News

New York, November 20, 2017 – Siris Capital Group, LLC (“Siris”), a leading private equity firm focused on making control investments in data, telecommunications, technology and technology-enabled business service companies, today announced that John Swainson, most recently president of the Dell Software group, has joined Siris as an executive partner.  In his new role, Mr. Swainson will work closely with Siris’ investment professionals and other executive partners to identify and validate potential investment opportunities for Siris as well as assist in the oversight and operations of Siris’ portfolio companies.

With over 30 years of industry experience and senior leadership roles at global corporations, Mr. Swainson brings a wealth of knowledge and expertise in the enterprise technology software sector.  In his most recent role at Dell, Mr. Swainson was tasked with creating and running an enterprise software division inside of the company.  During his tenure there, through a combination of strategic acquisitions and organic growth, Mr. Swainson and his team created a $1.5 billion software organization of 6,000 people that strongly complemented Dell’s corporate strategy.

Frank Baker, Co-Founder of Siris Capital, commented, “John is a highly accomplished leader in the enterprise technology software space, and a natural fit for our existing team of executive partners.  For over 30 years, he has helped guide companies into their next phase of innovation and development, and we are confident that he will continue to deliver strategic guidance and operational excellence to our portfolio companies.”

Prior to joining Dell, Mr. Swainson was a senior advisor to a large technology focused private equity firm, and before that served as CEO and Director of CA Inc., a Fortune 500 enterprise software company, from early 2005 to the end of 2009.  Before his time at CA, he worked for IBM Corp for over 26 years, where he held various management positions in the United States and Canada, including for seven years as the General Manager of the WebSphere Middleware Division, a business he founded in 1997. Mr. Swainson also ran the IBM worldwide software sales organization, and held a number of senior engineering, marketing and sales management roles.

Mr. Swainson has a bachelor’s degree in Applied Science (mineral engineering) from the University of British Columbia, Canada.  He has attended numerous executive education programs over the past 30 years, including the Wharton International Fellows programs and various programs at Harvard, such as The New CEO Workshop and Building Better Boards.

Mr. Swainson joins a team of seasoned executive partners who have, on average, over 20 years of technology, telecommunications or technology-enabled business services industry experience.

Executive partners provide invaluable sourcing and due diligence assistance to investment opportunities and help direct operational improvements post investment.

About Siris Capital Group

Siris Capital is a leading private equity firm focused on making control investments in data, telecommunications, technology and technology-enabled business service companies in North America.  Integral to Siris’ investment approach is its partnership with exceptional senior operating executives, or Executive Partners, who work with Siris to identify, validate and operate investment opportunities.  Their significant involvement allows Siris to partner with management to add value both operationally and strategically.  To learn more, visit us at www.siriscapital.com.

Media Contact:

Dana Gorman

Abernathy MacGregor

(212) 371-5999

NEW YORK, November 14, 2017 – Siris Capital Group, LLC (“Siris”) today announced that investment funds affiliated with Siris have completed the previously disclosed acquisition of Intralinks Holdings, Inc. (“Intralinks”) from Synchronoss Technologies, Inc. (“Synchronoss”) (NASDAQ: SNCR).

Leif O’Leary, the new Chief Executive Officer of Intralinks, commented: “Today marks our return as an independent company, and we are excited and energized to partner with Siris to attack the many opportunities before us. The newly refocused Intralinks is already writing the next chapter in our history with investments in a new user interface and Artificial Intelligence integrated into our platform. This is proof that we remain committed to accelerating our growth and innovation strategies. We are well positioned to execute our standalone strategic plan and continue delivering our solutions to the global banking, deal making and capital markets communities.”

Al Zollar, executive partner at Siris, commented: “Under the leadership of Leif and his executive team, I am confident that Intralinks will thrive in its next phase of growth. For more than 20 years, Intralinks has been an industry leader and innovator, and today is the next step in the company’s long and proud history in the secure enterprise collaboration space. I know that Siris is excited to welcome Intralinks to the Siris portfolio.”

As previously disclosed on October 17, 2017, and under the terms of a separate definitive agreement, investment funds affiliated with Siris agreed to make an investment in convertible preferred equity of Synchronoss in an amount of $185 million, subject to the terms and conditions of that agreement, which Synchronoss has previously publicly filed. Subject to satisfaction of the closing conditions in that agreement, this investment is expected to be completed in the first quarter of 2018.

Financing and Advisors

Equity financing was provided by investment funds affiliated with Siris and certain co-investors. Debt financing for the Intralinks transaction was arranged by RBC Capital Markets, Golub Capital and Macquarie Capital. Evercore, Macquarie Capital and Moelis & Company LLC acted as financial advisors to Siris. Wachtell, Lipton, Rosen & Katz acted as corporate counsel to Siris and Greenberg Traurig, LLP acted as financing counsel to Siris in connection with the transactions.

