Mavenir buys Airwide, secures $40M in funding

Mavenir Systems announced it has acquired mobile messaging company Airwide Solutions and secured another $40 million in its fifth round of funding.

The company is banking on becoming a premier solutions provider for LTE operators and said the acquisition of Airwide positions it to enable mobile operators to transform their core network and launch converged voice, video and messaging services over LTE. In February, Mavenir announced a deal with MetroPCS to deliver a converged messaging solution on its LTE network which allows subscribers to exchange multimedia and text messages with other MetroPCS subscribers and on other carrier networks.

Earlier this month, the company announced the voice over LTE edition of its convergence platform. The VoLTE edition is designed to provide operators with three different options to deploy voice and messaging services over LTE.

New investor August Capital led this fifth round of funding that included North Bridge Venture Partners, Austin Ventures, Alloy Ventures, Greenspring Associates and Cross Creek Capital that also joins as a new investor. Mavenir has now raised a total of $105 million since October 2005.

For more:
- see this release
- read this other release

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