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Affiliates of Xura to acquire Mitel Mobile and Ranzure Networks

Affiliates of Xura, a provider of digital communications services, are to acquire Mitel Mobility, a division of Mitel Networks and Ranzure Networks.

Mitel Mobile, formerly Mavenir Systems, is a provider of Voice-over-Long-Term Evolution (VoLTE), Voice-over-WiFi (VoWiFi), video, Rich Communication Services (RCS), messaging, radio access and packet core solutions.
 
Ranzure, founded by former Mavenir Systems CEO Pardeep Kohli, is an early-stage venture focused on developing 5G Cloud Radio Access Network (RAN) technology.
 
The Xura board of directors has appointed Pardeep Kohli, formerly CEO of Mitel Mobile’s predecessor Mavenir Systems and co-founder and CEO of Ranzure Networks, to succeed Philippe Tartavull as CEO of Xura.
 
Upon completion of the transactions, Kohli will serve as the CEO of the combined company. Mitel Mobile president BG Kumar will join Kohli’s management team. Former CTO of AT&T and former president of AT&T Labs, Krish Prabhu, will join the board of directors of the combined company. The combined company will operate from Dallas, Texas.
 
Hubert de Pesquidoux, the executive chairman of Xura and future executive chairman of the combined company, says: “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. I would like to acknowledge Philippe Tartavull for his significant contributions to the company during this transformational period. Today’s announcement marks a new and exciting chapter for Xura, and will accelerate and enhance the combined company’s ability to grow and deliver value to its customers, partners and employees.
 
“This is an exciting day for the three companies’ stakeholders. The combination of Xura’s offerings in voicemail, messaging, monetisation and security solutions with Mitel Mobile’s offerings in next-generation voice, video, RCS, network access and core solutions, alongside Ranzure’s 5G Cloud RAN technology, will offer a comprehensive, best-in-class solution set to the combined company’s global CSP customer base. Mitel Mobile and its heritage Mavenir brand and technology are synonymous with world-class innovation and customer support, and we are delighted to welcome Pardeep Kohli, who is uniquely positioned to lead the combined company.”

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