Radisys Corporation is an American

technology Technology is the application of Conceptual model, conceptual knowledge to achieve practical goals, especially in a reproducible way. The word ''technology'' can also mean the products resulting from such efforts, including both tangible too ...

company A company, abbreviated as co., is a Legal personality, legal entity representing an association of legal people, whether Natural person, natural, Juridical person, juridical or a mixture of both, with a specific objective. Company members ...

located in Hillsboro, Oregon,

United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...

that makes technology used by telecommunications companies in mobile networks. Founded in 1987 in

Oregon Oregon ( , ) is a U.S. state, state in the Pacific Northwest region of the United States. It is a part of the Western U.S., with the Columbia River delineating much of Oregon's northern boundary with Washington (state), Washington, while t ...

by former employees of

Intel Intel Corporation is an American multinational corporation and technology company headquartered in Santa Clara, California, and Delaware General Corporation Law, incorporated in Delaware. Intel designs, manufactures, and sells computer compo ...

, the company went public in 1995. The company's products are used in mobile network applications such as small cell radio access networks, wireless core network elements,

deep packet inspection Deep packet inspection (DPI) is a type of data processing that inspects in detail the data (Network packet, packets) being sent over a computer network, and may take actions such as alerting, blocking, re-routing, or logging it accordingly. Deep ...

and policy management equipment; conferencing, and media services including voice, video and data. Arun Bhikshesvaran is the company's

chief executive officer A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

. On 30 June 2018, multinational conglomerate Reliance Industries acquired Radisys for $74 million. It now operates as an independent subsidiary.

History

Radisys was founded in 1987 as Radix Microsystems in

Beaverton, Oregon Beaverton is a city in the Tualatin Valley, located in Washington County in the U.S. state of Oregon, with a small portion bordering Portland. The city is among the main cities that make up the Portland metropolitan area. Its population was ...

, by former

engineers Dave Budde and Glen Myers. The first investors were employees who put up $50,000 each, with

Tektronix Tektronix, Inc., historically widely known as Tek, is an American company best known for manufacturing test and measurement devices such as oscilloscopes, logic analyzers, and video and mobile test protocol equipment. Originally an independent c ...

later investing additional funds into the company. Originally located in space leased from

Sequent Computer Systems Sequent Computer Systems, Inc. was a computer company that designed and manufactured multiprocessing computer systems. They were among the pioneers in high-performance symmetric multiprocessing (SMP) Open system (computing), open systems, innovatin ...

, by 1994 the company had grown to annual sales of $20 million. The company's products were computers used in end products such as

automated teller machines Automation describes a wide range of technologies that reduce human intervention in processes, mainly by predetermining decision criteria, subprocess relationships, and related actions, as well as embodying those predeterminations in machine ...

to paint mixers. On October 20, 1995, the company became a

publicly In public relations and communication science, publics are groups of individual people, and the public (a.k.a. the general public) is the totality of such groupings. This is a different concept to the sociological concept of the ''Öffentlichkei ...

traded company when it held an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

(IPO). The IPO raised $19.6 million for Radisys after selling 2.7 million shares at $12 per share. In 1996, the company moved its headquarters to a new campus in Hillsboro, and at that time sales reached $80 million and the company had a profit of $9.6 million that year with 175 employees. Company co-founder Dave Budde left the company in 1997, with company revenues at $81 million annually at that time. The company grew in part by acquisitions such as Sonitech International in 1997, part of

IBM International Business Machines Corporation (using the trademark IBM), nicknamed Big Blue, is an American Multinational corporation, multinational technology company headquartered in Armonk, New York, and present in over 175 countries. It is ...

's Open Computing Platform unit and Texas Micro in 1999, all of S-Link in 2001, and Microware also in 2001. Radisys also moved some production to China in order to take advantage of the lower manufacturing costs. In 2002, the company had grown to annual revenues of $200 million, and posted a profit in the fourth quarter for the first time in several quarters. That year Scott Grout was named as chief executive officer of the company and C. Scott Gibson became the chairman of the board, both replacing Glen Myers who co-founded the company. The company sold off its signaling gateway line in 2003. They raised $97 million through selling convertible senior notes in November 2003. In 2004, the company stopped granting stock options to employees and transitioned to giving restricted shares for some compensation. Radisys grew to annual revenues of $320 million by 2005. The company continued to grow through acquisitions such as a $105 million deal that added Convedia Corp. in 2006. Radisys continued buying assets when it purchased part of

's communications business for about $30 million in 2007. After five-straight quarterly losses, the company posted a profit of $481,000 in their 2009 fourth quarter. In May 2011, the company announced they were buying Continuous Computing for $105 million in stock and cash. Once the transaction was completed in July 2011, Continuous' CEO Mike Dagenais became the CEO of Radisys. Dagenais left the company in October 2012 with former CFO Brian Bronson taking over as CEO. In 2018, Reliance Industries acquired Radisys. Arun Bhikshesvaran took over as CEO in July 2019. RadiSys HQ

Products

Radisys supports two markets: communications networking and commercial systems. The latter makes products for use in the testing, medical imaging, defense, and industrial automation fields. For example, end-products that Radisys' is a supplier to as original equipment manufacturers include items such as

MRI Magnetic resonance imaging (MRI) is a medical imaging technique used in radiology to generate pictures of the anatomy and the physiological processes inside the body. MRI scanners use strong magnetic fields, magnetic field gradients, and rad ...

scanners, ultrasound equipment, logic analyzers, and items used in semiconductor manufacturing. Communications networking equipment includes those for wireless communications, switches, distribution of video, and internet protocol based networking equipment. The company has engineering groups, working on open telecom architectures, computer architecture and

systems integration System integration is defined in engineering as the process of bringing together the component sub-systems into one system (an aggregation of subsystems cooperating so that the system is able to deliver the overarching functionality) and ensuring ...

. In 2009, Radisys' biggest customers were Philips Healthcare, Agilent, Fujitsu,

Danaher Corporation Danaher Corporation is an American global conglomerate founded in 1984 by brothers Steven and Mitchell Rales. Headquartered in Washington, D.C., the company designs, manufactures, and markets medical, industrial, and commercial products and ...

, and Nokia Siemens Network (NSN). NSN was the largest single customer, totaling over 43% of revenues.

References

External links

* {{Reliance Industries Limited Computer companies of the United States Embedded systems Companies based in Hillsboro, Oregon Manufacturing companies based in Oregon Computer companies established in 1987 1987 establishments in Oregon Companies formerly listed on the Nasdaq Reliance Industries subsidiaries 1995 initial public offerings 2018 mergers and acquisitions American subsidiaries of foreign companies Computer hardware companies Networking hardware companies Jio

History

Products

See also

References

External links