Mavenir lands $17.5 million for mobile convergence
Mavenir Systems, a company that helps telecom companies evolve their networks to handle new calling options (like VoIP) and rich-media messaging, has closed a $17.5 million third round of funding. It plans to use the round to grow its market presence and continue developing its software portfolio. Its goal is to make accessing broadband connections easier for cell phone users — in turn, giving operators the chance to push a wider range of applications and… Continue Reading
Unsung software company Aricent raises new round from KKR and Bahrain investor
Mobile software outsourcing company Aricent has raised a new $60 million round of funding from New York private equity firm Kohlberg Kravis Roberts and The Family Office, an investor in Bahrain. It’s also becoming one of the biggest private tech companies in Silicon Valley that nobody knows about.
Aricent was created a couple of years ago as a spin-off from contract manufacturer Flextronics, in a funding led by KKR and Sequoia Capital. The round is an… Continue Reading
Communications software company Aricent raises $4.7M in sale of shares
Communications software company Aricent has raised $4.7 million in a sale of regular shares to owners Kohlberg Kravis Roberts & Co. and Flextronics International, VentureBeat has learned.
The privately-held, Palo Alto, Calif.-based company says it offers everything from network infrastructure to end-user devices. Aricent has 350 customers worldwide, including Motorola, Nokia, Samsung, Sony Ericsson, Texas Instruments and Virgin Mobile. At the Mobile World Congress in Barcelona, Spain, the company announced today that it will be partnering… Continue Reading