LONDON — 5G World Summit — With a hefty portion of the communications sector’s messaging system market already under its belt, Mavenir is seeking to build its business with the world’s mobile operators by providing a broad range of software-based core and access technologies that, it hopes, will double the size of its business.

Briefing industry analysts and the press in London last week, Mavenir Systems Inc. executives provided an update on the company’s portfolio and strategy and outlined how it hopes to build from the profitable $500 million turnover company it is today to become a $1 billion revenues vendor by 2022.

For many that might seem like wishful thinking, partly because Mavenir, after years of sometimes head-spinning M&A activity and name changes, is something of an unknown quantity. The most common question about the company is “What does Mavenir do exactly?”

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