RadiSys Announces Acquisition Of Pactolus Communications Software Corporation
HILLSBORO, OR March 11, 2010 RadiSys® Corporation, a leading global provider of applicationready software and hardware platforms, today announced that it has acquired privately held Pactolus Communications Software Company, a leader in the development and delivery of nextgeneration IP communication solutions for converged TDM/IP and SIPenabled VoIP networks. Pactolus' customizable turnkey SIPware services include large operatorassisted event and reservationless audio conferencing, prepaid/postpaid long distance services, residential/business Class 5 VoIP, and voice messaging. Pactolus' software solutions are installed in over 45 telecommunication service provider customers worldwide including major Tier 1 and Tier 2 carriers.
"We are pleased to announce the acquisition of Pactolus," said Scott Grout, RadiSys President and CEO. "RadiSys and Pactolus have been partnering for years in the delivery of media server technology and applications. The addition of Pactolus strengthens our portfolio of telecommunication solutions for service providers and TEMs. The Pactolus team has extensive domain expertise in developing both legacy TDM enhanced services and next generation IPbased communication applications and platforms. We look forward to having them as part of the RadiSys team."
RadiSys (NASDAQ: RSYS) is a leading provider of application-ready software and hardware platforms for use in the communications, multi-media, defense and medical markets. RadiSys innovative and market leading technologies help equipment manufacturers and network operators bring the most advanced products and services to market faster and more economically. For more information, visit http://www.radisys.com, write to email@example.com, or call 800-950-0044 or 503-615-1100.