About Intralinks, Inc. | Intralinks

Intralinks is a leading financial technology provider for the global banking, deal making and capital markets communities. As pioneers of the virtual data room, Intralinks enables and secures the flow of information facilitating strategic initiatives such as mergers and acquisitions, capital raising and investor reporting. In its 20-year history Intralinks has earned the trust and business of more than 99 percent of the Global Fortune 1000 and has executed over $34.7 trillion worth of financial transactions on its platform. For more information, visit www.intralinks.com.

About Siris Capital Group, LLC | Siris Capital

Siris is a leading private equity firm focused on making control investments in data, telecommunications, technology and technology-enabled business service companies. Integral to Siris’ investment approach is its partnership with exceptional senior operating executives, or Executive Partners, who work with
Siris to identify, validate and operate investment opportunities. Their significant involvement allows Siris to partner with management to add value both operationally and strategically. To learn more, visit us at www.siriscapital.com.

Forward-Looking Statements

This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, including with respect to the proposed transactions between Siris and Synchronoss, including statements regarding the benefits of the proposed transactions and the anticipated timing of the proposed transactions. Forward-looking statements can be generally identified by the use of words such as “may,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “intends,” “continue” or similar terminology. These statements reflect only Siris’ current expectations and are not guarantees of future performance or results. These statements are subject to various risks and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statements. These risks and uncertainties include, but are not limited to, the effect of the announcement or pendency of the proposed transactions on Intralinks’s business relationships, operating results, and business generally; the risk that revenue opportunities, cost savings, synergies and other anticipated benefits from the proposed transactions may not be fully realized or may take longer to realize than expected; and risks related to the equity and debt financing entered into in connection with the proposed transactions. These forward-looking statements speak only as of the date on which the statements were made. Siris undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

Media Contact:

Dana Gorman

Abernathy MacGregor

(212) 371-5999

• Transactions to Enable Intralinks and Synchronoss to Focus on Core Competencies and Execution of Strategic Objectives as Separately Capitalized Businesses
• Intralinks to Become an Independent, Privately Owned Portfolio Company of Siris Capital Focused Exclusively on Serving Financial Services and Enterprise Customers with Virtual Data Room and Highly Secure Collaboration Solutions
• Synchronoss to Remain Publicly Traded and Focus Exclusively on the Communications and Media Business
• Leif O’Leary, Current Executive Vice President of Strategic Financials at Synchronoss, Expected to Serve as CEO of Intralinks Upon Completion of the Acquisition
• Acquisition of Intralinks Expected to Close in mid-November 2017; Siris Investment in Synchronoss Expected to Close in the First Quarter of 2018

NEW YORK, October 17, 2017 – Siris Capital Group, LLC (“Siris”) today announced that investment funds affiliated with Siris have entered into a definitive agreement to acquire 100% of the common stock of Intralinks Holdings, Inc. (“Intralinks”), a global leader for secure data sharing and enterprise collaboration solutions and a wholly owned subsidiary of Synchronoss Technologies, Inc. (“Synchronoss”) (NASDAQ: SNCR), a leading provider of cloud-based, white-label software solutions for communications and media companies. Investment funds affiliated with Siris have also entered into a definitive agreement to make an investment in convertible preferred equity of Synchronoss.

Under the terms of the agreements, investment funds affiliated with Siris will acquire all of the stock of Intralinks for approximately $1 billion in consideration and Intralinks will become an independent, privately owned portfolio company of investment funds affiliated with Siris.

Under the terms of the agreements, investment funds affiliated with Siris will make an investment in convertible preferred equity of Synchronoss in an amount of $185 million.  Siris’ investment would initially be convertible into approximately 19.8% of Synchronoss’s common stock and would involve certain approval and governance rights, including with respect to the composition of the board as well as certain consent rights relating to the company.

Acquisition of Intralinks

Intralinks is a leading global provider of cloud-based virtual data room and highly secure team collaboration solutions to financial institutions and enterprises. Intralinks delivers a mission-critical product offering to some of the largest financial services companies in the world and is well-positioned to meet the needs of major banks and other corporations in highly regulated industries seeking to automate document-centric, collaborative workflows. Following consummation of the acquisition, Intralinks will be an independent, privately owned portfolio company of investment funds affiliated with Siris.

Leif O’Leary, the current Executive Vice President of Strategic Financials for Synchronoss, is expected to assume the role of Chief Executive Officer of Intralinks following the consummation of the Intralinks acquisition. Mr. O’Leary joined Intralinks in 2013 and, prior to Synchronoss’s acquisition of the company in January 2017, served as Executive Vice President of Worldwide Sales and Services at Intralinks. Mr. O’Leary brings to the CEO position deep operating experience at Intralinks and nearly 25 years of relevant B2B industry experience.

