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Technology Stocks : Mavenir Systems, Inc (MVNR)

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From: JakeStraw9/18/2014 9:35:43 AM
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Mavenir Systems® (MVNR), a leading provider of software-based networking solutions for mobile 4G LTE networks, announced today two Network Functions Virtualization (NFV) Centres of Excellence in Bangalore, India and Shanghai, China to support the development of NFV, Voice over LTE (VoLTE), VoWi-Fi and Rich Communications Services (RCS) deployments in the Asia Pacific region.

Mavenir’s continued support of network and services deployments has expanded to the Asia Pacific region in order to actively engage locally with mobile operator deployments and trials. Mavenir’s Centres of Excellence focus on NFV technology to scale and deploy cloud-based solutions that reduce network complexity and cost, while making it easier to build capacity and add flexibility to the network. These developments are critical for network operators as they look to create more and more bandwidth on their networks to meet customer demand throughout Asia.

"Mavenir’s portfolio of over 30 fully virtualized products and solutions provide mobile operators with a time-to-market advantage in deploying cloud-based architectures," said Pardeep Kohli, Mavenir’s President and CEO. "Singapore, being one of the most advanced markets in the world, with an application-hungry customer base at its heart, is a great location from which to focus our efforts and allow Mavenir to more readily demonstrate our leadership and new, advanced offerings for NFV, VoLTE, VoWi-Fi and RCS."

"We are seeing accelerated 4G deployments in Asia-Pac in 2014. Most Asia-Pac operators are either beginning to deploy 4G, or they have already deployed 4G, moving from a data-only 4G deployment to a fully converged and virtualized rich communications services offering. We expect that Mavenir’s NFV Centres of Excellence in Asia will play a big role in accelerating the acceptance and deployment of fully virtualized Mobile Core solutions by Operators in the region," said Idris Vasi, Mavenir’s Vice President, APAC
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