RRAM will fund the purchase using cash on its balance sheet. John Eanes, the co-chief executive officer of Irradiant with Jon Levinson, will become chief investment officer of RRAM in the US.

Resistive RAM claims to be ideal for consolidating both code storage and data logging in a single external memory.

RRAM will fund the acquisition with cash on its balance sheet. Financial terms of the acquisition are not disclosed. RRAM and Apollo expect to retain a majority of Irradiant’s employees ...