Reliance Industries To Acquire Radisys
Radisys Corporation, a global leader of open telecom solutions (Radisys or the Company), and Reliance Industries Limited, India’s largest private sector company (RIL or Reliance), have entered into a definitive agreement under which Reliance will acquire Radisys for US$1.72 per share in cash.
Radisys is a leader in providing open telecom solutions to service providers worldwide. Headquartered in Hillsboro, Oregon, Radisys has nearly 600 employees with an engineering team based out of Bangalore, India, and sales and support offices globally. Radisys delivers value to service providers and telecom equipment vendors by providing disruptive open-centric software, hardware and service capabilities that enable the migration to next-generation network topologies.