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'''RadiSys Corporation''' is publicly traded company that makes [[embedded system]]s and related technology, located in [[Hillsboro, Oregon]], United States. Founded in 1987 in [[Oregon]] by former employees of [[Intel]], the company went public in 1995. Products and services include [[computer architecture]], [[systems integration]], [[embedded operating system]]s, and [[middleware]], mainly in the communications networking and commercial fields. The company's products are used by [[original equipment manufacturer]]s in equipment such as MRI scanners, [[wireless network]]s, as well as in items used in semiconductor manufacturing and industrial automation. As of 2009, RadiSys had annual revenues of more than $350 million and employed 826 people worldwide. Brian Bronson is the company's [[chief executive officer]].
'''Radisys Corporation''' is a publicly traded company located in [[Hillsboro, Oregon]], United States that makes technology used by telecommunications companies in 3G, 4G and LTE mobile networks. Founded in 1987 in [[Oregon]] by former employees of [[Intel]], the company went public in 1995. Products and services include FlowEngine traffic distribution platforms, DCEngine hyperscale data center infrastructure solution, MediaEngine media processing solutions, and CellEngine small cell protocol software and wireless network software technologies. The company's products are used in mobile network applications such as small cell Radio Access Networks (RAN), wireless core network elements, deep packet inspection (DPI) and policy management equipment; conferencing, and media services including voice, video and data. [http://www.oregonlive.com/silicon-forest/index.ssf/2015/04/radisys_stock_jumps_10_percent.html As of 2015, Radisys first-quarter revenues totaled $48.7 million,]and employed 700 people worldwide. Brian Bronson is the company's [[chief executive officer]].
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==History==
==History==
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==Operations==
==Operations==
[[File:RadiSys HQ.JPG|thumb|Company headquarters]]
[[File:RadiSys HQ.JPG|thumb|Company headquarters]]
The company's world headquarters are located in the Dawson Creek Industrial Park adjacent to the headquarters of [[FEI Company]] in Hillsboro, Oregon, within the [[Portland metropolitan area]]. RadiSys had over 280 people in its research and development department as of 2009, located in offices in the United States (Oregon, [[Iowa]], [[Florida]]), India ([[Bangalore]]), China ([[Shanghai]]), Malaysia ([[Penang]]), and Canada ([[Burnaby|Burnaby, BC]]).<ref name="annual2008"/> Other locations include [[Shenzhen]] in China, [[Dublin]], and sales offices around the world.<ref name="annual2008"/> Overall, the company only builds about 15 percent of their products, with the remainder [[outsourcing|outsourced]] to other companies.<ref name="annual2008"/>
The company's world headquarters are located in the Dawson Creek Industrial Park adjacent to the headquarters of [[FEI Company]] in Hillsboro, Oregon, within the [[Portland metropolitan area]]. Radisys in 2015 has approximately 700 employees located in offices in the United States (Oregon), India ([Bangalore]), China ([[Shenzhen]]), and Canada ([[Burnaby, British Columbia|Burnaby, BC]]).<sup>[1]</sup> Overall, the company only builds about 15 percent of their products, with the remainder [[Outsourcing|outsourced]] to other companies.<sup>[1]</sup>


==Products==
==Products==
RadiSys focuses on two markets: communications networking and commercial systems.<ref name="annual2008"/> The latter makes products for use in the testing, medical imaging, defense, and industrial automation fields.<ref name="annual2008"/> For example, end-products that RadiSys' is a supplier to [[original equipment manufacturer]]s include items such as [[Magnetic resonance imaging|MRI]] scanners, ultrasound equipment, logic analyzers, and items used in semiconductor manufacturing.<ref name="annual2008"/> Communications networking equipment includes those for wireless communications, switches, distribution of video, and internet protocol based networking equipment to name a few.<ref name="annual2008"/>
Radisys supports two markets: communications networking and commercial systems.<sup>[1]</sup> The latter makes products for use in the testing, medical imaging, defense, and industrial automation fields.<sup>[1]</sup> For example, end-products that Radisys' is a supplier to [[Original equipment manufacturer|original equipment manufacturers]] include items such as [[MRI]] scanners, ultrasound equipment, logic analyzers, and items used in semiconductor manufacturing.<sup>[1]</sup> Communications networking equipment includes those for wireless communications, switches, distribution of video, and internet protocol based networking equipment to name a few.<sup>[1]</sup>


The company collaborates with its customers' in-house engineering groups, providing expertise in [[computer architecture]], [[systems integration]], [[embedded operating system]]s such as [[OS-9]], [[Application-specific integrated circuit|ASIC]] design, and [[middleware]]. Its modular [[Computing platform|platforms]] and building blocks are based on custom [[Computer form factor|form factor]]s as well as industry standards such as [[Advanced Telecommunications Computing Architecture|AdvancedTCA]], [[COM Express]], [[CompactPCI]], and [[Conventional PCI|PCI]]. Individual products include their Convedia Media Servers and Procelerant [[Blade server|blades]].<ref name="annual2008"/> As of 2009, RadiSys' biggest customers are [[Philips#Healthcare products|Philips Healthcare]], [[Agilent Technologies|Agilent]], [[Fujitsu]], [[Danaher Corporation]], and [[Nokia Networks|Nokia Siemens Network]] (NSN).<ref name="annual2008"/> NSN was the largest single customer, totaling over 43% of revenues.<ref name="annual2008"/>
[null The company collaborates with its customers' in-house engineering groups, providing expertise in] [[computer architecture]], [[systems integration]], [[Embedded operating system|embedded operating systems]] such as [[OS-9]], [[Application-specific integrated circuit|ASIC]] design, and [[middleware]]. Its modular [[Platform (computing)|platforms]] and building blocks are based on custom [[Computer form factor|form factors]] as well as industry standards such as [[AdvancedTCA]], [[COM Express]], [[CompactPCI]], and [[Conventional PCI|PCI]]. In [null 2009], Radisys' biggest customers are [[Philips#Healthcare products|Philips Healthcare]], [[Agilent]], [[Fujitsu]], [[Danaher Corporation]], and [[Nokia Siemens Network]] (NSN).<sup>[1]</sup> NSN was the largest single customer, totaling over 43% of revenues.<sup>[1]</sup>
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==See also==
==See also==

