Mavenir (formerly known as Xura) is a company that provides networking solutions. It enables mobile service providers to deliver IP-based voice, video, and messaging services. The company offers a product portfolio across every layer of the network infrastructure stack. 

TypeSubsidiary
Parent CompanyMitel
HQRichardson, TX, US
Founded2005
Websitemavenir.com
Cybersecurity ratingBMore
Mavenir was founded in 2005 and is headquartered in Richardson, TX, US

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Key People/Management at Mavenir

Pardeep Kohli

Pardeep Kohli

President, Chief Executive Officer, Director
Terry Hungle

Terry Hungle

EVP, Chief Financial Officer
Stefano Cantarelli

Stefano Cantarelli

EVP, Chief Marketing Officer
Vishant Vora

Vishant Vora

President, Global Operations and Managed Services
Ashok Khuntia

Ashok Khuntia

EVP, GM, Packet Computing Business Unit
Mahesh Shah

Mahesh Shah

EVP, MVAS Security Product Development
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Mavenir Office Locations

Mavenir has offices in Richardson, Bellevue, Boston, Mount Laurel and in 32 other locations
Richardson, TX, US (HQ)
1700 International Pkwy #200
Bellevue, WA, US
3535 Factoria Blvd SE
Boston, MA, US
77 Sleeper St One Seaport Square
Mount Laurel, NJ, US
1001 Briggs Rd
Reading, MA, US
55 Walkers Brook Dr
San Jose, CA, US
2890 Zanker Rd
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Mavenir Financials and Metrics

Summary Metrics

Founding Date

2005

Total Funding

$104.4 m

Investors

In total, Mavenir had raised $104.4 m. Mavenir is a subsidiary of Mitel

Mavenir Revenue

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Mavenir's revenue was reported to be $427.44 m in FY, 2019 which is a 8.7% increase from the previous period.
Annual
USDFY, 2018FY, 2019

Revenue

393.1m427.4m

Revenue growth, %

9%

Cost of goods sold

161.6m185.3m

Gross profit

231.5m242.2m
Quarterly
USDQ2, 2019Q2, 2020

Revenue

109.6m129.9m

Cost of goods sold

49.4m56.3m

Gross profit

60.2m73.7m

Gross profit Margin, %

55%57%
Annual
USDFY, 2018FY, 2019

Cash

46.4m78.0m

Accounts Receivable

133.7m124.6m

Prepaid Expenses

20.2m28.5m

Inventories

19.2m14.4m
Quarterly
USDQ2, 2020

Cash

47.0m

Accounts Receivable

127.9m

Prepaid Expenses

27.1m

Inventories

16.8m
Annual
USDFY, 2018FY, 2019

Net Income

(97.2m)(81.0m)

Depreciation and Amortization

74.2m73.0m

Inventories

(12.2m)1.0m

Accounts Payable

(24.9m)8.7m
Quarterly
USDQ2, 2019Q2, 2020

Net Income

(54.2m)(5.6m)

Depreciation and Amortization

37.3m35.6m

Inventories

3.7m(4.3m)

Accounts Payable

49.6m(23.2m)
USDFY, 2019

Revenue/Employee

97.3k

Debt/Equity

1.3 x

Debt/Assets

0.4 x

Financial Leverage

3.4 x
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Mavenir Operating Metrics

Q2, 2020FY, 2020Q2, 2021Sep, 2020

Customers

250

Remaining Performance Obligations

$285.60 m$322.50 m$335.10 m

Twelve-Month Remaining Performance Obligations

$193.50 m

Patents Issued

579
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Mavenir Acquisitions / Subsidiaries

Company NameDateDeal Size
ip.accessSeptember 28, 2020
Argyle DataFebruary 05, 2018
AqutoDecember 28, 2017
StokeNovember 12, 2014
Airwide Solutions IncMay 30, 2011
Acision Iberia S.L.
Acision International B.V. (Philippines)
Airwide Solutions India Private Limited
Aquto Corporation
Argyle Data Europe Limited
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Mavenir Revenue Breakdown

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Mavenir revenue breakdown by business segment: 100.0% from Post-contract support

Mavenir revenue breakdown by geographic segment: 41.4% from Products, 33.3% from Americas, 10.7% from Europe, Middle East and Africa and 14.7% from Asia-Pacific

Mavenir Cybersecurity Score

Cybersecurity ratingPremium dataset

B

80/100

SecurityScorecard logo

Mavenir Online and Social Media Presence

Embed Graph

Mavenir Company Culture

  • Overall Culture

    B

    74/100

  • CEO Rating

    A+

    100/100

  • Compensation

    D

    55/100

Learn more on Comparably

Mavenir News and Updates

Mavenir and Airtel Demonstrate O-RAN RIC (RAN Intelligent Controller) at Global O-RAN ALLIANCE Plugfest Hosted by Airtel in India