Al Zollar, executive partner at Siris, commented on the acquisition of Intralinks and the pending CEO appointment of Mr. O’Leary: “Intralinks has been a leader, innovator, and trusted partner in secure enterprise collaboration for over 20 years, with the product capabilities, scale, and expertise to serve the demanding and evolving needs of large financial services and enterprise customers worldwide. Looking to the future, Siris sees great talent and potential within the organization, and is excited to partner with Intralinks to support and accelerate the company’s mission to solve its customers’ data sharing and collaboration needs. I have utmost confidence in Leif’s ability to lead Intralinks through this next chapter of focused growth and innovation.”

Mr. O’Leary commented: “I am honored to have the opportunity to lead a refocused and reenergized Intralinks as we start this new and exciting chapter of our evolution. By reemerging as a standalone company, we will enhance and accelerate our growth and deliver more value to our customers, partners, and employees. Siris is the ideal partner for a number of reasons: it has deep domain expertise in enterprise communications and collaboration, a strong deal-making pedigree and first-hand financial services experience, a strong operational focus, and a shared commitment to customer enablement and success. All these qualities make Siris a natural strategic and financial partner for Intralinks.”

The Intralinks transaction is subject to specified closing conditions, including the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act and other foreign antitrust regulatory approvals. Upon completion of the acquisition of Intralinks, which is expected to be consummated in mid-November 2017, Intralinks will become wholly owned by investment funds affiliated with Siris.

Investment in Synchronoss

Synchronoss is a leading provider of cloud-based, white-label software solutions to communications and media companies. Synchronoss’s solutions help improve the subscriber experience, enhance subscriber monetization, and reduce operating costs for mobile operators. The transaction with Siris, an experienced investor in the telecommunications sector, will enable Synchronoss to refocus its operations and strategy on its core market and help the company preserve financial flexibility to drive sustainable growth.

Kai Oistamo, executive partner at Siris, stated: “Siris’ investment in Synchronoss is consistent with the firm’s strategy of investing in companies that deliver mission-critical solutions and maintain deeply embedded and trusted customer relationships. It is a strong validation of Synchronoss’s solid business and market fundamentals, and will support a refocused strategy dedicated exclusively to communications and media companies following the divestiture of Intralinks. Siris’ investment in Synchronoss, combined with the acquisition of Intralinks, will allow each company to focus on its respective products, customers, operations, and the promising market opportunities that lie ahead.”

The investment in Synchronoss is subject to specified closing conditions, including the closing of the sale of Intralinks, the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act and other foreign antitrust regulatory approvals, as well as certain other regulatory conditions.  The investment is expected to be consummated in the first quarter of 2018.

Financing and Advisors

Equity financing will be provided by investment funds affiliated with Siris and certain co-investors. Committed debt financing for the Intralinks transaction will be provided by RBC Capital Markets, Golub Capital, and Macquarie Capital. Evercore, Macquarie Capital, Moelis & Company LLC, and RBC Capital Markets are acting as financial advisors to Siris. Wachtell, Lipton, Rosen & Katz is acting as corporate counsel to Siris and Greenberg Traurig, LLP is acting as financing counsel to Siris in connection with the transactions.

Goldman Sachs & Co. and PJT Partners are acting as financial advisors and Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP is acting as legal advisor to Synchronoss in connection with the transactions.

For further information regarding the terms and conditions contained in the definitive merger agreement, please see Synchronoss’s Current Report on Form 8-K, which will be filed in connection with this transaction.

About Intralinks, Inc. | Intralinks

Intralinks supports high-stakes financial transactions, partnership negotiations and strategic initiatives across the globe. With over $34 trillion worth of financial transactions executed on its platform, Intralinks supports the entire deal lifecycle by streamlining operations, reducing risk, improving client experience, increasing visibility and better engaging deal participants. In its 20-year history Intralinks has earned the trust and business of more than 99 percent of the Global Fortune 1000. For more information, visit www.intralinks.com.

About Synchronoss Technologies, Inc. | Synchronoss

Synchronoss (NASDAQ: SNCR) is an innovative software company that helps communications and media companies realize and execute their goals for mobile transformation now. Its simple, powerful and flexible solutions serve millions of mobile subscribers and a large portion of the Fortune 500 worldwide today. For more information, visit www.synchronoss.com.

About Siris Capital Group, LLC | Siris Capital

Siris is a leading private equity firm focused on making control investments in data, telecommunications, technology and technology-enabled business service companies. Integral to Siris’ investment approach is its partnership with exceptional senior operating executives, or Executive Partners, who work with Siris to identify, validate and operate investment opportunities. Their significant involvement allows Siris to partner with management to add value both operationally and strategically. To learn more, visit us at www.siriscapital.com.

