Radisys announced a follow-on order of approximately $11 million for its MediaEngine product from a large Asian carrier in support of its VoLTE network deployment. The order is expected to be fulfilled by Radisys over the course of the second and third quarters of 2015.
“We are energized by the opportunity to continue participating in the VoLTE deployment of this large Asian carrier, in addition to the broad acceleration we are seeing in the adoption of VoLTE and VoWiFi globally,” said Brian Bronson, Radisys President and CEO. “The deployment by this carrier also demonstrates the power of our common MediaEngine strategy, OneMRF, allowing communication service providers to deploy a single media processing platform to support a variety of multimedia services from 3rd party application providers.”
“Finally, this order gives us further confidence in meeting our 2015 financial targets, delivering $0.20 of non-GAAP earnings per share and growing our Software-Systems revenues by 20% year-on-year.”
