Radisys wraps $60M Mimosa acquisition from Airspan

Aug. 15, 2023
The purchase complements Radisys’ Open Access (Connect Open RAN and Connect Open Broadband) portfolio.

Radisys, a wholly owned subsidiary of Jio Platforms, has acquired Mimosa Networks from Airspan Networks, bolstering its wireless portfolio with point-to-point and point-to-multi-point connectivity products leveraging unlicensed spectrum bands. 

These products enable the rapid rollout of multi-gigabit-per-second Fixed Wireless Access (FWA) networks and wireless backhaul connectivity for wireless operators. The Mimosa product suite complements Radisys Open Access (Connect Open RAN and Connect Open Broadband) portfolio.

Before Radisys completed this deal, Airspan acquired Mimosa in 2018 to target FWA network connections. Mimosa has a diverse portfolio of point-to-point and point-to-multi-point products based on Wi-Fi 5 and the newer Wi-Fi 6E technologies and related accessories, such as twist-on antennas and PoE Injectors. These solutions have use cases in the backhaul requirements for 5G and FTTX/ FWA rollouts. Jio has been a significant customer of Mimosa.

Mimosa’s product development, manufacturing, and sales teams of 56 employees will continue with Mimosa following the acquisition by Radisys. Airspan maintains a reseller channel for specific joint 4G/5G and FWA projects and will continue marketing Mimosa products to some of its customers following the acquisition.

Mimosa has become a wholly-owned subsidiary of Radisys. Jio is a shareholder of Airspan and maintains a seat on its Board of Directors.

The acquisition has benefits for Radisys and Airspan.

Mathew Oommen, President, Jio said the acquisition will “further accelerate Jio’s innovation and leadership in the production of telecom network products that deliver value to consumers and enterprises across the globe with cost-effective, rapidly deployable fixed and mobile broadband.”

Eric Stonestrom, Chairman and CEO of Airspan, agreed and added that sale to Radisys “not only puts a competent product team with one of the world’s most innovative and transformative technology and telecommunications companies, but it also strengthens Airspan’s balance sheet enabling the company to pursue 4G and 5G private and MNO networks which have been our main focus.”