RadiSys Acquires Continuous Computing for $120,000,000

  • Feed Type
  • Date
    5/3/2011
  • Company Name
    Continuous Computing
  • Mailing Address
    9450 Carroll Park Drive San Diego, CA 92121
  • Company Description
    Continuous Computing provides Network Service-Ready Platforms that enable telecom equipment manufacturers to rapidly deploy converged communications.
  • Website
    http://www.ccpu.com
  • Transaction Type
    M&A
  • Transaction Amount
    $120,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    Consideration for the acquisition is comprised of approximately $73 million in cash, funded with cash on hand, and 3,666,667 shares of RadiSys common stock. Assuming a stock closing price on May 2, 2011 of $8.69 the stock consideration represents $31.9 million. In addition to the consideration payable at closing, RadiSys will make earn-out payments based on revenues generated by a specified set of Trillium products over a three year period following the closing of the acquisition. In lieu of the earn-out payments, RadiSys has the right to make a one-time payment of cash and/or RadiSys shares with a combined aggregate value of $15 million up to 18 months after the closing date.

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