Mavenir buys VC-backed IP Access

Alessia Argentieri
29 September 2020

Tweet
Facebook
LinkedIn
Google plus
Send to

Mavenir Systems has acquired venture capital-backed IP Access, a UK-based provider of communication network servers.

Mavenir is a Texas-based company specialising in network software for communications service providers (CPS).

Following the deal, IP Access will operate as a business unit within Mavenir's emerging business group and is expected to develop strong synergies with Mavenir's openRAN, cloud core, edge and analytics suites.

Previous funding
Scottish Equity Partners led an £8.5m round for IP Access in 2006. Intel Capital Corporation and Rothschild & Cie Gestion also participated in the investment.

Amadeus Capital Partners backed the company leading a $10m round in 2007 and a growth capital funding round of $15m in December 2011, along with other investors including Cisco, Intel Capital, Qualcomm, Rothschild & Cie Gestion, Scottish Equity Partners and TE Connectivity.

Private equity and infrastructure fund manager Zouk Capital invested in IP Access in July 2015. The investment was used to fund the growth of the business and accelerate development of its next generation 2G/3G/4G multi-mode small cell products.

Company
Established in 1999, IP Access provides 2G, 3G, 4G and 5G-ready small cell servers and presence sensors.

The company has two primary lines of business: commercial communications networks deployed with service providers; and private networks deployed with system integrators for critical infrastructures, security and surveillance.

Headquartered in Cambridge, IP Access has deployed more than two million 2G, 3G and 4G small cells, across hundreds of commercial and private networks worldwide.

People
Mavenir Systems – Pardeep Kohli (CEO).
IP Access – Richard Staveley (CEO).