M&A Deal Summary

Xura Acquires Mitel Mobility

On December 19, 2016, Xura acquired information technology company Mitel Mobility from Mitel for 350M USD

Acquisition Highlights
  • This is Xura’s 3rd transaction in the Information Technology sector.
  • This is Xura’s largest (disclosed) transaction.
  • This is Xura’s 4th transaction in the United States.
Investment Fate
  • Mitel Mobility merged with another company in 2017.

M&A Deal Summary
Date 2016-12-19
Target Mitel Mobility
Sector Information Technology
Buyer(s) Xura
Sellers(s) Mitel
Deal Type Divestiture
Deal Value 350M USD
Advisor(s) Goldman Sachs (Financial)
Paul, Weiss, Rifkind, Wharton & Garrison (Legal)

Target

Mitel Mobility

United States
Mitel Mobility is a provider of software-based networking solutions that enable mobile service providers to deliver next generation services over 4G LTE networks. Mitel Mobility has a fully virtualized end to end portfolio of Voice/Video, Messaging and Mobile Core products that include IP Multimedia Subsystem (IMS), Evolved Packet Core (EPC) and Session Border Controller (SBC).

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Buyer(S) 1

Buyer

Xura

Wakefield, Massachusetts, United States

website

Category Company
Founded 1997
Sector Information Technology
Employees3,000
Revenue 477M USD (2015)
DESCRIPTION

Xura is a provider of IT solutions to global communications across a variety of mobile devices and platforms. The company helps communication service providers (CSPs) and enterprises navigate and monetize the digital ecosystem to create innovative, new experiences through our cloud-based offerings. Xura was founded in 1997 and is based in Wakefield, Massachusetts.

DEAL STATS #
Overall 7 of 7
Sector (Information Technology) 3 of 3
Type (Divestiture) 2 of 2
Country (United States) 4 of 4
Year (2016) 2 of 2
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-19 Ranzure Networks

Richardson, Texas, United States

Ranzure Networks is a developer of 5G Cloud Radio Access Network (“RAN”) technology. Ranzure Networks was founded in 2016 and is based in Richardson, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-08 Ranzure Networks

Richardson, Texas, United States

Ranzure Networks is a developer of 5G Cloud Radio Access Network (“RAN”) technology. Ranzure Networks was founded in 2016 and is based in Richardson, Texas.

Sell -

Seller(S) 1

SELLER

Mitel

Ottawa, Ontario, Canada

website

Category Company
Founded 1973
Sector Communications
Revenue 1.1B USD (2017)
DESCRIPTION

Mitel is a telecommunications company providing voice and unified communications services, with market-leading positions in unified communications-as-a-service (“UCaaS”) and customer-owned solutions. Mitel was founded in 1973 and is based in Ottawa, Ontario.

DEAL STATS #
Overall 1 of 2
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 2
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-01 TigerTMS

Ringwood, United Kingdom

TigerTMS Ltd. is a provider of software, cloud and applications based solutions for the hospitality industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-27 ShoreTel

Sunnyvale, California, United States

ShoreTel, Inc. is a provider of an Internet protocol (IP) unified communications (UC) systems for enterprises in the United States and internationally. The company’s systems are based on its distributed software architecture and switch-based hardware platform that enable multi-site enterprises to be served by a single telecommunications system.

Buy $430M
Mergr

Product

Company

Legal