Mavenir International Holdings, Inc. provides mobile gateway solutions to the broadband network industry. It offers home/mobile broadband access solutions that include Security eXchange, a network gateway application that provides RAN aggregation and connectivity between RAN and core; Mobile Border Agent, a software-based entity to monitor and protect the LTE radio-core mobile border; Stoke Wi-Fi eXchange, a gateway application that automatically authenticates Wi-Fi attached subscribers and links them to their 3G or LTE cellular network services and/or to the Internet; SSX-3000, a hardware/software platform on which Stoke mobile edge gateway applications are delivered; and Stoke Systems Mana...
5403 Betsy Ross Drive
Santa Clara, CA 95054
Founded in 2004
Mavenir Systems, Inc. Enters into Consent, Joinder and Second Loan Modification Agreement with Silicon Valley Bank
Nov 21 14
On November 19, 2014, Mavenir Systems, Inc. and certain of its subsidiaries entered into a consent, joinder and second loan modification agreement with its lender Silicon Valley Bank. On November 18, 2014, Mavenir completed its acquisition of Stoke, Inc. by merger and in connection with the merger Stoke's name was changed to Mavenir International Holdings, Inc. Pursuant to the loan modification, Mavenir International Holdings, Inc. became a borrower under Mavenir's loan and security agreement with Silicon Valley Bank and granted a security interest to Silicon Valley Bank in substantially all of its assets; the amount of the term loan under Mavenir's loan agreement with Silicon Valley Bank was increased from $25.0 million to $26.9 million, and the increase was drawn down to repay approximately $1.9 million of outstanding indebtedness owed by Stoke to Silicon Valley Bank under Stoke's prior loan agreement, which was in turn terminated; the interest rate on Mavenir's term loan was reduced by 0.50%, from 2.75% to 2.25%; the time period during which the 1.0% prepayment penalty is in effect under Mavenir's term loan was extended from March 6, 2015 through November 19, 2015; and Silicon Valley Bank consented to the acquisition of Stoke by Mavenir.
Mavenir Systems, Inc., Stoke, Inc. - M&A Call
Nov 12 14
to discuss the proposed acquisition
Stoke and Agility Networks Sign Reseller Agreement
Jul 8 14
Stoke and Agility Networks have signed a reseller agreement to provide Stoke's LTE security gateways to its mobile operator customers. Agility Networks has added Stoke technology to its portfolio in response to customer demand and the explosive growth in LTE subscriptions across Brazil.