Forward-Looking Statements

This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, including with respect to the proposed transactions between Siris and Synchronoss, including statements regarding the benefits of the proposed transactions and the anticipated timing of the proposed transactions.  Forward-looking statements can be generally identified by the use of words such as “may,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “intends,” “continue” or similar terminology.  These statements reflect only Siris’ current expectations and are not guarantees of future performance or results.  These statements are subject to various risks and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statements.  These risks and uncertainties include, but are not limited to, the risk that the proposed transactions may not be completed in a timely manner, or at all (including that one closes but not the other); the failure to satisfy the conditions to the consummation of the proposed transactions, including the risk that a regulatory approval that may be required for the proposed transactions is not obtained, or could only be obtained subject to conditions that are not anticipated; the occurrence of any event, change or other circumstance that could give rise to the termination of the proposed transaction agreements; the effect of the announcement or pendency of the proposed transactions on Synchronoss’s business relationships, operating results, and business generally; the risk that revenue opportunities, cost savings, synergies and other anticipated benefits from the proposed transactions may not be fully realized or may take longer to realize than expected; risks related to the equity and debt financing and related guarantee arrangements entered into in connection with the proposed transactions; risks regarding the failure to obtain the necessary financing to complete the proposed transactions; risks that the proposed transactions disrupt current plans and operations of Synchronoss; risks related to diverting management’s attention from Synchronoss’s ongoing business operations; risks related to the outcome of any legal proceedings that may be instituted against Synchronoss, its officers or directors related to the proposed transactions; risks related to the cost and outcome of any other pending and future litigations or investigations; and risks related to the ongoing and uncompleted nature of the Synchronoss’s accounting review.  Synchronoss is also subject to other risk factors described in documents filed by the Company with the United States Securities and Exchange Commission (“SEC”).  These forward-looking statements speak only as of the date on which the statements were made. Siris undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

Media Contact:

Dana Gorman

Abernathy MacGregor

(212) 371-5999

• Acquisition will further strengthen Pulse Secure’s leadership position in Secure Access Solutions by adding a virtual ADC portfolio with software and virtualization capabilities supporting hybrid IT and Cloud deployments
• Pulse Secure forms new vADC business unit to be led by industry veteran Marion Smith
• Existing and new vADC customers to enjoy expanded support and R&D coverage

SAN JOSE, CA – AUGUST 1st 2017 – Pulse Secure, LLC (“Pulse Secure”), a leading provider of secure access solutions to both enterprises and service providers, today announced that it has completed the acquisition of assets associated with the Virtual Application Delivery Controller (vADC) product family from Brocade Communications Systems, Inc. (“Brocade”).

The transaction includes a leased research and development facility in Cambridge, UK and associated customer support and maintenance contracts. The acquisition adds significant new capabilities to the Pulse Secure Access Platform offering a complete end-to-end Secure Access solution designed to reduce cost and complexity, increase security, and delight users.

“This acquisition is not only about adding great products to our Secure Access platform, it’s about gaining an outstanding team who are seasoned in the vADC industry,” said Sudhakar Ramakrishna, CEO of Pulse Secure. “Combining the vADC group with our existing Pulse team, we are truly a force to be reckoned with when it comes to Secure Access solutions for people, devices, things and services.”

Originally created as the world’s first fully virtualised application delivery controller, the Brocade vADC solution has become one of the most advanced virtual application delivery controllers in the market today. The solution can be quickly and easily provisioned either on premise, in a private/public cloud, or even through cloud service marketplaces such as AWS, Google, and Azure. The Brocade vADC offering is recognized within the Gartner Magic Quadrant for Application Delivery Controllers and is used by many organizations worldwide.

Joining the Pulse Secure team as VP and General Manager of the vADC business unit, Marion Smith said, “Today, the vADC team starts to write a new chapter in the life of a product we love. This is the next big step in the exciting journey of building the best vADC on the market. We are now settling in to our new home at Pulse Secure and look forward to the new opportunities that vADC combined with the Pulse Secure portfolio will bring.”

Pulse Secure has hired a number of Brocade employees associated with the vADC business who will be working closely together with Pulse Secure to ensure uninterrupted support for existing vADC customers.

To learn more about Pulse Secure’s vADC solutions, visit http://www.pulsesecure.net/vadc

For existing customers and partners, visit https://www.pulsesecure.net/vadc/transition

About Pulse Secure

Pulse Secure, LLC is a leading provider of secure access solutions to both enterprises and service providers. Enterprises from every vertical and of all sizes utilize the company’s virtual private network (VPN), network access control (NAC), virtual application delivery controller and mobile security products to enable end-user mobility securely and seamlessly in their organizations. Pulse Secure was formed in 2014 from Juniper Networks’ Junos Pulse business. Pulse Secure’s mission is to deliver secure access solutions for people, devices, things, and services. www.pulsesecure.net

Follow us at @PulseSecure on Twitter or visit us on LinkedIn and Facebook.

