RadiSys Corporation completed its previously-announced acquisition of Convedia, a leading supplier of IP media processing technologies and IP media server products.
RadiSys paid $105 million in cash at closing. RadiSys could 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 October 1, 2006.
http://www.radisys.comhttp://www.convedia.com
- Convedia’s family of media servers enable fixed, mobile and cable service providers to deliver processed media streams for IMS and pre-IMS services. Convedia media servers also support media-rich applications and services on converged enterprise networks. In addition, Convedia’s eXMP technology delivers a common set of IP media processing features, control and management interfaces, and can be deployed on third-party Linux-based servers, embedded in third-party proprietary platforms such as routers, switches, and gateways and deployed on purpose-built, highly-optimized IP Media Server platforms. Convedia is headquartered in Vancouver, Canada.
- RadiSys is a leading provider of advanced embedded solutions for the communications networking and commercial systems markets. The company helps OEMs bring better products to market faster and more economically. Its products include embedded boards, platforms and systems. RadiSys is headquartered in Hillsboro, Oregon.