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 ratingCMore
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 34 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, 2020Jan, 2021

Customers

250250

Remaining Performance Obligations

$285.6 m$322.5 m$335.1 m

Twelve-Month Remaining Performance Obligations

$193.5 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: 77.4% from Products and 22.6% from Post-contract support

Mavenir revenue breakdown by geographic segment: 56.8% from Americas, 18.2% from Europe, Middle East and Africa and 25.1% from Asia-Pacific

Mavenir Cybersecurity Score

Cybersecurity ratingPremium dataset

C

79/100

SecurityScorecard logo

Mavenir Online and Social Media Presence

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Mavenir Company Culture

  • Overall Culture

    B

    76/100

  • CEO Rating

    A+

    100/100

  • Compensation

    B-

    70/100

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Mavenir News and Updates

Mavenir Opens a New Development Centre for Open RAN Radio Software in UK

Swindon, United Kingdom – April 22, 2021 – Mavenir, the Network Software Provider building the future of networks with cloud-native software that runs on any cloud and transforms the way the world connects, announced today the opening of a Development Centre in Swindon, United Kingdom to develop Ope…

Koch Is Said to Invest $500 Million in Software Maker Mavenir

Koch Is Said to Invest $500 Million in Software Maker Mavenir

Mavenir and VIAVI Collaborate to Validate Radio Access Solutions in U.S.

SCOTTSDALE, Ariz., Jan. 19, 2021 /PRNewswire/ -- Viavi Solutions Inc. (VIAVI) (NASDAQ: VIAV) today announced that Mavenir, a leading provider of end-to-end cloud-native network software for mobile operators, is collaborating with VIAVI for lab validation of radio access solutions in the U....

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…
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Mavenir Blogs

How DSPs Can Accelerate Speed to Market for New Services

Telcos need to start thinking more creatively about digital services. Future opportunities for digital services providers (DSPs) include how DSPs can accelerate their efforts, identify most appropriate services, and speed up time to market. The post How DSPs Can Accelerate Speed to Market for New Se…

Building the Next Generation Enterprise 5G RAN with Mavenir and NVIDIA

To deliver on the 5G promise of higher throughput and lower latency for enterprise and private networks, Mavenir has been working to develop innovative, industry leading O-RAN solutions that are powered by NVIDIA GPUs and smart network interface cards (SmartNICs). The post Building the Next Generati…

How AI-on-5G Drives the Industrial Transformation

Mavenir is collaborating with NVIDIA to build an AI-on-5G solution that brings together a simplified infrastructure stackable to run 5G RAN, 5G Core, AI, and Graphical Edge computing applications. The post How AI-on-5G Drives the Industrial Transformation appeared first on Mavenir.

Turning Challenges Into Opportunities in the Wake of COVID-19

For the telecom industry, the global pandemic presents challenges that have turned into opportunities to expand reach and enhance services. The post Turning Challenges Into Opportunities in the Wake of COVID-19 appeared first on Mavenir.

Survey Says: What Lies Ahead for 5G

Mavenir highlights key findings from Heavy Reading’s Cloud-Native 5G Core Operator Survey. The post Survey Says: What Lies Ahead for 5G appeared first on Mavenir.

Rip-and-Replace Opens the Door for Wireless Industry

The U.S. government has allocated $1.9B for the rip-and-replace program. The program aims at compensating carriers that remove equipment that is deemed risky for national security. This will benefit the U.S. wireless industry to leverage OpenRAN, open interfaces, and element interoperability. The po…
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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 4,879 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 $87.6 k.

  • Who are Mavenir competitors?

    Competitors of Mavenir include Infobip, Avaya and Metaswitch Networks.

  • 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 34 other locations.

  • How many offices does Mavenir have?

    Mavenir has 40 offices.