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The company was acquired by Mitel Networks Corporation in 2015 to create Mitel Mobility. Ranzure Networks, a startup focused on developing 5G cloud-based radio access network technology. How it came together: In mid-2016, Xura was acquired by affiliates of Siris Capital Group in a deal that valued the company at approximately $643 million. [5]
Prior to 2022, Stratus Technologies, Inc. was a privately held company, owned solely by Siris Capital Group. The parent company, Stratus Technologies Bermuda Holdings, Ltd., was incorporated in Bermuda. In 2022, the company was acquired by Smart Global Holdings (SGH) and currently operates within SGH's Intelligent Platform Solutions (IPS) business.
[6] [7] The company began trading as DRIV on the Nasdaq stock exchange on August 11, 1998. [7] Joel Ronning stepped down as CEO in November 2012 after the company reported multiple quarters of losses. [6] [8] [3] In February 2013, Dave Dobson was named CEO. [9] In late 2014, Siris Capital acquired the company for $840 million. [10]
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The company was the subject of an initial public offering in October 2015. [4] In July 2017 it announced the acquisition of the share registration business of Wells Fargo. [5] On 30 July 2020, the company announced its intention to rebrand as "EQ". [6] In April 2021 Siris Capital made an offer worth £661 million for the company. [7]
Travelport Worldwide Ltd said on Monday that buyout firms Siris Capital Group and Elliott Management will take it private for $4.4 billion, ending an eight-month effort by activist investor ...
In April 2019, EFI announced that it had entered into a definitive agreement to be acquired by Siris Capital Group, LLC in an all-cash transaction valued at approximately $1.7 billion. [6] In January 2022, the company completed the sale of its eProductivity Software print and packaging software business to Symphony Technology Group. [7]
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