Numbers in millions USD, except per-share numbers.
Services - Prepackaged Software
October 29, 2020
Mavenir provides software to drive the digital transformation of mobile networks. Our suite of cloud-native software applications delivers the critical network functionality that allows Wireless Service Providers to meet the needs of their enterprise and consumer customers. These software solutions are deeply embedded in the Wireless Service Provider networks to securely deliver and operate complex, mission-critical mobile services such as voice, messaging, video and connectivity that helps them to unlock new revenue opportunities. Mavenir is at the forefront of disruption in the mobile network infrastructure industry enabling networks to become more agile, flexible and scalable while reducing total cost of ownership (“TCO”). There is a significant increase in demand for digital transformation to reduce cost while delivering additional value to consumers and enable new complex industrial use cases including private networks for enterprises and industries. This follows the trend set by a growing percentage of enterprises that have successfully adopted the cloud for digital transformation, which has led to the genesis of a new breed of enterprise software market leaders. With the advent of 5G, we believe that mobile networks that already support multi-billion mobile subscriptions today need to be efficient and effective enough to address tens of billions of connected devices in the 5G/Internet of Things (“IoT”) era, and the consequent rise in new use cases and applications.