Mavenir Systems Wins Red Herring 100 North America Award

Mavenir fuels Mobile Networks Transformation

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Jul 22, 2010, 08:00 ET

RICHARDSON, Texas, July 22 /PRNewswire/ -- Mavenir Systems, provider of innovative mobile convergence solutions, announced today that it is a winner of the prestigious Red Herring North America 100 Award. The Red Herring award is awarded to the most promising private technology ventures based on their technological innovation, management strength, market penetration and financial performance.

"Selecting the Top 100 companies during this challenging economic time was not easy," said Alex Vieux, publisher and CEO of Red Herring. "Mavenir Systems impressed us with their innovative solutions to mobile messaging and future growth potential with their complementary product line. From leadership to performance, we believe Mavenir Systems will continue to be a successful mobile network innovator."

"We're pleased to be selected by Red Herring as one of the top 100 tech startups in North America," said Shubh Agarwal, VP of Marketing for 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 will continue our drive to become the industry leader in mobile network transformation to 4G."

Past award winners of the Red Herring 100 North America Award include Google, Yahoo!, Skype, and YouTube. Most recently, Mavenir announced it raised $13.6 million in its fourth round of funding, bringing its total funding to $65 million since October 2005.

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, Video, Session Mobility and Femto services. Converged Messaging solutions deliver SMS, Multimedia and Rich Communications Suite services to monetize 3G and 4G mobile ecosystems. 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.