Daily News: September 7, 2017

Silicon Valley Bank Closes $30MM Facility for Radisys

Radisys closed on an amended $30 million credit facility with Silicon Valley Bank as administrative agent.

“By executing this amendment, we are now in a better financial position to appropriately support our efforts to accelerate the adoption and ramp of Radisys’ disruptive products and solutions with both existing and new customers,” said Brian Bronson, Radisys president and CEO. “Silicon Valley Bank is a strong partner and we appreciate their continued backing.”

Radisys helps communications and content providers, and their strategic partners, create new revenue streams and drive cost out of their services delivery infrastructure.