Mitel has completed the acquisition of Mavenir Systems. The deal is said to help the vendor expand its total addressable market by circa $14bn by 2018, and
capitalise on demand for 4G LTE services.
"With Mavenir part of Mitel's business and market footprint, we are now able to fully address both the enterprise and mobile markets for IP-based communications," said Rich McBee, President and Chief Executive Officer of Mitel.
"The combination gives Mitel an opportunity to capitalise on the rapid growth of 4G LTE now, and the convergence of business and mobile IP communications in the future."
Mavenir CEO, Pardeep Kohli, joins Mitel as President of the Mobile Division.
"The move to LTE mobile networks has created a valuable opportunity for service providers to leverage a converged all-IP network to offer feature-rich business and consumer communication services on any device, anywhere, on any access network," said Kohli.
"Now, as part of Mitel, our mobile customers will be able to benefit from Mavenir's 4G solutions as well as the global reach, size and scale of Mitel's operations, IP and cloud communications expertise."