Reliance acquires Radisys for 5G and IoT | ZDNet
Indian giant Reliance has announced that it will be boosting its telecommunications carrier arm Jio’s 5G and Internet of Things (IoT) capabilities thanks to the acquisition of US telco solutions company Radisys.
Reliance will acquire the Hillsboro, Oregon-headquartered Radisys with existing cash resources at $1.72 per share under their definitive agreement, which has yet to be approved by Radisys shareholders and the regulator.
“Radisys’ top-class management and engineering team offer Reliance rapid innovation and solution development expertise globally, which complements our work towards software-centric disaggregated networks and platforms, enhancing the value to customers across consumer and enterprise segments,” Reliance Jio director Akash Ambani said.
“This acquisition further accelerates Jio’s global innovation and technology leadership in the areas of 5G, IoT, and open-source architecture adoption.”