From Nvidia blades to software (SNOW, Mavenir, Crowdstrike, etc).
From the linked article:
Saudi Aramco's digital arm is in talks to take a significant minority stake in Mavenir, in a deal that is likely to value the U.S. telecommunications software maker at about $3 billion.
Aramco Digital is in talks to invest about $1 billion in Mavenir and a deal is likely to be signed before the end of the year, the sources said, cautioning that a transaction is not guaranteed.
Mavenir is working with investment bank Evercore on its talks with Aramco Digital, the sources said, requesting anonymity as the discussions are confidential.
The deal by Aramco Digital, the wholly-owned technology subsidiary of the oil giant, would be its first major transaction in the telecommunications industry as part of Saudi Arabia's Vision 2030 plan, which focuses on technological advancements and economic diversification.
Aramco and Evercore did not immediately respond to requests for comment. Mavenir declined to comment.
The telecom equipment industry, which has long been dominated by vendors such as Sweden's Ericsson, Finland's Nokia and China's Huawei, is one of the few critical areas where U.S. companies do not have a significant presence.
Richardson, Texas-based Mavenir is a pioneer in a technology called Open Radio Access Network (Open RAN) that promises to radically cut costs for telecom operators building a mobile network. It uses cloud-based software and allows use of gear from many suppliers instead of relying on a handful of companies.
Mavenir
Links:
- headquartered, where else but ... wait for it ... Texas ... north of Dallas ... specifically, Richardson, Texas. Just up the street from us .... and most importantly, right down the street from a huge technology university, University of Texas, Dallas -- UTD -- holy mackerel.
Mavenir Systems, Inc. is an American telecommunications software company, created in 2017 as a result of a three-way merger of existing companies and technologies, that develops and supplies cloud-native software to the communications service provider (CSP) market.
The company is headquartered in Richardson, Texas, US, and has offices in multiple countries such as India, Pakistan, Indonesia, Romania, Germany, and the UK. Mavenir also has Centres of Excellence around the world, including in Bangalore and Brno, with a global employee headcount of over 5000. The company serves more than 250 Communications Service Providers in over 120 countries.
And then this:
Mavenir has a complex corporate history as a result of successive acquisitions and spin-offs. The main historical predecessors are:
- Xura, which was composed of pieces of Comverse, Inc.,
- Acision, and a number of other acquired companies.
- Comverse, Inc derived from Comverse Technology, was active in traditional value-added services (VAS), digital cloud services, Unified Communications (VoIP & UC), and a suite of evolved communication services.
- Acision was a privately held secure mobile messaging and engagement services firm.
- These entities were combined in 2015 to form Xura, which focused on two core product areas: digital communications services and converged communications (traditional and IP).
- An older entity with a similar name, Mavenir Systems, initially a company focused on transition from 3G to 4G with IMS products and solutions, founded in 2006. It acquired Airwide Solutions, Stoke and Ulticom and In 2013, the company went public on NYSE with MVNR ticker symbol. The company was acquired by Mitel Networks Corporation in 2015 to create Mitel Mobility.
How it came together:
- Ranzure Networks, a startup focused on developing 5G cloud-based radio access network technology.
- In mid-2016, Xura was acquired by affiliates of Siris Capital Group in a deal that valued the company at approximately $643 million.
- On 19 December 2016, affiliates of Xura agreed to acquire Mitel Mobility, for $385 million, and Ranzure Networks Inc., for an undisclosed sum.
The maps:
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