Pulse Secure Media Contact:

Anne Harding

The Message Machine

P: +44 7887 682943

E: anne@themessagemachine.com

Expands Mavenir’s 5G Reach into Private LTE and IoT

RICHARDSON, TX, July 31, 2017 — Mavenir Systems, Inc. (“Mavenir”) the leader in accelerating and redefining network transformation for Communication Service Providers (CSPs), announced today that it has acquired assets associated with the Virtual Evolved Packet Core (vEPC) product family from Brocade Communications Systems, Inc. (“Brocade”). This acquisition extends Mavenir’s leadership in network transformation and enhances its next-generation core network with a feature-rich, virtualized evolved packet core, expanded customer base, and advanced network slicing capabilities important to 5G architectures. The transaction includes all associated Intellectual Property (IP) including 22 granted and pending patents, a research and development facility in Mumbai, India and associated customer support and maintenance contracts.

The explosive growth of mobile data combined with emerging machine-to-machine (M2M) and Internet of Things (IoT) connectivity means that mobile operators need native virtualization solutions now after having seen that the node based ported virtualization fails to create flexible, scalable, and easy-to-deploy packet cores. Brocade’s highly-differentiated vEPC solution has unique architectural attributes that leverage cloud computing, network virtualization, and software networking technologies to deliver higher scale and efficiency on industry-standard x86-based servers. The software can scale from a single microprocessing core to a rack of servers depending on the use case as it maps dimensions of mobile workload independently to cloud resources, while maintaining the capability to integrate with traditional node-based EPC architectures.

Combined with Mavenir’s existing Network Functions Virtualization (NFV) and software-defined networking (SDN) offerings, the vEPC is a key part of a mobile edge computing and IOT strategy.  Supporting low-latency use cases at the network edge enables service providers and enterprises to connect mobile and IoT devices, data centers, and public or private clouds.

“We are building a 5G architecture with control plane-user plane separation and stateless VNFs.  The small footprint, combined with a highly scalable architecture and built-in HSS, is ideal for Fixed Wireless Access (FWA), private LTE and industrial IoT spaces,” said Ashok Khuntia, GM and EVP of Mavenir’s Access Products division. “When bundled with our virtualized radio access network product, Mavenir offers a complete, fully virtualized end-to-end next generation core and access network.”

“As the industry transitions towards LTE and 5G, there is a critical and growing requirement for a new, more distributed network architecture and that includes a flexible, microservices-based EPC that allows for the independent scaling of control, data and users in response to different workloads. It provides inherent capability for network slicing,” said Pardeep Kohli, President and CEO of Mavenir. “We aim to be a key provider of next-generation network services, with a path to 5G and edge computing for our customers.”

Kohli added, “With this acquisition, Mavenir continues to deliver the innovation and differentiated services that customers expect from us.”

In connection with the transaction, Mavenir is hiring certain Brocade employees associated with the vEPC business. This team will be working closely together with Mavenir to support customers of Brocade vEPC as well as deliver differentiable end-to-end solutions in future to ensure continued support for customers.

Financial terms of the transaction were not disclosed.

About Mavenir:

Mavenir is the leader in accelerating and redefining network transformation for Service Providers, by offering a comprehensive product portfolio across every layer of the network infrastructure stack. From 4G and 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.

Through its industry first VoLTE, VoWiFi, Advanced Messaging (RCS), Multi-ID, Visual Voicemail and Cloud RAN solutions, and serving 350+ CSPs across 3.5 billion subscribers, Mavenir’s platform enables Service Providers to successfully deliver their next generation vision today and realize new revenue streams and operational efficiencies. www.mavenir.com.

Media Contact:

Maryvonne Tubb

pr@mavenir.com

+1 972 333 7282

NEW YORK — July 17, 2017 – Digital River, Inc., a leading global provider of Commerce-as-a-Service solutions and a portfolio company of Siris Capital Group, LLC, has entered into an agreement to divest Digital River World Payments (DRWP), its online payment solutions division, to Worldline (Euronext: WLN). Worldline [Euronext: WLN] is an Atos company and the European leader in the payments and transactional services industry.

Financial terms of the transaction were not disclosed. The transaction is expected to close by the end of the third quarter of 2017, and is subject to regulatory approval and other customary closing conditions.

About Digital River World Payments
Backed by nearly 20 years of experience, Digital River World Payments (DRWP) is a leading provider of global online payment solutions. Powered by a robust ecommerce payments platform, its solutions support payment activities across more than 170 countries and 140 payment methods – covering global card schemes along with locally relevant brands and payment networks. DRWP delivers significant value across the full transaction lifecycle while empowering merchants with a single streamlined user interface. Irrespective of their markets, payment methods, or acquiring bank connections, merchants benefit from consolidated reporting, analytics, and reconciliation as well as complete back-office integration. To learn more about DRWP, visit http://www.drwp.io/.

