Radisys, a subsidiary of Reliance Jio, acquires Mimosa Networks for $60 million
Reliance's Jio Platforms subsidiary Radisys Corp. has announced the purchase of Mimosa Networks for $60 million.
Reliance's Jio Platforms subsidiary Radisys Corp. has announced the purchase of Mimosa Networks for $60 million. Mimosa Networks was taken over by Airspan Networks in 2018 to deliver cost-effective networks solutions, and has a portfolio of network products based on WiFi 5 and WiFi 6E.
In addition to providing these solutions for 5G and FTTX/FWA rollouts, Mimosa has also been a major customer of Reliance Jio in the past.
The company's 56 employees will continue working with Mimosa, and Airspan will market Mimosa's products to some of its customers post acquisition.
“Over the years, our collaboration with Airspan has resulted in groundbreaking architectures for high-speed connectivity for both the end user and for backhaul applications," said Mathew Oommen, President, Reliance Jio.
Oomen said that Mimosa's solutions would be used to deliver, "network products that deliver value to consumers and enterprises across the globe with cost-effective, rapidly deployable fixed and mobile broadband".