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Siris Capital Takes Xura Private with $643 million Deal

Siris Capital Takes Xura Private with $643 million Deal Image Credit: Xura

Siris Capital has completed the acquisition of Xura, formerly Comverse, a provider of digital communications services, in a transaction valued at approximately USD643 million. The transaction which was initially announced on May 23, 2016, was approved by the majority of Xura’s shareholders.

Xura was created after Comverse's acquisition of the Messaging Platform Provider Acision last year as part of its strategy to strengthen its digital services offering.

Siris’ investment underpins Xura’s mission to revolutionize the way the world communicates, accelerating its development of leading digital communications solutions for CSPs that will transform future engagement experiences across all networks, channels and devices.

Siris Capital said that it is committed to continue building a company positioned for longevity and growth, which is focused on customers, product development and fostering technology innovation across messaging, data, network security and virtualization services.

Hubert de Pesquidoux, Siris Capital executive partner and Xura’s new executive chairman
With its broad product portfolio and industry-renowned technology, which has underpinned mobile messaging for many years, Xura is well-positioned to continue to bring value to the 300+ customers it supports and the broader digital ecosystem.

Philippe Tartavull, CEO at Xura
By partnering with Siris Capital and its experienced leadership team, we will now be able to accelerate our strategy to bring best-in-class messaging, voicemail, security, and monetization solutions to our customers. 

Author

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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