About Digital River, Inc.
Backed by 20 years of ecommerce experience, Digital River is recognized as a leading global provider of Commerce-as-a-Service solutions. Companies of all sizes rely on Digital River’s cloud-based commerce, payments and marketing services to manage and grow their online businesses. Through these services, Digital River connects B2B and B2C digital products companies and branded manufacturers with buyers across multiple devices and channels, and nearly every country in the world.

Digital River is headquartered in Minneapolis with offices across the U.S., Asia, Europe and South America. For more details about Digital River, visit the corporate website, read the Digital River Blog, follow the company on Twitter or call +1 952-253-1234.

• Transaction will further strengthen Pulse Secure’s leadership position in Secure Access Solutions by adding a virtual ADC portfolio with software and virtualization capabilities supporting hybrid IT and Cloud deployments
• Will enable delivery of an enhanced and expanded set of offerings to the 20,000+ Pulse Secure customer installed base
• Existing and new vADC customers will enjoy expanded support and R&D coverage

SAN JOSE, CA – JUNE 1, 2017 – An affiliate of Pulse Secure, LLC (“Pulse Secure”), a leading provider of secure access solutions to both enterprises and service providers, today announced that it has entered into a definitive agreement to acquire assets associated with the Virtual Application Delivery Controller (vADC) product family from Brocade Communications Systems, Inc. (“Brocade”). The transaction includes a leased research and development facility in Cambridge, UK and associated customer support and maintenance contracts.

CIOs have become increasingly concerned with the complexity, cost, and security of providing users with Secure Access to the resources they need, especially as applications have evolved from on premise to virtualized, hybrid, mobile, and web/cloud environments, combined with an explosion in device types and access locations. This acquisition will add significant new capabilities to the Pulse Secure Access Platform, allowing Pulse Secure to deliver a complete end-to-end solution designed to reduce cost and complexity, increase security, and delight users.

Originally created as the world’s first fully virtualised application delivery controller, the Brocade vADC solution has become one of the most advanced virtual application delivery controllers in the market today. Importantly, the solution was “born virtual” and is a leader in the rapidly growing virtual ADC market. The solution can be quickly and easily provisioned either on premise, in a private/public cloud, or even through cloud service marketplaces such as AWS, Google, and Azure. The Brocade vADC offering is recognized within the Gartner Magic Quadrant for Application Delivery Controllers and is used by many organizations worldwide.

“This acquisition highlights our focus, commitment, and ongoing investment in building the industry’s leading secure access platform. The combined company’s nearly 750 employees post-acquisition will be uniquely focused on delivering secure access for people, devices, things, and services,” said Sudhakar Ramakrishna, CEO of Pulse Secure. “With the addition of Brocade’s vADC solutions, Pulse Secure will be able to deliver secure access to a complete customer application portfolio, from legacy data center applications, to web, cloud, and even mobile applications. We anticipate immediate synergies with our 20,000+ customers today, and we’ll be offering them this expanded capability via our global partner network.”

Kelly Herrell, senior vice president and general manager of software networking at Brocade, said, “Pulse Secure is a great fit for our vADC business and a positive outcome for our employees, customers and partners. Our vADC family is highly complementary to Pulse Secure’s current portfolio, and is expected to enhance Pulse’s capability to deliver a complete end-to-end secure access solution. Upon the close of the transaction, our customers and partners will benefit from access to a broader set of products, as well as Pulse Secure’s planned continued investment in our vADC product roadmap, and its stated commitment to continued support for our existing product lines.”

Rik Turner, a principal analyst on the infrastructure solutions team at Ovum Consulting, commented, “This is a logical move for Pulse, in that it fills out their portfolio and enables them to address more of the customers’ requirements. It also chimes nicely with their overall Secure Access message.”

Pulse Secure intends to hire certain Brocade employees associated with the vADC business. This team will be working closely together with Pulse Secure after the acquisition closes to ensure continued support for customers.

Financial terms of the transaction were not disclosed. The transaction is expected to close in late June to mid-July 2017, subject to the satisfaction or waiver of customary closing conditions and prior to the closing of the previously announced acquisition of Brocade by Broadcom Limited.

Pulse Secure leadership are available for press and analyst briefings.

For more details, please visit our blog.

About Pulse Secure

Pulse Secure, LLC is a leading provider of secure access solutions to both enterprises and service providers. Enterprises from every vertical and of all sizes utilize the company’s virtual private network (VPN), network access control (NAC) and mobile security products to enable end-user mobility securely and seamlessly in their organizations. Pulse Secure was formed in 2014 from Juniper Networks’ Junos Pulse business. Pulse Secure’s mission is to deliver secure access solutions for people, devices, things, and services. www.pulsesecure.net

Follow us at @PulseSecure on Twitter or visit us on LinkedIn and Facebook.

