Koch Strategic Platforms (KSP), a subsidiary of Koch Investments Group, announced that it has signed an agreement for a strategic minority equity investment in Mavenir.
Affiliates of Siris Capital Group (Siris), a leading technology focused private equity firm, will remain majority equity holders. Mavenir is a U.S. based provider of end-to-end, cloud-native software to meet the growing demand for 5G digital transformation by CSPs and enterprises.
KSP, which focuses on growth equity through four thematic sectors - computing and connectivity, industrial automation, energy transformation, and health care - is a natural partner for Mavenir’s 5G transformational efforts. KSP aims to be a partner beyond capital investment by leveraging the resources and capabilities of Koch Industries to accelerate growth for companies in which it invests, as well as identifying new platforms for Koch.
Pardeep Kohli, President and CEO of Mavenir
We have built a next-generation software platform that has driven, and will continue to drive, the digital transformation of mission-critical networks. Together with KSP and our service provider customers, we expect to bring innovation and 5G to revolutionize industries such as energy, industrial automation, and health care.
Frank Baker, Co-Founder of Siris
Mavenir is uniquely positioned to lead the 5G transformation given its investment in disruptive products, like OpenRAN, and extensive relationship with over 250 CSPs.
