RadiSys Acquires Continuous Computing for $120,000,000
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=788152e5-2a48-467f-bd7f-81fc7d6280c2&Preview=1 - 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.
