Mavenir Announces Creation of Business Unit to Accelerate OpenRAN RRU (Remote Radio Unit) Ecosystem
Mavenir, the industry’s only end-to-end Network Software Provider, announces an expanded Radio organization as its industry leadership and progress continues in OpenRAN. Mavenir has been an early advocate for OpenRAN to drive openness, innovation, and security in 5G and this expansion will energize the Remote Radio Unit ecosystem.
The OpenRAN industry depends on availability of carrier-grade, ORAN-compliant radios that can meet the evolving needs and requirements of Public and Private Mobile networks. To this end, Mavenir is announcing a new business unit to develop hardware and software production quality designs for OpenRAN radios, that will enable vendors/partners to build radios for specific markets. Mikael Rylander will lead this Business Group as SVP and GM, Radio Business Unit, to focus on RRUs and RRU ecosystem.
“Our OpenRAN deployments and trials are gaining momentum globally. To further strengthen our roadmap and ongoing Radio Access strategic initiatives, I am pleased to announce the formation of an RRU Business Unit,” said Pardeep Kohli, President and CEO of Mavenir. “With our leadership in OpenRAN, we want to enable best-in-class partner ecosystem that can together deliver a portfolio of compelling OpenRAN radios. We will support this ecosystem with RRU software, expertise, facilitation of appropriate production sites and RRU validation with our vRAN products. These radios will be available for use by any OpenRAN vendor and not exclusively to Mavenir.”
In addition, Puneet Sethi will be joining Mavenir as SVP/GM, to lead the RAN Business Unit and focus on creating and delivering market leading CU and DU Software solutions. Mavenir’s CU and DU solutions are designed based on OpenRAN principles and are already deployed with multiple OpenRAN compliant 3rd party radios. Remaining committed to those OpenRAN principles, Mavenir’s CU and DU software solutions will work with both Mavenir radio unit products and 3rd party radio units, thereby offering customers the widest choice in the industry.
Puneet joins Mavenir most recently from Qualcomm where he helped establish Small Cells and RAN Infra Business ground up to its existing industry leading position in 5G. He had the overall responsibility of the business unit P&L, execution, product roadmap and business development. While delivering significant business growth, he successfully evolved FSM RAN products including baseband SoC, SW and RF through 3G/4G/5G industry transitions to meet the needs of Qualcomm’s global customer base. Prior to his current role, he held other roles at Qualcomm including UWB business development and leading PHY software team responsible for Qualcomm’s first LTE UE modem launch. He also brings diverse set of telecom experiences from his prior roles at Radioframe Networks, Comneon and Ubinetics.
Mavenir is the industry's only end-to-end, cloud-native network software provider. Focused on accelerating software network transformation and redefining network economics for Communications Service Providers (CSPs) by offering a comprehensive end-to-end product portfolio across every layer of the network infrastructure stack. From 5G application/service layers to packet core and RAN – Mavenir leads the way in evolved, cloud-native networking solutions enabling innovative and secure experiences for end users. Leveraging industry-leading firsts in VoLTE, VoWiFi, Advanced Messaging (RCS), Multi-ID, vEPC, and Virtualized RAN, Mavenir accelerates network transformation for more than 250+ CSP customers in over 120 countries, serving over 50% of the world’s subscribers.
We embrace disruptive, innovative technology architectures and business models that drive service agility, flexibility, and velocity. With solutions that propel NFV evolution to achieve web-scale economics, Mavenir offers solutions to help CSPs with cost reduction, revenue generation, and revenue protection. Learn more at mavenir.com
About Business Wire
(c) 2018 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Takeda Achieved Carbon Neutrality in 202027.1.2021 11:00:00 CET | Press release
Takeda Pharmaceutical Company Limited (TSE:4502/NYSE:TAK) (“Takeda”) today announced that it achieved carbon neutrality in its value chain for its fiscal year 2019. This achievement was delivered by a continued focus on internal energy conservation measures, procurement of green energy, and investment in renewable energy certificates and high-quality, verified carbon offsets. These actions collectively address 100 percent of Takeda’s fiscal year 2019 scope 1, 2, and 3 emissions1 and represent a significant milestone in Takeda’s sustainability journey. “This important milestone underscores our commitment to environmental sustainability as we recognize that climate change poses a risk to human health, including the spread of some of the same infectious diseases we’re working to eradicate,” said Christophe Weber, Takeda president and chief executive officer. “As a global, purpose-driven company celebrating our 240-year anniversary this summer, I am proud of our achievement, but we know mu
Token Secures $15m Series B to Power Open Payments Across Europe27.1.2021 11:00:00 CET | Press release
Leading open banking payments platform, Token, today announces $15m in Series B financing, welcoming investment from SBI Investment Co. Ltd. and Sony Innovation Fund by IGV as well as from existing investors Octopus Ventures, EQT Ventures and the venture arm of BNP Paribas, Opera Tech Ventures. The capital enables Token to continue driving the shift from traditional payment methods to account-to-account payments by providing the fastest and simplest path to adoption for large merchants, PSPs and banking-as-a-service platforms. Founded in 2016, Token quickly established the lead in UK open banking payments. Token was one of the first UK companies to be authorised by the Financial Conduct Authority (FCA) as a payment initiation and account information service provider. In 2018, the company made history by becoming the first payment initiation service provider to conduct an end-to-end payment through a PSD2-compliant bank API. Today, Token continues to build out its stack of open payment
