RadiSys Completes Its Acquisition of Intel's Modular Communications Platforms Business Assets
Posted on: Wednesday, 12 September 2007, 21:00 CDT
HILLSBORO, Ore., Sept. 12 /PRNewswire-FirstCall/ -- RadiSys Corporation , a leading global provider of advanced embedded solutions, today announced the successful completion of its previously announced acquisition of Intel Corporation's modular communications platforms business assets.
Pursuant to the terms of the asset purchase agreement, RadiSys paid approximately $31.75 million at closing.
About RadiSys
RadiSys is a leading provider of advanced solutions for the communications networking and commercial systems markets. Through intimate customer collaboration and combining innovative technologies and industry leading architecture, RadiSys helps OEMs, systems integrators and solution providers bring better products to market faster and more economically. RadiSys products include embedded boards, application enabling platforms and turn-key systems, which are used in today's complex computing, processing and network intensive applications. For more information, visit http://www.radisys.com/, write to info@radisys.com or call 800-950-0044 or 503-615-1100. Editors seeking more information may contact Lyn Pangares at RadiSys Corporation at 503-615-1220 or lyn.pangares@radisys.com.
RadiSys(R) is a registered trademark of RadiSys Corporation. Intel(R) is a registered trademark of Intel Corporation or its subsidiaries in
the United States and other countries. Other names and brands may be claimed as the property of others. Forward-Looking Statements
The statements contained in this press release may include forward-looking statements that reflect the current views of RadiSys with respect to future events and financial performance. Statements that include the words "believes,""expects,""intends,""estimates,""projects,""predicts,""assumes,""anticipates,""plans," and "seeks," and comparable terms of a future or forward-looking nature identify forward-looking statements for purposes of the U.S. federal securities laws or otherwise. Actual results could differ materially from expectations in these forward-looking statements as a result of a number of risk factors, including, among others, (a) any inability of RadiSys to efficiently integrate the operations, technologies, products or personnel from the acquisition, (b) the inability of RadiSys to realize the benefits sought from the acquisition, (c) higher than anticipated integration costs of the acquisition and less than expected financial performance resulting therefrom, and (d) the factors listed in the reports filed by RadiSys with the Securities and Exchange Commission (SEC), including those listed under "Risk Factors" in the RadiSys Annual Report on Form 10-K for the year ended December 31, 2006, and in the RadiSys Quarterly Reports on Form 10-Q filed with the SEC each fiscal quarter, and other filings with the SEC, copies of which may be obtained by contacting RadiSys at 503-615-1100 or from the RadiSys investor relations web site at http://investor.radisys.com/. Although forward-looking statements help provide additional information about RadiSys, investors should keep in mind that forward-looking statements are inherently less reliable than historical information. All information in this press release is as of September 12, 2007. RadiSys undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in its expectations.
RadiSys Corporation
CONTACT: Brian Bronson of RadiSys Corporation, +1-503-615-1281,brian.bronson@radisys.com; or Bill Calder of Intel Corporation,+1-503-264-5669, bill.calder@intel.com
Web site: http://www.radisys.com/
Source: PRNewswire-FirstCall
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