NEW DELHI, INDIA — November 26, 2020: Bharti Airtel (“Airtel”), India’s largest integrated telco, together with Mavenir, demonstrated O-RAN Intelligent Controller (RIC), at the recent Global O-RAN ALLIANCE Plugfest it hosted.read more

Mavenir Announces Postponement of Plans for Initial Public Offering and Listing

Mavenir announced today, the Company has decided to postpone its initial public offering, which was announced on October 6, 2020, amid market volatility. The Company will reassess the market conditions in the coming months and will keep the market informed. A registration statement relating to t…

Mavenir sets terms for its IPO, expects to raise up to $327 million

Mavenir PLC has set terms for its initial public offering, as the Texas-based mobile networking company looks to raise up to $327.3 million. The company is offering 13.64 million shares in the IPO, which is expected to price between $20 and $24 a share. With 15.52 million Class A shares and 62.81 m…

Mobile network software provider Mavenir files for a $100 million IPO

Mavenir, which provides cloud-native software applications for mobile networks, filed on Tuesday with the SEC to raise up to $100 million in an initial public offering

Mavenir Acquires ip.access to Expand OpenRAN Radio Portfolio for CSPs and Enterprise Private Networks

Cambridge, UK and Richardson, TX USA – September 28,  2020  – Mavenir , a leading provider of end-to-end cloud-native Network Software Provider for Communications Service Providers (CSPs) announces today that it has acquired ip.access Ltd , a leading 2G, 3G, 4G and 5G-ready small cell solutions prov…

Mavenir Delivers Industry Leading 5G Core User Plane Function (UPF) with NVIDIA Mellanox SmartNIC Acceleration

Mavenir today announced a high performance 5G Core User Plane Function (UPF) accelerated by NVIDIA Mellanox ConnectX-6 Dx SmartNICs. The UPF plays a key role in the 5G network to realize the transformative vision of low latency and high throughput
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Mavenir Blogs

Telecom Rising to the Occasion

In the post Covid-19 world, establishing a virtual presence and dependency on connectivity has increased. Telecom networks must be highly available and quickly scalable. The post Telecom Rising to the Occasion appeared first on Mavenir.

Finding the Most Cost-Efficient Way to Deploy OpenRAN in your Network

When you explore how to deploy Open RAN, one of the first things you want to find out is whether and how you can reduce your RAN costs. To find the most cost-efficient way to deploy Open RAN in your network, you need to assess multiple factors. A crucial factor is the tradeoff between transport and …

Innovation Drives Nontraditional Private Network Deployments

With the acquisition of ip.access, Mavenir broadened its portfolio to offer small cell solutions to enable radio access technologies spanning 2G, 3G, 4G, and 5G. The end-to-end portfolio... The post Innovation Drives Nontraditional Private Network Deployments appeared first on Mavenir.

Opportunities in the C-Band Abound

The C-band auction in the United States is drawing lots of attention, and proceeds. As anticipation rises for the outcome of the auction, Aniruddho Basu explores opportunities that lie in the C-band spectrum. The post Opportunities in the C-Band Abound appeared first on Mavenir.

5G Plans Driving Momentum for OpenRAN

Growth In OpenRAN System As operators world-wide build their strategy and deployment plans for 5G, they are also using the opportunity to include the move to OpenRAN.  We... The post 5G Plans Driving Momentum for OpenRAN appeared first on Mavenir.

Maintain UPF Performance While Lowering Costs

5G networks are transforming the way data is processed, offering enhanced speed, volume, and services. While cost-effectiveness is critical, the offloading of functionality cannot come with the loss... The post Maintain UPF Performance While Lowering Costs appeared first on Mavenir.
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Mavenir Frequently Asked Questions

  • When was Mavenir founded?

    Mavenir was founded in 2005.

  • Who are Mavenir key executives?

    Mavenir's key executives are Pardeep Kohli, Terry Hungle and Stefano Cantarelli.

  • How many employees does Mavenir have?

    Mavenir has 4,677 employees.

  • What is Mavenir revenue?

    Latest Mavenir annual revenue is $427.4 m.

  • What is Mavenir revenue per employee?

    Latest Mavenir revenue per employee is $91.4 k.

  • Who are Mavenir competitors?

    Competitors of Mavenir include Metaswitch Networks, NFON and Carnegie Technologies.

  • Where is Mavenir headquarters?

    Mavenir headquarters is located at 1700 International Pkwy #200, Richardson.

  • Where are Mavenir offices?

    Mavenir has offices in Richardson, Bellevue, Boston, Mount Laurel and in 32 other locations.

  • How many offices does Mavenir have?

    Mavenir has 37 offices.