The Remittance Effect: Global Citizens Emerge as Economic First Responders of the Developing World27.1.2021 10:03:00 CET | Press release
Person-to-person ("P2P") international transfers, or remittances, sent by global citizens to their homelands represent the largest foreign economic support structure for developing economies. According to a new report by Oxford Economics, commissioned by Western Union (NYSE: WU), a global leader in cross-border, cross-currency money movement, remittances have helped smooth COVID-19 pandemic-induced economic shocks, increasing the resilience of developing nations throughout 2020 and presenting a potential lifeline for recovery in 2021 and beyond. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210127005359/en/ The Remittance Effect: Global Citizens Emerge as Economic First Responders of the Developing World (Graphic: Business Wire) The Oxford Economics Report: The Remittance Effect: A Lifeline for Developing Economies Through the Pandemic and Into Recoveryidentifies several positive economic and remittance consumer fundamental
Temenos Extends Partnership with Schroders for Wealth Front Office27.1.2021 08:30:00 CET | Press release
Temenos (SIX: TEMN), the banking software company, today announced that Schroders Wealth Management in Switzerland has selected Temenos Wealth Front Office to automate and enhance its advisory business. Schroders Wealth Management will deploy the state-of-the-art portfolio management system on its existing Temenos Transact core banking platform to provide intuitive and powerful capabilities for relationship managers, advisers and portfolio managers. Supported by Temenos, Schroders Wealth Management looks after £65.7 billion of assets for its clients worldwide, from offices in the UK, Channel Islands, Switzerland, Singapore and Hong Kong. With Temenos Wealth Front Office, Schroders Wealth Management benefits from standardized advisory processes. The solution includes dashboards for relationship managers and portfolio managers, client and investment profiling, investment proposal process, advanced order generation, comprehensive pre- and post-trade compliance checks, flexible benchmarkin
Data Gumbo Provides Real-Time OPEX Visibility; Supports Continuous Financial Management Across European Energy Sector27.1.2021 07:00:00 CET | Press release
Data Gumbo, provider of GumboNet™ — the massively interconnected industrial smart contract network secured and powered by blockchain — today announced that it enables real-time operational expenses (OPEX) visibility for energy operators and service providers across Europe. By using field operating data to digitally confirm that commercial terms of existing contracts have been satisfied, smart contracts trigger automated payments between commercial counterparties to deliver real-time visibility into contract spend. “Energy operators and service providers are in need of information that can assist them in making difficult economic choices,” said Ove Sandve, Norway Country Manager at Data Gumbo. “GumboNet’s real-time OPEX capabilities unlock sustained digital visibility into financial health and management that can set up a company to tie field measurements to payments driving transactional certainty, improving cash flow, increasing value, and ultimately, attracting better investors.” Man
TransferWise and Visa Announce Global Partnership Following Successful Collaboration on Cloud Technology27.1.2021 06:01:00 CET | Press release
Visa (NYSE: V) and TransferWise today announced a global partnership and the first use of Visa Cloud Connect, a new way for fintechs and partners to securely connect Visa’s global processing network, VisaNet, through the cloud. Visa Cloud Connect underpins a new global agreement between Visa and TransferWise that will enable the expansion of TransferWise’s multi-currency debit cards in Asia Pacific, Europe, Latin America and the Caribbean, the Middle East, U.K. and U.S. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210126006164/en/ The TransferWise multi-currency account allows consumers and businesses to hold and convert 55 currencies at the real exchange rate. The multi-currency debit card lets customers spend and withdraw directly from any of the currency balances. Expanding the offering into new markets would have previously required significant investment in local data centers, telecommunications infrastructure and spe
UserTesting Launches New Test Types and Interactive Visualization Capabilities to Bring Greater Customer Insight and Intuition to Businesses27.1.2021 03:00:00 CET | Press release
Collecting fast customer feedback has become mission-critical when competing in what is a very new and different business world. The ability to empathize with customers and understand how their buying behaviors have changed has never been more important than it is today. UserTesting, a leading provider of on-demand human insight, today announced several new capabilities designed to help companies meet the ever-evolving needs of their customers, with more test types that can give a greater understanding of how they organize and prioritize information, and interpret experiences. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210126005448/en/ UserTesting January Product Release 2021 (Graphic: Business Wire) The January 2021 Product Release includes new test types for both web and mobile experiences, plus interactive visualization capabilities in the form of click maps, designed to reduce the amount of time it takes to review an