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July 29, 2006
Burnaby's Convedia Corp., the world's leading producer of a key
component at the heart of voice- over Internet protocol technology,
is being acquired by Oregon-based RadiSys Corp. for $105 million
US.
Peter Briscoe, president and CEO of privately held Convedia, described
the deal Friday as "the proverbial win-win" for both companies
and their customers, as well as 117 staff at Burnaby who share in
the big payday through shares and stock options... |
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July 28, 2006
..."My reaction is quite positive," said David Nierenberg,
general partner for The D3 Family Funds in Camas, Wash. Nierenberg,
whose investment fund holds about 10 percent of RadiSys' stock,
said Convedia's software and telecommunications products were a
neat fit for RadiSys and should contribute to the Oregon company's
growth... |
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July 27, 2005
The Canadian-based media server company Convedia Corp. is being
acquired by Oregon-based RadiSys Corp. (Nasdaq: RSYS) for $105 million
in cash, the companies announced after the markets closed Thursday
afternoon... |
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January 1, 2006
Not surprisingly for an engineer who heads a telecom equipment vendor,
Peter Briscoe has always been interested in machines — driving
them, flying them, and understanding how they’re built and how
they operate… |