London, UK – February 22, 2017
Woodside Capital Partners International LLC, a global, independent investment bank, announces it acted as the exclusive financial advisor to Xura Inc. (“Xura”), a leading global provider of digital communications services, on the sale of its enterprise division, Xura Secure Communications GmbH (“Xura Secure Communications”), to CLX Communications AB (Publ) (“CLX”), a leading global provider of cloud-based communications services.
Xura Secure Communications is one of Germany’s leading mobile messaging and secure communications companies, processing more than 500 million messages annually on behalf of market-leading customers in industries such as aviation and banking. Offering some of the highest security standards in Germany, Xura Secure Communications is listed as a preferred mobile transaction authentication number (mTAN) provider for Germany’s largest banking networks.
With this acquisition, CLX takes a leading position as one of the most innovative cloud communications companies in the world, and at the same time significantly strengthens its presence in Germany and adds to its blue-chip customer base. The Xura Secure Communications team based in Munich, Germany will be integrated into the global CLX organization.
Pardeep Kohli, CEO of Xura Inc., commented: “This is a unique opportunity that makes sense for both parties. This transaction, combined with our previously announced acquisitions of Mitel Mobile and Ranzure Networks, advances the transformation of Xura Inc. into a 100 percent carrier-focused solutions provider with a ‘future proof’ 5G-ready software portfolio. We can now enhance our focus on our core CSP customers, while CLX, with the acquisition of Xura Secure Communications, will ensure continuity and quality of service for Xura Secure Communications enterprise customers, who have come to rely on Xura for their secure messaging needs.”
About Xura
Xura Inc. (“Xura”) offers a portfolio of digital services solutions that enable global communications across a variety of mobile devices and platforms. Xura helps communication service providers (CSPs) navigate and monetise the digital ecosystem to create innovative, new experiences through cloud-based offerings. Xura solutions touch more than three billion people through 350+ service providers in 140+ countries.
Upon the completion of Xura’s previously announced acquisition of Mitel Mobility, Inc. (“Mitel Mobile”), expected in Q1 2017 and subject to customary closing conditions, the combined business will be renamed Mavenir Systems, Inc.
Visit www.xura.com for more information.
About Woodside Capital Partners
Woodside Capital Partners is a global, independent investment bank that delivers world-class strategic and financial advice to emerging growth companies in the technology sectors, as well as institutional technology research services marketed as techView. With a strong track record in M&A, strategic partnerships and private placements, Woodside Capital Partners has been providing worldwide investment banking services since 2001 with leading domain experience in software, Internet services, electronics, communications and materials. Securities transactions are offered through Woodside Capital Securities LLC, a registered broker-dealer and member of FINRA (www.finra.org) and SIPC (www.sipc.org), and through Woodside Capital Partners UK LLP, a financial services firm authorized and regulated by the FSA (www.fsa.gov.uk). Woodside Capital Partners International LLC, Woodside Capital Securities LLC, and Woodside Capital Partners UK LLP are affiliated companies. More info is available at www.woodsidecap.com.
NOTICE: No information herein is a recommendation that any particular individual should purchase or sell any particular security in any amount or at all, and is not a solicitation of any offer to purchase or sell from or to any particular individual.
Press Release Contact:
Per Selbekk
Woodside Capital Partners UK LLP
+44 7782325319