On March 2, 2015 Mitel announced that they have acquired Mavenir, a leading provider of software-based networking solutions for mobile carriers. By acquiring Mavenir, Mitel said it expects to expand its total addressable market by $14 billion by 2018, and be well positioned to capitalize on increasing demand for wireless 4G LTE services. The deal extends Mitel’s service provider and mobile operator footprint to over 130 service providers and mobile operators, including 15 of the top 20 mobile carriers worldwide, covering 2 billion subscribers.

About Mavenir

Mavenir Systems (NYSE: MVNR) provides software-based mobile networking solutions that enable service providers to deliver next generation services over 4G LTE networks. Mavenir™ has a fully virtualized end to end portfolio of Voice/Video, Messaging and Mobile Core products that include IP Multimedia Subsystem (IMS), Evolved Packet Core (EPC) and Session Border Controller (SBC). Mavenir’s solutions, based on the award-winning mOne® software platform, leverage NFV and SDN technologies for mobile network deployments on cloud-based infrastructure.

About Mitel

Powering more than 2 billion connections every day, Mitel (NASDAQ: MITL; TSX: MNW) helps businesses connect, collaborate and take care of their customers. That includes more than 33 million cloud connections daily, making Mitel the world’s fastest growing provider of cloud communications. Our business communications experts serve more than 60 million users with over 2500 channel partners in more than 100 countries.

Content Source

You can find more information about Mitel’s acquisition of Mavenir on their blog.

Read the Full Story