Radisys snapped up by Reliance Jio in $70m deal

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Virtualisation vendor Radisys has been bought by Indian telecoms conglomerate Reliance Jio in a deal worth around $70 million.

Reliance Jio said it was making the purchase, in which it will pay $1.72 per share in cash, to underpin its 5G and Internet of Things strategies.

While Radisys is headquartered in Hillsboro, Oregon in the United States, it employs nearly 600 in an engineering facility based in Bangalore, India.

The vendor has focused on offering open software, hardware and services to operators looking move towards modernised network architecture.

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Akash Ambani, Director of Reliance Jio, said: “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.

"This acquisition further accelerates Jio’s global innovation and technology leadership in the areas of 5G, IOT and open source architecture adoption.”

Brian Bronson, CEO of Radisys added: “The backing and support of India-based global conglomerate Reliance, will accelerate our strategy and the scale required by our customers to further deploy our full suite of products and services. The Radisys team will continue to work independently on driving its future growth, innovation and expansion.”