Mavenir Systems ( NYSE:MVNR ) was a software-based telecommunications networking provider based in Richardson, Texas that existed from 2005 to 2015. The company's software was aimed to deliver internet protocol (IP)-based voice, video, rich communications and enhanced messaging services to clients. Mavenir Systems provided service to approximately 120 mobile networks globally. Mavenir Systems was founded in 2005, with Rashad Ali as the founder. Pardeep Kohli served as the company's president and CEO. In December 2008, the company completed a funding round for $17.5 million. Another funding round for $13.5 million backed by Alloy Ventures, Austin Ventures and North Bridge Venture Partners was completed in June 2010. The company raised $40 million in a funding round backed by previous investors and Cross Creek Capital. The funding round brought the company's total funding to $105 million. Mavenir Systems placed first on the Metroplex Technology Business Council's Fast Tech list in 2010 with a 479.6 percent growth. Mavenir Systems placed second on the Fast Tech list the following year. In May 2011, Mavenir Systems acquired Airwide Solutions, a Massachusetts-based mobile messaging and wireless internet infrastructure company. More information...
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