RadiSys ( RSYS) agreed to acquire privately held Convedia of Vancouver, British Columbia, for $105 million in cash. Hillsboro, Ore.-based Radisys said the deal gives it platform products for voice over Internet protocol networks and emerging IP multimedia subsystem deployments. For the quarter ended June 30, Convedia achieved annual run-rate revenue of around $20 million. "This is the proverbial win-win for both companies and their customers," said Peter Briscoe, CEO of Convedia. Convedia holders could get an earnout of up to $10 million if Convedia achieves certain profitability goals over the next year. The transaction is expected to be accretive to RadiSys' earnings per share within the first year after closing, excluding expenses associated with the outcome of purchase-price allocation, incremental stock-compensation expense and other noncapitalizable acquisition-related expenses. Additional details regarding the impact of the transaction will be available upon closing. The required pro forma financials for the combined company will be issued no later than 75 days following the closing. Radisys also said second-quarter earnings rose to $4.4 million, or 18 cents a share, from the year-earlier $2.6 million, or 11 cents a share. Revenue rose 28% from a year ago to $84.5 million. Analysts were looking for a 14-cent profit of $74 million. For the third quarter, Radisys expects to make 12 cents to 15 cents a share on revenue of $80 million to $85 million. Analysts were looking for a 17-cent profit on sales of $77 million. Shares fell 4 cents Thursday to $20.46.