Xura to change company name to Mavenir Systems upon completion of Mitel Mobile acquisition
2017年2月8日 - 4:14PM
Mavenir brand to
be showcased at Mobile World Congress 2017
WAKEFIELD, Mass., Feb. 08, 2017
(GLOBE NEWSWIRE) -- Following the announcement in 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 Internet of Things
("IoT") and 5G applications.
Xura's 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."
About
Xura
Xura, Inc. offers a portfolio of
digital services solutions that enable global communications across
a variety of mobile devices and platforms. We help communication
service providers (CSPs) and enterprises navigate and monetise the
digital ecosystem to create innovative, new experiences through our
cloud-based offerings. Our solutions touch more than three billion
people through 350+ service providers and enterprises in 140+
countries. You can find us at www.xura.com.
About
Ranzure Networks
Founded by industry veterans with
extensive experience in virtualized LTE core networks and Radio
Access technologies - Ranzure is focused on paving the way for
seamless superfast 5G networks. Ranzure Networks has licensed Mitel
Mobile technology in the area of Evolved Packet Core to support
service providers as they build 5G networks for the Internet of
Things. Ranzure is based in Richardson, Texas, with additional
development centers in Ottawa, Canada and Bengaluru, India.
Visit www.ranzure.com for more information.
About Siris
Capital
Siris Capital is a leading private
equity firm focused on making control investments in data,
telecommunications, technology and technology-enabled business
service companies. Integral to Siris' investment approach is its
partnership with exceptional senior operating executives, or
Executive Partners, who work with Siris to identify, validate and
operate investment opportunities. Their significant involvement
allows Siris to partner with management to add value both
operationally and strategically. To learn more, visit us
at www.siriscapital.com.
Xura Media Contact:
Maria Hudson
SVP, Head of Corporate Marketing
maria.hudson@xura.com
M: +44 (0) 7894604040
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Xura, Inc. via Globenewswire
Xura, Inc. (NASDAQ:MESG)
過去 株価チャート
から 8 2024 まで 9 2024
Xura, Inc. (NASDAQ:MESG)
過去 株価チャート
から 9 2023 まで 9 2024