Private | |
Industry | Telecommunications software |
Founded | 2017 |
Founder | merger led by Siris Capital Group, LLC |
Headquarters | Richardson, Texas, U.S. |
Key people
|
Pardeep Kohli (President and CEO) |
Products |
|
Number of employees
|
2500 (2017) |
Website | mavenir.com |
Mavenir is a technology company headquartered in Richardson, Texas, in the United States, that offers a portfolio of digital services that enable global communications across a variety of mobile devices and platforms. It markets and sells to communications service providers (CSPs) and to enterprises. By their own description they work in the realm of "network transformation for service providers by offering a comprehensive product portfolio across every layer of the network infrastructure stack".
Mavenir has a complicated corporate history. One part of it consists of pieces of Comverse, Inc. (which derived from the well-known Comverse Technology) and Acision; this combination formed an entity called Xura between 2015 and 2017. Another part of it comes from a start-up company called Ranzure. And another part comes from an earlier company called Mavenir Systems, which went into and out of Mitel Networks Corporation before becoming part of, and serving as the revived name for, Mavenir.
As a subsidiary, Comverse, Inc. was incorporated on November 19, 1997, as part of the larger Comverse Technology.
In August 2012, a series of transactions were announced that would end Comverse Technology as a functioning entity, by making Comverse Network Systems an independent company once again known simply as Comverse, allowing Verint Systems (the former Comverse Infosys) to buy back Comverse Technology's majority stake in it, and selling off other subsidiaries. Philippe Tartavull was named as the CEO of the independent Comverse, and continues to be President and CO of Xura, Inc.
These transactions were completed by February 4, 2013, and represented the effective liquidation of the Comverse Technology holding entity and the emergence of Comverse, Inc. as a fully independent company.
Results for fiscal year 2011, which took place as the spin-off of Comverse from Comverse Technology was happening, demonstrated a return to profitability, with a net income of $5.1 million. Its stock symbol was CNSI and it was traded on the NASDAQ exchange.