RadiSys has acquired Continuous Computing to expand it into high growth markets as well as develop a broader set of technologies and offerings including a combined set of ATCA platforms.
The company has announced on 3 May 2011 that it had entered into a definitive agreement to acquire Continuous Computing.
The deal will see Radisys pay about $73m in cash, and 3,665,460 shares of its common stock to Continuous Computing, focused on mobile broadband networks.
In addition, RadiSys will make earn-out payments based on revenues generated by a specified set of Trillium products over a three year period.
RadiSys, a hardware and software platforms provider, develops communications systems consisting of ATCA platforms and Trillium protocol software, where key customer applications include 3G and 4G Wireless infrastructure, Small Cell base stations, Traffic Management, Internet Offload and Network Security.
Following the deal, Continuous Computing is now a wholly-owned subsidiary of RadiSys, and made Mike Dagenais RadiSys’ new chief executive officer.
RadiSys expects that the acquisition will boost its embedded hardware and software market for communications networks and accelerate its strategy to deliver more differentiated platforms and offerings.
