelligent Controller (RIC)

Technology partnerships

2019 – OEM agreement with Big Switch{{cite web |title=Big Switch, Mavenir enter OEM deal for service provider NFV platform |url=https://www.telecompaper.com/news/big-switch-mavenir-enter-oem-deal-for-service-provider-nfv-platform--1295762 |website=Telecompaper |language=en}}
2019 – OpenRAN integration with Sunwave{{cite web |title=Sunwave, Mavenir enter partnership to expand ecosystem for enterprise OpenRAN |url=https://www.telecompaper.com/news/sunwave-mavenir-enter-partnership-to-expand-ecosystem-for-enterprise-openran--1313149 |website=Telecompaper |language=en}}
2020 – 5G private networks in Germany with Mugler{{cite web |title=Mavenir signs partnership with Mugler to market 5G equipment in Germany |url=https://www.telecompaper.com/news/mavenir-signs-partnership-with-mugler-to-market-5g-equipment-in-germany--1326182 |website=Telecompaper.com |language=en}}
2020 – Open RAN solutions in Japan with NEC{{cite web |title=NEC, Mavenir collaborate to deliver 5G Open vRAN platform for Japanese market |url=https://www.telecompaper.com/news/nec-mavenir-collaborate-to-deliver-5g-open-vran-platform-for-japanese-market--1326379 |website=Telecompaper.com |language=en}}
2020 – Open RAN solutions in the USA with Goodman Networks{{cite web |title=Mavenir and Goodman Networks Partner to Deliver OpenRAN Solutions and Services |url=https://www.bloomberg.com/press-releases/2020-06-05/mavenir-and-goodman-networks-partner-to-deliver-openran-solutions-and-services |website=Bloomberg.com |language=en |date=5 June 2020}}
2020 – Open RAN solutions in the USA with GDT{{cite web |title=Mavenir partners GDT to deliver OpenRAN products, services |url=https://www.telecompaper.com/news/mavenir-partners-gdt-to-deliver-openran-products-services--1341536 |website=Telecompaper.com |language=en}}
2020 – Open RAN collaboration with Altiostar{{cite web |title=Altiostar joins Mavenir to develop open RAN radios for U.S. carriers |url=https://www.fiercewireless.com/wireless/altiostar-joins-mavenir-to-develop-open-ran-radios-for-u-s-carriers |website=FierceWireless |language=en}}
2020 – Open RAN collaboration with Comba Telecom in Turkey{{cite web |title=Mavenir: Leading the OpenRAN revolution |url=https://www.businesschief.eu/company/mavenir-leading-openran-revolution |website=BusinessChiefEU|language=en}}
2020 – 5G campus networks systems integration in Germany with NTT Data{{cite web |last1=Morris |first1=Anne |title=NTT Data and Mavenir team for 5G campus networks |url=https://www.lightreading.com/private-networks/ntt-data-and-mavenir-team-for-5g-campus-networks/d/d-id/763202 |website=Light Reading |language=en}}
2020 – 5G core UPF with NVIDIA{{cite web |title=Mavenir puts 5G tech on Nvidia products |url=https://www.lightreading.com/open-ran/mavenir-puts-5g-tech-on-nvidia-products/d/d-id/764131 |website=Light Reading |language=en}}
2020 – RCS Business Messaging with Microsoft Azure
2020 – Open RAN Remote Radio Head development with MTI{{cite web |title=Mavenir and MTI deliver first Evenstar open RAN radio |url=https://www.fiercewireless.com/tech/mavenir-and-mti-deliver-first-evenstar-open-ran-radio |website=FierceWireless |date=14 December 2020 |language=en}}

References

External links

[http://mavenir.com/ Official website]

Category:Software companies established in 2017

Category:Software companies based in Texas

Category:Companies based in Richardson, Texas

Category:Telecommunications companies of Israel

Category:Telecommunications companies of the United States

Category:Software companies of the United States