Dear Valued Customer,
Exhibit 99.4
Dear Valued Customer,
I wanted to personally reach out to you, as you may have seen that this morning that we have entered into a definitive agreement to be acquired by affiliates of Siris Capital Group, LLC (“Siris”). I wanted to bring this to your attention to introduce Siris, explain why this will benefit you, our valued customers, and also ensure all your questions regarding this agreement are addressed. Following completion of the acquisition, and subject to the satisfaction of customary closing conditions, Xxxx will no longer be a publicly traded company. We expect the transaction will be completed in Xxxx’s third fiscal quarter.
Siris is a private equity firm based in New York that focuses exclusively on investments in data/telecommunications, technology and technology-enabled business services companies. Integral to Siris’ investment approach is its partnership with exceptional senior operating executives, or Executive Partners, who partner with management teams to drive strategic and operational initiatives. The lead Siris Executive Partners that will work with us going forward are Xxxxxx xx Xxxxxxxxxx (formerly CFO and President of Enterprise during a 20 year career at Alcatel Lucent) and Xxx Xxxxxxx (former Chief Development Officer and General Manager of Mobile Phones during a 24 year career at Nokia). Importantly, Siris has an extensive history of successfully operating businesses that provide mission-critical products to CSPs and understands that continued investment and customer partnerships are instrumental to delivering world-class solutions.
Given its strategy and track-record, I view Siris as a like-minded partner that has a deep appreciation for the important role Xxxx plays in supporting its customers and is committed to ensuring we continue to enable best-in-class messaging, voicemail, security and monetization solutions. Furthermore, the investment is a strong endorsement of our leadership in the digital communications market, including the quality and breadth of our product portfolio, our strategic positioning and, most importantly for our collective long-term success, and deep commitment to our customers.
The Xura Executive Team believes the combination of a private setting and the substantial industry and financial resources of Siris will significantly enhance our ability to deliver value to you.
• | Transformation - accelerate our strategic transformation to become a more focused Company |
• | Investment - invest in product development and go-to-market initiatives to drive continuous innovation and expand market reach |
• | Flexibility - efficiently react to changing market dynamics to extend industry leadership |
As we work to complete this transaction, Xxxx is still Xxxx, and our commercial relationship will be “business-as-usual”. We remain committed to providing you with the same exceptional quality, innovation, support and service you expect from us. Our customers are our top priority, and we are confident that this transaction will serve to solidify our long-term relationship with you.
Xura UK Limited Reading International Business Park, Part Spur AG, Basingstoke Road, Reading, Berkshire RG2 6DH, UK Registered Office: Reading International Business, Reading, Berkshire RG2 6DH, Company Number. 2693122 |
xxxx.xxx |
Lastly, I want to thank you for choosing to work with Xxxx for your digital communication needs. Our intention is to always better serve our customers and we will continue that endeavour.
If you have any questions, comments or concerns about this announcement, please do not hesitate to reach out to me directly.
Kind regards,
Xxxxxxxx Xxxxxxxxx
President and CEO, Xura, Inc.
Additional Information and Where to Find It
This communication may be deemed to be solicitation material in respect of the proposed acquisition of Xura. In connection with the proposed merger, Xura will be filing relevant materials with the Securities and Exchange Commission (the “SEC”), including a preliminary proxy statement on Schedule 14A. Promptly after filing its definitive proxy statement with the SEC, Xura will mail or otherwise make available the definitive proxy statement and a proxy card to each stockholder entitled to vote at the special meeting relating to the proposed transaction. XURA STOCKHOLDERS AND OTHER INVESTORS ARE ADVISED TO CAREFULLY READ THESE MATERIALS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC IN RESPECT OF THE PROPOSED MERGER WHEN THEY BECOME AVAILABLE, AS THOSE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED MERGER AND THE PARTIES TO THE PROPOSED MERGER. Xura stockholders and other investors may obtain free copies of the definitive proxy statement, the preliminary proxy statement and other relevant materials in connection with the proposed merger (when they become available), along with other documents filed by Xxxx with the SEC, at the SEC’s website (xxxx://xxx.xxx.xxx) or through the investor relations section of Xxxx’s website (xxxx://xxx.xxxx.xxx).
Xura and its directors and executive officers may be deemed participants under SEC rules in the solicitation of proxies from Xxxx’s stockholders in favor of the proposed merger. Information about Xxxx’s directors and executive officers and their interests in the solicitation, which may, in some cases, differ from those of Xxxx’s stockholders generally, will be included in the proxy statement filed with the SEC in connection with the proposed merger. Additional information about these directors and executive officers is available in Xxxx’s proxy statement for its 2015 Annual Meeting of Stockholders, which was filed with the SEC on May 28, 2015, and in Xura’s Annual Report on Form 10-K, which was filed with the SEC on May 23, 2016. To the extent that holdings of Xxxx’s securities by Xxxx’s directors and executive officers have changed since the amounts printed in the latest proxy statement or Form 10-K, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC.