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RadiSys acquires 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 Rs.487.62 crore ($105 million) in cash at closing. The company might also pay up to an additional Rs.46.44 crore ($10 million) in cash determined by a contingent formula tied to achieving certain profitability goals during the 12-month period beginning Oct. 1, 2006.

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