• Roads damaged by excess rains in Gujarat will be made fine again by Navratri to Diwali period: Dy CM Nitin Patel
  • 1430 cases of Coronavirus detected in Gujarat in 24 hours ending at 5 pm today as per the State health department
  • Election Commission sends complaint against alleged false affidavits filed by Dhanera MLA Nathabhai Hegolabhai Patel to Central Board of Direct Taxes (CBDT) for probe in response to check alleged discrepancies in his election affidavit
  • 20 bills to be moved in Gujarat Assembly Monsoon session starting from September 21. Discussion on coronavirus pandemic situation in the state on the first day's second session for 2.5 hours
  • Unjha APMC Vice Chairman Shivam Rawal dies of Coronavirus infection He was admitted to Ahmedabad based private run Sterling hospital for last over one and half month

Reliance Industries to acquire Radisys

Mumbai: Radisys Corporation, a global leader of open telecom solutions, and Reliance Industries Limited, India’s largest private sector company, have entered into a definitive agreement under which Reliance will acquire Radisys for US$1.72 per share in cash.

Radisys is a leader in providing open telecom solutions to service providers worldwide. Headquartered in Hillsboro, Oregon, Radisys has nearly 600 employees with an engineering team based out of Bangalore, India, and sales and support offices globally. Radisys delivers value to service providers and telecom equipment vendors by providing disruptive open-centric software, hardware and service capabilities that enable the migration to next-generation network topologies.

“Reliance and Jio have been disrupting legacy business models and establishing new global benchmarks. 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,” said Akash Ambani, Director of Reliance Jio. “This acquisition further accelerates Jio’s global innovation and technology leadership in the areas of 5G, IOT and open source architecture adoption.”

Brian Bronson, CEO of Radisys said, “The backing and support of India-based global conglomerate Reliance, will accelerate our strategy and the scale required by our customers to further deploy our full suite of products and services. The Radisys team will continue to work independently on driving its future growth, innovation and expansion. The addition of Reliance’s visionary leadership and strong market position will enhance Radisys’ ability to develop and integrate large-scale, disruptive, open-centric end-to-end solutions.”

DeshGujarat