RadiSys Closes Convedia Buy
The price is $105 million.
RadiSys (RSYS) - Get RadiSys Corporation Report completed its $105 million acquisition of Internet protocol media processing outfit Convedia.
RadiSys, a Hillsboro, Ore., embedded systems company, said it could pay up to an additional $10 million in cash contingent on hitting profitability goals.
RadiSys' board awarded Convedia employees 169,300 stock options, 5,800 restricted stock awards and 132,905 restricted stock units to 106 Convedia employees.
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