iWorld
In major Jio push, RIL to acquire Radisys for $74 mn
MUMBAI: India’s largest private sector company Reliance Industries Ltd (RIL) has entered into an agreement with Radisys Corporation, US-based open telecom platform solutions provider, to acquire the latter. The deal involves a valuation of roughly $ 74 million or Rs 510 crore.
According to a PTI report, Radisys, a NASDAQ listed company will be delisted post acquisition. RIL will acquire the US-based company for $1.72 per share in cash.
Radisys has nearly 600 employees with an engineering team based out of Bangalore, India, and sales and support offices globally, a press release from the company said.
RIL hopes this deal will accelerate Jio’s global innovation and technology leadership in the areas of 5G, IoT and open source architecture adoption. Since the launch of its launch in 2016, RIL’s telecom venture Jio has been acquiring customers ata rapid pace.
“Reliance and Jio have been disrupting legacy business models and establishing new global benchmarks. Radisys’ top-class management and engineering team offer Reliance rapid innovation and solution development expertise globally, which complements our work towards software-centric disaggregated networks and platforms, enhancing the value to customers across consumer and enterprise segments,” Reliance Jio director Akash Ambani said.
Radisys CEO Brian Bronson said, “The backing and support of India-based global conglomerate Reliance, will accelerate our strategy and the scale required by our customers to further deploy our full suite of products and services. The Radisys team will continue to work independently on driving its future growth, innovation and expansion. The addition of Reliance’s visionary leadership and strong market position will enhance Radisys’ ability to develop and integrate large-scale, disruptive, open-centric end-to-end solutions.”
The deal is subject to approvals from regulators and Radisys’ shareholders, and is expected to be officially sealed in the fourth quarter of 2018. RIL will finance the transaction through its own internal accruals.
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Gaming
Nodwin Gaming partners with Runestone for esports data and integrity solutions
South Asian esports leader joins forces with Czech tech firm to enhance tournament operations.
MUMBAI: Nodwin Gaming has just levelled up its game by bringing in a specialist to keep the scoreboard honest and the fans fully engaged. The leading South Asian esports and gaming company has announced a strategic partnership with Runestone, a Prague-headquartered esports technology firm specialising in real-time data and engagement solutions for tournament organisers and publishers.
The collaboration aims to strengthen competitive integrity, improve operational oversight, and deliver more interactive viewing experiences across Nodwin’s properties. It will initially focus on the Nodwin Clutch Series for Counter-Strike 2, a Tier 2 tournament that provides emerging teams with consistent competitive opportunities and helps build the talent pipeline.
The latest edition of the series recently concluded with Big defeating ECSTATIC 2–1 in the grand final of the $50,000 online event.
Nodwin Gaming chief business officer at MENA and global head of data monetization Teemu Koski said, “Integrity and transparency are fundamental to sustainable esports ecosystems, especially in Tier 2 competition where the next generation of talent emerges. Runestone’s expertise complements our experience in building scalable esports IPs.”
Runestone head of partnerships Michael Schwartz added, “Nodwin Gaming has built one of the most dynamic esports ecosystems across emerging markets. We’re thrilled to collaborate on supporting tournaments with greater transparency, deeper fan interaction, and scalable tools.”
Both companies are exploring opportunities to extend the partnership across additional titles, including mobile-first competitive ecosystems, and to develop new products for publishers, tournament operators, and event promoters.
In the rapidly growing world of esports, where fair play and fan excitement are equally crucial, Nodwin Gaming and Runestone are teaming up to ensure every match is not only competitive but also transparent and engaging. This alliance could well become a game-changer for Tier 2 tournaments across South Asia and beyond.
