What is "xura"

Xura, Inc. (NASDAQ: MESG) is a technology company headquartered in Wakefield, Massachusetts, in the United States, that offers a portfolio of digital services that enable global communications across a variety of mobile devices and platforms. Xura markets and sells to communications service providers (CSPs) and to enterprises.

Xura, Inc. came into being on 9 September 2015, following Comverse Inc.'s acquisition of Acision on 6 August 2015. The new joint entity changed its name to Xura, Inc. The name 'Xura' was adapted from the word 'Aura'. Xura will also be renaming all Comverse and Acision subsidiaries.

On May 23, 2016, Xura announced agreement to be acquired by affiliates of Siris Capital Group for $25.00 per share in an all-cash deal valued at approximately $643 million.