RICHARDSON, Texas, July 30 (Bernama-GLOBE NEWSWIRE) — Mavenir, the cloud-native network infrastructure provider building the future of networks, and its existing investor Siris, a leading private equity firm focused on investing and driving value creation in technology companies, today announced that they have completed their previously announced comprehensive recapitalization with Mavenir’s lenders.
“Mavenir has long been at the forefront of cloud transformation, and with a strengthened financial foundation, we are even better positioned to continue innovating for our global customer base,” said Pardeep Kohli, President and CEO of Mavenir. “We look forward to continuing to redefine the Network of the Future alongside Siris and our lender partners.”