Radius completed the acquisition of Reliance Networks.

Radius Payment Solutions, a payment and fleet services company, completed the acquisition of Reliance Networks, a telecommunications service provider. Financial terms were not disclosed. “Reliance is a really good fit for our growing telecoms business as it has some unique technical capacities that will complement those of the other companies that have recently joined this division. This marks the seventh deal we have completed in the last seven weeks, three of which have been in Telecoms and I’d really like to thank both the Radius teams and our advisers for all their hard work that has helped make this possible,” Bill Holmes, Radius CEO.