Mavenir buys Ulticom, sees return to opg profit this year

Tuesday 13 January 2015 | 16:50 CET | News
Software-based networking equipment provider Mavenir Systems has agreed to acquire Ulticom, a provider of Diameter signalling services. The deal, subject to customary closing conditions, is expected to complete by end January. No financial details were disclosed. Mavenir said it will announce preliminary fourth quarter results on 26 February and gave a new guidance for the fourth quarter. It expects revenues within guidance at USD 33.5-35.0 million, up 23.6-29.1 percent from the year before. Mavenir lowered its guidance for its gross profit margin to 55.5-58.0 percent from 58.5-62.5 percent

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Categories: Fixed
Companies: Mavenir Systems / Stoke
Countries: World
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