Announced
Completed
Financials
Sources
Tags
Domestic
Completed
Software
United States
software based mobile networking solutions
Private Equity
Single Bidder
Acquisition
Friendly
Private
Minority
Synopsis
Koch Industries, an American multinational corporation involved in the manufacturing, refining, and distribution of petroleum, chemicals, energy, and fiber, completed a $500m investment in Mavenir, a provider of software-based networking solutions. Siris Capital Group, a private equity firm specializing in technology, will remain the majority shareholders. “We want to reduce the complexity of building a radio. Together with KSP and our service provider customers, we expect to bring innovation and 5G to revolutionize industries such as energy, industrial automation and health care," Pardeep Kohli, Mavenir CEO.
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