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RadiSys completes acquisition of IP media company

Posted: 06 Sep 2006 ?? ?Print Version ?Bookmark and Share

Keywords:RadiSys? RSYS? Convedia? embedded systems? acquisition?

RadiSys Corp., a provider of advanced embedded systems, announced the successful acquisition of Convedia Corp., a developer of IP media processing technologies and IP media server products.

Under the terms of the agreement, RadiSys paid $105 million in cash at closing. The company might also pay up to an additional $10 million in cash determined by a contingent formula tied to achieving certain profitability goals during the twelve-month period beginning Oct. 1, 2006.




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