RadiSys agreed to acquire privately-held Convedia Corporation, a leader in IP media processing technologies and IP Media Server products, for $105 million in cash, subject to certain adjustments, plus an earnout of up to $10 million if Convedia achieves certain profitability goals over the next year.
Convedia claims over 200 customers worldwide, including 25 of the top 50 global telecommunication service providers, and many Fortune 500 and enterprise customers. Convedia's family of media servers enable fixed, mobile and cable service providers to deliver processed media streams for IMS and pre-IMS services. Convedia media servers also support media-rich applications and services on converged enterprise networks. In addition, Convedia's eXMP technology delivers a common set of IP media processing features, control and management interfaces, and can be deployed on third-party Linux-based servers, embedded in third-party proprietary platforms such as routers, switches, and gateways and deployed on purpose-built, highly-optimized IP Media Server platforms. Convedia is headquartered in Vancouver, Canada.
RadiSys is a leading provider of advanced embedded solutions for the communications networking and commercial systems markets. The company helps OEMs bring better products to market faster and more economically. Its products include embedded boards, platforms and systems. RadiSys is headquartered in Hillsboro, Oregon.
RadiSys said the acquisition would accelerate its penetration of the VoIP equipment and IMS infrastructure markets as well as accelerate its strategy to provide turnkey networking platforms. Convedia's full family of media servers will continue to be developed and enhanced under the RadiSys corporate brand. In addition, the two companies will leverage Convedia's eXMP (eXtended Media Processing), software technology to operate on RadiSys' ATCA platform.
- In April 2006, Convedia extended its line of media servers with two new products - the CMS-3000 and CMS-9000 Media Servers, both based on a new eXtended Media Processing (eXMP) technology, which is a modular, portable technology that represents the evolution of Convedia's carrier-class media processing expertise and is designed for a range of media processing needs.