Hotline: 1800 102 2007
X
Search Business Opportunities
Jun, 30 2018

Reliance Industries to Buy US telecom solutions firm Radisys

The acquisition has potential synergies with Reliance’s investments in digital communication and services framework, which is built around ‘network as a platform service’, the energy-to-telecom conglomerate said in a stock-exchange filing.

Mukesh Ambani-led Reliance Industries Ltd (RIL) has agreed to acquire a US-based open telecom platform solutions provider, Radisys Corporation for $75 million (Rs 510 crore) in cash.

The acquisition has potential synergies with Reliance’s investments in digital communication and services framework, which is built around ‘network as a platform service’, the energy-to-telecom conglomerate said in a stock-exchange filing.

This will also help in fostering innovation efforts through access to high-quality engineering talent, it added.

Oregon-headquartered Radisys was set up in 1987. It provides open-centric software, hardware and service capabilities that enable the migration to next-generation network topologies, RIL said.

Radisys reported revenue of $133.77 million for 2017, compared with $212.4 million the year before and $184.6 million for 2015. The NASDAQ-listed company has a market capitalisation of about $28.5 million. It also has a local unit, Radisys India Pvt. Ltd, based in Bengaluru.

The transaction is subject to statutory and regulatory approvals, including approval from the committee for foreign investment in the US, and shareholders of Radisys. The deal is likely to be completed in three to six months’ time frame.

Comment
Related opportunities
  • Robotics & Technical Training
    About Us: Robotech is pioneering ed-tech firm and is making in-roads..
    Locations looking for expansion Delhi
    Establishment year 2012
    Franchising Launch Date 2015
    Investment size Rs. 5lac - 10lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Delhi Delhi
  • Beauty Salons
    About Us: Instyle salon is a premium unisex salon based at..
    Locations looking for expansion Delhi
    Establishment year 2009
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 1800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Quick Service Restaurants
    About Us: Iyer's Delight: With a vision to spread the love..
    Locations looking for expansion Tamil nadu
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chennai Tamil nadu
  • Others Entertainment & Leisure
    About Us: The 3D Studios aims to bring one such unique..
    Locations looking for expansion Andhra pradesh
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Shaikpet Andhra pradesh
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities