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Reliance Industries to Acquire Radisys

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7/2/2018
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HILLSBORO, Ore. -- Radisys Corporation (Nasdaq:RSYS), 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.

“Reliance and Jio have been disrupting legacy business models and establishing new global benchmarks. 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,” said Akash Ambani, Director of Reliance Jio. “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 said, “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. The addition of Reliance’s visionary leadership and strong market position will enhance Radisys’ ability to develop and integrate large-scale, disruptive, open-centric end-to-end solutions.”

Terms and Financing

The transaction is subject to certain customary closing conditions, including regulatory approvals and approval of Radisys’ shareholders, and is expected to close in the fourth quarter of 2018. RIL intends to finance the transaction through its own internal accruals.

Radisys Corp. (Nasdaq: RSYS)
Reliance Industries Ltd. (RIL)

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Gabriel Brown
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Gabriel Brown,
User Rank: Light Sabre
7/3/2018 | 3:21:39 AM
Re: Reliance to acquire Radisys
They're quite different types of companies. Radisys offers software stacks and R&D services. Radcom is more of product and solution company (albeit in software). So I'm not sure there's a direct comparison. 
microcaptechinvestor
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microcaptechinvestor,
User Rank: Lightning
7/2/2018 | 2:27:55 PM
Re: Reliance to acquire Radisys
The same reason AT&T should acquire RADCOM (RDCM). Works seamlessly with ONAP and OSM. Control the battle field and become a supplier of software to other CSPs. Use vProbes to run new analytics business. Plus you avoid spending $25M per year to RDCM for MaveriQ software. RDCM worth over $500M in my mind. Discl: long RDCM shares.
Gabriel Brown
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Gabriel Brown,
User Rank: Light Sabre
7/2/2018 | 10:22:35 AM
Reliance to acquire Radisys
Didn't see that coming. My twitter 'hot take'

Didn't see that coming. I guess the logic is two-fold: Jio can better "roll its own" and can better monetize it's innovation via the Radisys sales channel

https://twitter.com/Gabeuk/status/1013788620354936836 
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