Pulse Secure Media Contact:

Anne Harding
The Message Machine
P: +44 7887 682943
E: anne@themessagemachine.com

Mavenir Positioned to Lead Innovation in 5G Ready Network Solutions

• Mitel Mobile, Xura and Ranzure Networks have combined to form the “new” Mavenir
• Xura’s CEO, Pardeep Kohli, formerly CEO of Mitel Mobile’s predecessor (also named Mavenir Systems) will lead the new Mavenir
• The transaction underscores Mavenir’s commitment to providing best-in-class, cloud-proven 5G and IoT ready network solutions to Communications Service Providers (“CSPs”), helping them drive service differentiation and industry innovation

RICHARDSON, TX, February 28, 2017 — Today affiliates of Siris Capital Group, LLC (“Siris Capital” or “Siris”) and Xura, Inc. (“Xura”) announced the completion of the acquisition of Mitel Mobility, Inc. (“Mitel Mobile”), a division of Mitel Networks Corporation (“Mitel”, Nasdaq: MITL, TSX: MNW). This announcement follows the completion of Xura’s acquisition of Ranzure Networks, Inc. (“Ranzure”) on February 1, 2017, and the previously announced divestiture of Xura’s non-core enterprise messaging business (Xura Secure Communications, GmbH) on February 17, 2017. The transactions position the new Mavenir as a 100% carrier-focused solutions provider with a “future proof” and 5G ready software-based portfolio across every layer of the mobile network infrastructure stack. Mavenir will be headquarted in Richardson, Texas and led by Xura’s CEO, Pardeep Kohli.

Pardeep Kohli, President and CEO of Mavenir, commented:

“The completion of these transactions to form the new Mavenir represents a significant milestone in the evolution of Xura, Mitel Mobile, and Ranzure. These transactions bring together three complementary companies to establish a new industry leader that is singularly focused on accelerating and redefining network transformation for service providers. We are delighted to move forward as one company with a strong and shared commitment to customer enablement and success.”

The New Mavenir Systems, Inc.

The new Mavenir positions itself as an industry leader in cloud-proven, NFV, SDN, and 5G ready software-based solutions across every layer of the network infrastructure stack, helping CSPs drive revenues and operating efficiencies by enabling increased network optimization, flexibility and scalability. Mavenir offers a comprehensive, fully-virtualized solution set across Voice-over-LTE (“VoLTE”), Voice-over-WiFi (“VoWiFi”), video, voicemail, advanced messaging, security, radio access network, and packet core. With its broad and complementary solutions offering, Mavenir will enable customers to focus on service innovation and monetization, while delivering the optimization to handle the next wave of exponential traffic growth from 5G and Internet of Things (“IoT”) applications and services.

Hubert de Pesquidoux, the executive chairman of Mavenir and executive partner at Siris Capital, commented:

“Today is the first of many exciting days for our newly established company. In the coming weeks and months, we look forward to integrating the businesses and moving forward as a single team dedicated to delivering on the promise of our technology and innovation. With a fully-virtualized, cloud-proven and 5G ready product portfolio, an accomplished leadership team, a deep technical bench, a cadre of over 2,000 dedicated employees worldwide, and the firm support of Siris Capital, the new Mavenir is well-positioned to bring the next wave of mobile network solutions to market and help transform the digital communications industry.”

Concluding, Pardeep Kohli said:

“Both Xura and Mitel Mobile have enduring track records of market-leading innovation and customer commitment, providing a solid foundation to realize Mavenir’s mission of partnering with its customers to deliver tomorrow’s vision today. I am honored and excited to lead the new Mavenir, and I look forward to working collaboratively with our customers as they transform their networks and bring differentiated services and solutions to market.”

– Ends –

About Mavenir Systems, Inc. | Mavenir

As a trusted partner, Mavenir accelerates and redefines network transformation for service providers. By offering a comprehensive product portfolio across every layer of the network infrastructure stack — from 5G application/service layer to the RAN and packet core – Mavenir leads the way in evolved, cloud-proven networking solutions enabling innovative and secure new experiences for end users. Through its industry first VoLTE, VoWiFi, Advanced Messaging and Cloud RAN solutions, Mavenir’s platform enables service providers to successfully deliver tomorrow’s vision today and realize new revenue streams and operating efficiencies. www.mavenir.com

About Siris Capital Group, LLC | Siris Capital

Siris Capital is a leading private equity firm focused on making control investments in data, telecommunications, technology and technology-enabled business service companies. Integral to Siris’ investment approach is its partnership with exceptional senior operating executives, or Executive Partners, who work with Siris to identify, validate and operate investment opportunities. Their significant involvement allows Siris to partner with management to add value both operationally and strategically. To learn more, visit us at www.siriscapital.com.

