Company Overview of Mavenir Systems, Inc.
Mavenir Systems, Inc. provides software-based telecommunications networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific regions. The company’s solutions, which are based on its mOne Convergence platform, enable mobile service providers to deliver Internet protocol (IP)-based voice, video, rich communications, and enhanced messaging services through their 2G and 3G networks, and next-generation 4G LTE networks to their subscribers. It offers various voice and video products, such as telephony application server that provides voice, video, and supplementary services through broadband IP networks; voice over LTE interworking function, which enables voice and...
1700 International Parkway
Richardson, TX 75081
Founded in 2005
Key Executives for Mavenir Systems, Inc.
Chief Executive Officer and President
Vice President of Operations
Chief Accounting Officer, Vice President and Corporate Controller
Compensation as of Fiscal Year 2014.
Mavenir Systems, Inc. Key Developments
Mavenir Systems, Inc. Amends Bylaws
May 1 15
As previously reported, on February 28, 2015, Mavenir Systems, Inc. entered into a definitive Agreement and Plan of Merger, which agreement was amended on April 10, 2015 and on April 20, 2015 (as amended, the Merger Agreement), with Mitel Networks Corporation and Roadster Subsidiary Corporation, pursuant to which Mitel agreed to acquire Mavenir in a cash and stock transaction. In connection with the consummation of the Merger, the certificate of incorporation of Mavenir and the bylaws of Mavenir were each amended and restated in their entirety.
Mavenir Systems, Inc. Announces Board Changes
May 1 15
At the effective time of the Merger on April 29, 2015, the members of the board of directors of Mavenir Systems, Inc. resigned, and immediately following the effective time of the Merger, Steve E. Spooner, Greg Hiscock and Douglas McCarthy were elected as members of the board of directors of Mavenir, each to hold office until their respective successors are duly elected or appointed and qualified or until their earlier respective deaths, resignations or removals from office.
Mavenir Systems, Inc. Revised Earnings Guidance for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Full Year of 2015
Apr 10 15
Mavenir Systems, Inc. revised earnings guidance for the first quarter ended March 31, 2015. Based on preliminary results, for the three months ended March 31, 2015, the company now expects first quarter revenues to be in the range of $27.0 million to $28.5 million, below the company’s previously announced guidance range of $39.0 million to $41.0 million. Non-GAAP operating loss is expected to be between $12.5 million and $10.5 million, also below the previously announced guidance of a non-GAAP loss in the range of $4.0 million to $2.3 million. This is expected to result in non-GAAP basic earnings per share between $0.47 to $0.41, which is below the previously announced guidance range of $0.17 to $0.12.
The company provided earnings guidance for the full year of 2015. Revenue is expected to range from $185.0 million to $195.0 million. Non-GAAP gross margin to range from 62.0% to 65.0%. Non-GAAP operating income to range from $13.0 million to $16.0 million. Non-GAAP basic earnings per share to range from $0.28 to $0.36.
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