Radisys, one of world’s leading open telecom solutions and India’s largest private sector company, Reliance Industries agreed terms that states Reliance will acquire Radisys for $1.72 per share in cash. The acquisition powers the global innovation and technology leadership in 5G, IoT and other open source architecture adoptions. With certain customary closing conditions, the transaction is expected to close in the fourth quarter of 2018. Also, Reliance Industries intends to finance the transaction via its own internal accruals.

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

Akash Ambani, Director, Reliance Jio, says, “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”

Founded in 1987, Radisys has nearly 600 employees and it delivers value to service providers and telecom equipment vendors by providing disruptive open-centric software, hardware and service capabilities. Its world-class service provides systems integration expertise necessary to solve communications and content providers’ complex deployment challenges.

Brian Bronson, CEO, Radisys, says, “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.”