Mavenir Systems® Announces an Agreement to Acquire Stoke
investor.mavenir.com
Expanding Global Reach; Expanding Portfolio with LTE Security Gateways
Stoke provides mobile gateway solutions to the broadband network industry and has been a market leader in deployed LTE Security Gateways. Through this acquisition, Mavenir will achieve three key objectives:
1)Expanding its global reach, adding strong presence in markets like Japan and South Korea
2)Enhancing its security product portfolio with the addition of LTE Security Gateways
3)Entering into small-cell market with its own high performance gateway product
Stoke has a strong customer and partner base in key markets in APAC and EMEA. Specifically, Stoke counts NTT DOCOMO and Softbank among its current customers and has built relationships with well-regarded integrators including Net One Systems, Macnica Networks in Japan and Samsung in South Korea. In addition to leveraging these new channels for its portfolio of 4G LTE solutions, Mavenir is rounding out its suite of security solutions with Stoke’s Security Gateway which will be distributed through existing channels to Mavenir’s global customer base.
“Upon completion of this acquisition, Mavenir will be expanding our portfolio and enhancing our expertise in security technologies at a critical juncture in 4G LTE network evolution,” said Pardeep Kohli , President and Chief Executive Officer, Mavenir Systems. “The transition to all-IP requires robust, high-performance security solutions at the access and interconnect points to 4G LTE networks. Combined with our Session Border Controller (SBC) and evolved Packet Data Gateway (ePDG), Stoke’s LTE Security Gateway (SEG) enables Mavenir to deliver a complete, secure, end to end solution to our customers globally.” |
