Reliance buys Radisys to bolster its 5G and IoT platforms and services | FierceTelecom
Reliance announced it has a deal in place to buy Radisys, which Reliance said would bolster its mobile division’s 5G and IoT capabilities.
India-based Reliance didn’t announce the terms of the sale, but did say it was paying $1.72 per share in cash for Radisys. Once the deal clears the usual closing conditions and regulatory approvals, it’s expected to close in the fourth quarter of this year.
Hillsboro, Oregon-based Radisys has close to 600 employees with an engineering team based out of Bangalore, India, and sales and support offices globally. Reliance didn’t say if it was keeping all of Radisys’ employees. In a prepared statement, Radisys CEO Brian Bronson said that the company would “continue to work independently on driving its future growth, innovation and expansion.”