STOCKHOLM, February 21, 2017 /PRNewswire/ —

CLX Communications AB (Publ)(“CLX”), (STO: CLX) a leading global provider of cloud-based communications services, announces that it has acquired Xura Secure Communications GmbH (“Xura Secure Communications”), a subsidiary of Xura Inc., a leading global provider of digital communications services.

Johan Hedberg, President and CEO of CLX, commented: “Our vision is clear; we are planning to grow into the world’s largest and leading cloud communications company, and the acquisition of Xura Secure Communications is a further step in realizing our vision and at the same time strengthening our position in Germany, the largest economy in Europe.  The deal also adds market leading security solutions to our product portfolio and further increases our Network reach by gaining Tier 1 access to all operators in Austria and Germany. I am very excited to welcome the Xura Secure Communications team in Munich to the CLX family.”

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.

The transaction enables Xura Inc. to accelerate and enhance its core focus on delivering fully-virtualized, 5G-ready software solutions to its global customer base of communications service providers (CSPs).

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 CLX Communications

CLX Communications AB (Publ) connects enterprises to people and things. We combine programmable API’s and cloud computing with our unparalleled Tier 1 Super Network to make it easy for businesses to embed global communications, including voice, SMS and connectivity into their apps, business processes, and IoT devices.

Our leading communications Platform-as-a-Service (CPaaS) delivers one of the highest service levels in the industry while processing more than 1 billion API calls per month across six continents. We provide services to 4 of the top 5 CPaaS companies, and 3 of the top 5 global internet brands with Tier 1 connectivity on which many of their services rely.

CLX Communications’ shares are traded at NASDAQ Stockholm – XSTO: CLX.

Visit http://www.clxcommunications.com for more information.

About Xura Inc.

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 http://www.xura.com for more information.

For further information, please contact:

Thomas Ahlerup
Chief Investor Relations Officer
CLX Communications AB (Publ.)

Mobile +46-768-966300
E-mail thomas.ahlerup@clxcommunications.com

Maria Hudson
SVP, Head of Corporate Marketing
Xura Inc.

Mobile +44-(0)-789-4604040
E-mail maria.hudson@xura.com

ATLANTA, January 12, 2017 – PGi, the world’s largest dedicated provider of collaboration software and services, today announced that it has entered into a definitive agreement to acquire Denver-based ReadyTalk, a leading provider of cloud communications services, including audio, web and video conferencing, and self-service and managed webinar solutions.

“We have admired ReadyTalk for years. They are well-known for having great products built by great people with a strong commitment to the success of their customers and partners,” said Ted Schrafft, President and CEO, PGi. “ReadyTalk’s focus on mid-market customers and carrier partners aligns perfectly with PGi’s strategic and go-to-market priorities for 2017 and beyond. We are excited to welcome ReadyTalk to the growing PGi family later this month.”

ReadyTalk was founded in 2001 and, today, provides collaboration software and services to more than 6,000 small- and mid-sized businesses. Like PGi, ReadyTalk has differentiated its brand in a competitive market by combining intuitive, innovative technology with unmatched customer service. ReadyTalk’s product suite is designed with partners in mind, with full white labelling capabilities. Its business is built to provide end-to-end service and support to telecommunications service providers, which supports PGi’s strategic priority to leverage carriers as an increasingly important part of its distribution strategy.

“ReadyTalk is committed to providing outstanding collaboration experiences for our customers and partners,” said Dan King, CEO, ReadyTalk. “We’re excited to come together with PGi to forge a world-class user experience and to provide unmatched service excellence and product innovation in the UC&C space.”

Subject to customary closing conditions, the transaction is expected to close at the end of the month.

Learn more about PGi at www.PGi.com and ReadyTalk at www.ReadyTalk.com.

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All trademarks referred to in this release are the property of their respective owners.

About Premiere Global Services, Inc. │ PGi
PGi is the world’s largest dedicated provider of collaboration software and services. For more than 25 years, our broad portfolio of products has served the end-to-end collaboration needs of enterprises. Accessible anywhere, anytime and on any device, PGi’s award-winning collaboration solutions drive productivity and teamwork for approximately 50,000 customers around the world. To learn more, visit us at pgi.com.

About ReadyTalk

ReadyTalk delivers cloud communication services, including audio, video, web and voice conferencing as well as webinars, that inspire collaboration and improve communication for today’s digital and mobile workforce. By combining intuitive, innovative technology with unmatched customer service, ReadyTalk provides a seamless collaboration experience for anyone, across any device, platform or location. Everything you need, anywhere you are. ReadyTalk is headquartered in Denver, CO and was founded in 2001.

Media Contact:

Kayla Reed

PGi, Senior Manager, Public Relations & Social Media

E kayla.reed@pgi.com | P 404.262.8513