Xura, Thursday announced that it has entered into an agreement to acquire Mitel Mobility, a division of Mitel Networks and Ranzure Networks to bolster its 5G product offering.
Xura which was formed by Comverse after it acquired UK-based messaging company Acision in June 2015, is paying $360 million in cash for Mitel Mobility.
The combination diversifies and bolsters each predecessor company`s standalone product portfolio, delivering a comprehensive 5G ready, fully-virtualized solution set across voicemail, VoLTE, VoWiFi, video, RCS, messaging, security, radio access and packet core.
Mitel Mobile, formerly Mavenir Systems, is a leading provider of VoLTE, Voice-over-WiFi (VoWiFi), video, Rich Communication Services (RCS), messaging, radio access and packet core solutions. Ranzure is an early-stage venture focused on developing 5G Cloud Radio Access Network (RAN) technology.
Pardeep Kohli, formerly CEO of Mitel Mobile`s predecessor (Mavenir Systems) and Co-Founder and CEO of Ranzure Networks, has been named to succeed Philippe Tartavull as CEO of Xura, effective immediately. Mitel Mobile President, BG Kumar, will join Kohli`s management team and former CTO of AT&T and former President of AT&T Labs, Krish Prabhu, will join the Board of Directors of the combined company.
Hubert de Pesquidoux, the executive chairman of Xura and future executive chairman of the combined company
Xura has undergone a significant transformation over the past two years, and in the last several months has successfully transitioned to private ownership with the backing and support of Siris Capital, a financial sponsor with deep experience and operational expertise in telecommunications.
Xura CEO Pardeep Kohli
Our new company will offer a fully-virtualized, software-based solution set across every layer of the mobile network infrastructure stack, including radio access, packet core and 5G applications.
