Xura

This article is about the current company Xura, Inc, formerly known as Comverse, Inc.. For the Comverse corporate entity that existed from 1982 to 2013, see Comverse Technology.
Xura, Inc.
Public (NASDAQ: MESG)
(Acquisition by Siris Capital Group pending)
Industry Telecommunications software
Headquarters Wakefield, Massachusetts, United States
Key people
 Philippe Tartavull (President and CEO)
Products Digital Communications Services, Converged Communications (traditional and IP)
Revenue Steady US $678 million (FY 2012)
Increase US $5.1 million (FY 2012)
Number of employees
 3,000 (2015)
Website www.xura.com

Xura, Inc. (NASDAQ: MESG) is a technology company headquartered in Wakefield, Massachusetts, in the United States, that offers a portfolio of digital services that enable global communications across a variety of mobile devices and platforms. Xura markets and sells to communications service providers (CSPs) and to enterprises.

Xura, Inc. came into being on 9 September 2015, following Comverse Inc.'s acquisition of Acision on 6 August 2015.[1] The new joint entity changed its name to Xura, Inc.[2] The name 'Xura' was adapted from the word 'Aura'.[2][3] Xura will also be renaming all Comverse and Acision subsidiaries.

On May 23, 2016,[4] Xura announced agreement to be acquired by affiliates of Siris Capital Group for $25.00 per share in an all-cash deal valued at approximately $643 million.

Products and services

Xura’s products and solutions fall into three categories:

History as a subsidiary

Main article: Comverse Technology

As a subsidiary, Comverse, Inc. was incorporated on November 19, 1997,[6] as part of the larger Comverse Technology.

In August 2012, a series of transactions were announced that would end Comverse Technology as a functioning entity, by making Comverse Network Systems an independent company once again known simply as Comverse, allowing Verint Systems (the former Comverse Infosys) to buy back Comverse Technology's majority stake in it, and selling off other subsidiaries.[7][8] Philippe Tartavull was named as the CEO of the independent Comverse, and continues to be President and CO of Xura, Inc.

These transactions were completed by February 4, 2013, and represented the effective liquidation of the Comverse Technology holding entity[8][9] and the emergence of Comverse, Inc. as a fully independent company.

History as an independent company

Results for fiscal year 2011, which took place as the spin-off of Comverse from Comverse Technology was happening, demonstrated a return to profitability, with a net income of $5.1 million.[10]


During June 2015 Comverse divested its BSS business to Amdocs. In August 2015 Comverse announced it had completed the previously-announced acquisition[11] of Acision, a privately held firm that specialized in secure mobile messaging and engagement services.

On September 9, 2015, Comverse Inc. changed its name to Xura Inc.[12]

Industry recognition

Over the years, Comverse (now known as Xura, Inc) has won a number of awards within its industry, including:

References

  1. ↑ http://globenewswire.com/news-release/2015/08/06/758646/10145059/en/Comverse-Completes-Acquisition-of-Acision-Creating-a-Leader-in-Digital-Communication-Services.html
  2. 1 2 http://www.prnewswire.com/news-releases/introducing-xura-comverse-and-acision-launch-new-global-company-fresh-brand-reflects-digital-communications-leadership-525842251.html
  3. ↑ http://www.betaboston.com/news/2015/09/09/comverse-no-not-the-shoe-guys-changes-name-to-xura/
  4. ↑ "Xura Announces Agreement to be Acquired by Affiliates of [http://www.siriscapital.com/ Siris Capital Group] for $25.00 per share in an All-Cash Deal Valued at Approximately $643 million". Yahoo Finance. Retrieved 2016-05-24. External link in |title= (help)
  5. ↑ http://forge.acision.com/
  6. ↑ "Company Profile for Comverse Inc". Reuters. Retrieved January 30, 2014.
  7. ↑ "Verint to buy Comverse Technology". Reuters. 13 August 2012.
  8. 1 2 Ron Steinblatt (7 February 2013). "Verint completes separation from Comverse". Globes.
  9. ↑ "Comverse Technology, Inc. – Investor Relations". Comverse Technology. Retrieved 29 January 2014.
  10. ↑ "CNSI Income Statement". Yahoo! Finance. Retrieved 31 December 2013.
  11. ↑ "Comverse Completes Acquisition of Acision, Creating a Leader in Digital Communication Services". Comverse Inc. Retrieved 6 August 2015.
  12. ↑ http://www.streetinsider.com/Corporate+News/Comverse+%28CNSI%29+Will+Change+Name+to+Xura,+Inc./10874717.html
  13. ↑ http://www.comverse.com/news_media/awards/comverse-receives-2015-webrtc-product-of-the-year-award//
  14. ↑ http://www.comverse.com/news_media/press-releases/comverse-evolved-communication-suite-wins-silver-pipeline-comet-innovation-award/
  15. 1 2 http://www.comverse.com/news_media/press-releases/comverse-wins-two-2014-communications-solutions-product-of-the-year-awards-/
  16. ↑ http://www.comverse.com/press_releases.aspx?news=comverse_leaders_quadrant
  17. ↑ http://www.comverse.com/press_releases.aspx?news=comverse_wins_industry_award_for_policy_extended_with_analytics
  18. ↑ http://www.comverse.com/press_releases.aspx?news=comverse-wins-mobile-broadband-bss-awards-2012
  19. ↑ http://www.comverse.com/press_releases.aspx?news=comverse-one-solution-wins-award-for-excellence
  20. ↑ "Comverse Wins Billing & OSS World's Excellence Award For Best Cost Management Implementation" (Press release). TheStreet.com. 13 July 2010.
  21. ↑ "Markets in Brief". Haaretz. 11 December 2009.
  22. ↑ "Comverse Wins Internet Telephony BSS/OSS Excellence Award" (Press release). MarketWatch. 6 July 2011.
  23. ↑ http://www.comverse.com/press_releases.aspx?news=internet_telephony_excellence_award
  24. ↑ http://www.comverse.com/press_releases.aspx?news=comverse-wins-internet-telephony-bss-oss-excellence-award
  25. ↑ "Comverse Receives a 2007 Internet Telephony Excellence Award" (Press release). Smart Grid. 17 September 2007.
  26. ↑ "Comverse Converged Billing Suite bags InfoVision Award 2007". Moneycontrol.com. 28 June 2007.
  27. ↑ "Comverse Receives 2007 IMS Leadership Award from IMS Magazine" (Press release). Business Wire. 19 June 2007.
  28. ↑ "Comverse wins industry award". Boston.com. 17 April 2007.
  29. ↑ "Frost and Sullivan Choose Comverse as Telecom BSS Vendor of the Year" (Press release). Frost and Sullivan. 15 June 2009. Archived from the original on 1 January 2014.
  30. ↑ Galitzine, Greg (29 May 2008). "Comverse Nabs Industry Award Fourth Year in a Row". Technology Marketing Corporation.
  31. ↑ "Comverse MMSC Recognized With 3G CDMA Industry Achievement Award" (Press release). Business Wire. 29 September 2004.
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