Mavenir Systems Wins Dallas 100 Award

RICHARDSON, Texas, Dec. 13, 2010 /PRNewswire/ -- Mavenir Systems, provider of innovative mobile convergence solutions, announced today that it is a winner of the prestigious Dallas™ 100 Award, ranking #27 among the top-100 fastest-growing private companies in the Dallas area. The award marks a year of growth for the company, which has secured contracts with tier-one mobile operators in the US, Europe and Asia over the past year. Co-founded by the Southern Methodist University (SMU) Cox Caruth Institute for Entrepreneurship in 1990, the Dallas 100 Awards identifies and honors privately held companies in the Dallas area that meet a number of criteria.

"We're pleased to be selected by the Dallas 100 as one of the 100 fastest-growing private companies in North Texas," said Pardeep Kohli, CEO of Mavenir. "This award is the result of our team's focus in providing innovative solutions for mobile operators to bring new voice, video and messaging services to their customers. We know the support of our local home base in North Texas will help us continue our drive to become the industry leader in mobile network transformation to 4G."  

Mavenir attributes its success to the continuous advancement of its portfolio of 4G LTE services creating new revenue models for mobile operators. According to the Dallas Morning News, Richardson-based Mavenir raised the most venture capital in the Dallas area in the 2nd quarter: $13.6 million from four venture capital firms and network giant Cisco Systems Inc. in its fourth round of financing.

About Mavenir:

Mavenir's innovative convergence solutions enable mobile operators to power IP-based mobile cloud services. Converged Voice solutions enable rapid delivery of Mobile VoIP, Voice over LTE, Mobile Video, Session Mobility and Femto services. Converged Messaging solutions deliver SMS, Multimedia and Rich Communications Suite services to monetize 3G and 4G services. Our innovations, implemented on the Mavenir mOne Convergence Platform, deliver services to any device by bridging core network and broadband access generations. Headquartered in Richardson, Texas, Mavenir has facilities in India, China and Europe. www.mavenir.com.

SOURCE Mavenir Systems