Mitel’s Acquisition of Mavenir
William Aaronson, Advised Mavenir Systems
Craig Wright, Advised Mitel
Mitel, a global leader in business communications, announced the completion of its acquisition of Mavenir Systems, Inc, creating a global leader in converged IP communications for enterprises, service providers and mobile operators.
With the acquisition of Mavenir, Mitelexpects to expand its total addressable market by approximately US$14B by 2018*, and be well positioned to capitalize on increasing demand for 4G LTE services, which is growing at approximately 52% annually.
“With Mavenir part of Mitel’s business and market footprint, we are now able to fully address both the enterprise and mobile markets for IP-based communications,” said Rich McBee, President and Chief Executive Officer of Mitel. “The combination givesMitel a unique opportunity to capitalize on the rapid growth of 4G LTE now, and the convergence of business and mobile IP communications in the future.”
Mavenir CEO, Pardeep Kohli, joins Mitel as President of Mitel’s Mobile Division.
“The move to LTE mobile networks has created a valuable opportunity for service providers to leverage a converged all-IP network to offer feature-rich business and consumer communication services on any device, anywhere, on any access network,” said Pardeep Kohli. “Now, as part of Mitel, our mobile customers will be able to benefit from Mavenir’s industry-leading 4G solutions as well as the global reach, size and scale of Mitel’s operations, and its IP and cloud communications expertise.”