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M&A Deal Summary

Mavenir Acquires Telestax

On August 25, 2021, Mavenir acquired internet software and services company Telestax

Acquisition Highlights
  • This is Mavenir’s 3rd transaction in the Internet Software and Services sector.
  • This is Mavenir’s 6th transaction in the United States.
  • This is Mavenir’s 2nd transaction in Texas.

M&A Deal Summary
Date 2021-08-25
Target Telestax
Sector Internet Software and Services
Buyer(s) Mavenir
Deal Type Add-on Acquisition

Target

Telestax

Austin, Texas, United States
Telestax is a global communications platform as a service (CPaaS) enablement and application provider to the communications industry. Telestax is based in Austin, Texas.

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Buyer(S) 1

Buyer

Mavenir

Richardson, Texas, United States
Category Company
Founded 2017
Sector Internet Software and Services
DESCRIPTION

Mavenir provides end-to-end cloud-native Network Software and a provider in accelerating software network transformation for communications service providers (CSPs). Mavenir was founded in 2017 and is based in Richardson, Texas.

DEAL STATS #
Overall 7 of 7
Sector: Internet Software and Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 4 of 4
State: Texas M&A 2 of 2
Country: United States M&A 6 of 6
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-28 ip.access

Cambridge, United Kingdom

ip.access is a 2G, 3G, 4G, and 5G-ready small cell solutions provider. Serving Communication Service Providers, Private Enterprises and other special Applications markets globally with portfolio of small cells solutions. ip.access was established in 1997 and is based in Cambridge, United Kingdom.

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