(FE)
Billionaire Mukesh Ambani-run Reliance Industries is all set to acquire Radisys Corporation, a US-based open telecom platform solutions provider, for $75 million (Rs 510 crore) in cash, in a bid to push telecom firm Reliance Jio’s plans. Notably, 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, RIL said in a press release.
Taking stock of the synergies, RIL said that this acquisition further accelerates Jio’s global innovation and technology leadership in the areas of 5G, IOT and open source architecture adoption. “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,” Akash Ambani, Director of Reliance Jio said in a statement filed on the exchanges.
