Reliance Industries Ltd.

Reliance Industries (RIL) and Radisys Corporation have entered into a definitive agreement under which the company will acquire Radisys for $1.72 per share in cash. Radisys is a leader in providing open telecom solutions to service providers worldwide.

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. This acquisition further accelerates Jio’s global innovation and technology leadership in the areas of 5G, IOT and open source architecture adoption.

RIL is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.