Mavenir Systems Announces an Agreement to Acquire Ulticom, Inc.
RICHARDSON, Texas--(BUSINESS WIRE)-- Mavenir Systems® (NYSE:MVNR), a leading provider of software-based networking solutions, today announced that it has signed a definitive agreement to acquire Ulticom, Inc., an industry leader in telecom signaling solutions. The acquisition is subject to customary closing conditions.
Through this acquisition, Mavenir enhances its portfolio of next generation software products and solutions to include a scalable, virtualized Diameter Signaling Controller (DSC), an increasingly critical network element which efficiently scales mobile operator networks and securely provides interoperable 4G LTE and Voice over LTE (VoLTE) services.
Ulticom is a leading provider of telecom signaling solutions enabling the global transformation to 4G LTE, with key Diameter solutions deployed in ten tier one carrier networks globally, two of which are among the world’s top ten Mobile Network Operators (MNOs). Mavenir has previously partnered with Ulticom to resell its Diameter signaling solutions to five tier one mobile operator customers globally.
“Without question, the explosive growth of mobile data traffic and the increase in VoLTE deployments creates a need to better manage signaling traffic at scale,” said Pardeep Kohli, President and Chief Executive Officer, Mavenir Systems. “Tier one customers have already adopted Ulticom’s DSC, powerful evidence of the team’s expertise and strategic importance to the marketplace. Ulticom also brings deep channel relationships to Mavenir in this accretive acquisition.”
Ulticom’s Diameter software products are uniquely designed for high transaction performance with adaptive signal control capabilities that optimize elasticity and orchestration in NFV networks. As the industry transitions to NFV, Ulticom is competitively well-positioned with differentiating capabilities that simplify network design and ease the operational burden of scaling 4G LTE software networks to meet existing and accelerating rapid subscriber and traffic growth.
"We are delighted to join the team at Mavenir Systems and further enhance their growing product portfolio," said Bruce Swail, Chief Executive Officer, Ulticom. "We have been focused on our virtualized DSC software offering and in facilitating NFV for carrier cloud environments. Ulticom’s experience in global signaling is unmatched and a great fit with the innovative solutions Mavenir provides its customers."
"Ulticom brings a strong team that has successfully partnered with Mavenir and understands the global diameter and signaling control market," added Kohli. "We look forward to having them join the Mavenir team."
Closing is subject to customary conditions and is expected to be completed on or before January 30, 2015.