Market Overview

Radisys Announces New Closing Date for Acquisition by Reliance Industries


Radisys Corporation (NASDAQ:RSYS), a global leader of open telecom
solutions, today announced that, at the request of Reliance Industries
(RIL), Radisys and RIL have agreed to extend the closing date to a date
no later than December 14, 2018 and the parties continue to work to
close the transaction as promptly as practicable on or before that date.
In connection therewith, RIL also acknowledged that Radisys has
satisfied all conditions to RIL's obligations to close the transaction.

About Radisys

Radisys (NASDAQ:RSYS), a global leader in open telecom solutions,
enables service providers to drive disruption with new open architecture
business models. Radisys' innovative disaggregated and virtualized
enabling technology solutions leverage open reference architectures and
standards, combined with open software and hardware to power business
transformation for the telecom industry, while its world-class services
organization delivers systems integration expertise necessary to solve
communications and content providers' complex deployment challenges. For
more information, visit

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this communication may constitute
"forward-looking statements." Forward-looking statements can usually be
identified by the use of words such as "expect," "intend," "may,"
"should," "will" and other expressions which indicate future events or
trends. Such statements include statements as to the expected timing of
completion of the merger and management plans relating to the

These forward-looking statements are based upon certain expectations and
assumptions and are subject to risks and uncertainties. Actual results
could differ materially from those anticipated as a result of various
factors, including that RIL may be unable to resolve its funding issues;
closing the transaction may involve unexpected costs, liabilities or
additional delays; revenues following the transaction may be lower than
expected; operating costs, customer loss and business disruption
(including, without limitation, difficulties in maintaining
relationships with employees, customers, clients or suppliers) may be
greater than expected; uncertainties surrounding the transaction; the
outcome of any legal proceedings related to the transaction; Radisys may
be adversely affected by other economic, business, and/or competitive
factors; risks that the delay in closing the pending transaction
disrupts current plans and operations; the retention of key employees of
Radisys; the difficulty in obtaining and enforcing court orders in
India, other risks to consummation of the transaction, including
circumstances that could give rise to the termination of the merger
agreement and the risk that the transaction will not be consummated
within the expected time period or at all; and the other risks described
from time to time in Radisys' reports filed with the Securities and
Exchange Commission (the "SEC") under the heading "Risk Factors,"
including the Company's Annual Report on Form 10-K for the fiscal year
ended December 31, 2017, subsequent Quarterly Reports on Form 10-Q and
in other of Radisys' filings with the SEC.

All forward-looking statements are qualified by, and should be
considered in conjunction with, such cautionary statements. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date on which such statements
were made. Except as required by applicable law, Radisys undertakes no
obligation to update forward-looking statements to reflect events or
circumstances arising after such date.

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