Revision as of 00:40, 8 October 2016

RadiSys Corporation
Company typePublic (Nasdaq: RSYS)
IndustryTechnology
Founded1987; 37 years ago (1987)
HeadquartersHillsboro, Oregon, USA
45°32′44″N 122°55′43″W / 45.545478°N 122.928697°W / 45.545478; -122.928697
Key people
Brian Bronson, President & CEO
Productsembedded operating systems
Revenue$372.6 million USD[1]
Decrease $76.4 million USD[1]
Decrease $65.9 million USD[1]
Number of employees
826 (2009)[1]
DivisionsCommunications networking, commercial systems
Websitewww.radisys.com

Radisys Corporation is a publicly traded company located in Hillsboro, Oregon, United States that makes technology used by telecommunications companies in 3G, 4G and LTE mobile networks. Founded in 1987 in Oregon by former employees of Intel, the company went public in 1995. Products and services include FlowEngine traffic distribution platforms, DCEngine hyperscale data center infrastructure solution, MediaEngine media processing solutions, and CellEngine small cell protocol software and wireless network software technologies. The company's products are used in mobile network applications such as small cell Radio Access Networks (RAN), wireless core network elements, deep packet inspection (DPI) and policy management equipment; conferencing, and media services including voice, video and data. As of 2015, Radisys first-quarter revenues totaled $48.7 million,and employed 700 people worldwide. Brian Bronson is the company's chief executive officer.

History

RadiSys was founded in 1987 as Radix Microsystems in Beaverton, Oregon, by former Intel engineers Dave Budde and Glen Myers.[2][3][4] The first investors were employees who put up $50,000 each, with Tektronix later investing additional funds into the company.[4] Originally located in space leased from Sequent Computer Systems, by 1994 the company had grown to annual sales of $20 million.[5] The company's products were computers used in end products such as automated teller machines to paint mixers.[4] On October 20, 1995, the company became a publicly traded company when it held an initial public offering (IPO).[6] The IPO raised $19.6 million for RadiSys after selling 2.7 million shares at $12 per share.[6]

In 1996, the company moved it 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.[4][7] Company co-founder Dave Budde left the company in 1997, with company revenues at $81 million annually at that time.[8] The company grew in part by acquisitions such as Sonitech International in 1997,[9] part of IBM's Open Computing Platform unit[10] and Texas Micro in 1999,[11] all of S-Link in 2001,[12] and Microware also in 2001.[13] RadiSys also moved some production to China in order to take advantage of the lower manufacturing costs.[14]

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.[15] That year Scott Grout was named as chief executive officer of the company and C. Scott Gibson became the chairman of the board,[16] both replacing Glen Myers who co-founded the company.[17] The company sold off its signaling gateway line in 2003.[18]

They raised $97 million through selling convertible senior notes in November 2003.[19] In 2004, the company stopped granting stock options to employees and transitioned to giving restricted shares for some compensation.[20] RadiSys grew to annual revenues of $320 million by 2005.[21] The company continued to grow through acquisitions such as a $105 million deal that added Convedia Corp. in 2006.[22][23] RadiSys continued buying assets when it purchased part of Intel's communications business for about $30 million in 2007.[24] After five-straight quarterly losses, the company posted a profit of $481,000 in their 2009 fourth quarter.[25]

In May 2011, the company announced they were buying Continuous Computing for $105 million in stock and cash.[26] Once the transaction was completed in July 2011, Continuous' CEO Mike Dagenais became the CEO of RadiSys.[26][27][28] Dagenais left the company in October 2012 with former CFO Brian Bronson taking over as CEO.[27]

Operations

Company headquarters

The company's world headquarters are located in the Dawson Creek Industrial Park adjacent to the headquarters of FEI Company in Hillsboro, Oregon, within the Portland metropolitan area. Radisys in 2015 has approximately 700 employees located in offices in the United States (Oregon), India ([Bangalore]), China (Shenzhen), and Canada (Burnaby, BC).[1] Overall, the company only builds about 15 percent of their products, with the remainder outsourced to other companies.[1]

Products

Radisys supports two markets: communications networking and commercial systems.[1] The latter makes products for use in the testing, medical imaging, defense, and industrial automation fields.[1] For example, end-products that Radisys' is a supplier to original equipment manufacturers include items such as MRI scanners, ultrasound equipment, logic analyzers, and items used in semiconductor manufacturing.[1] Communications networking equipment includes those for wireless communications, switches, distribution of video, and internet protocol based networking equipment to name a few.[1]

[null The company collaborates with its customers' in-house engineering groups, providing expertise in] computer architecture, systems integration, embedded operating systems such as OS-9, ASIC design, and middleware. Its modular platforms and building blocks are based on custom form factors as well as industry standards such as AdvancedTCA, COM Express, CompactPCI, and PCI. In [null 2009], Radisys' biggest customers are Philips Healthcare, Agilent, Fujitsu, Danaher Corporation, and Nokia Siemens Network (NSN).[1] NSN was the largest single customer, totaling over 43% of revenues.[1]

See also

References

  1. ^ a b c d "2008 Annual Report" (PDF). RadiSys Corporation. March 6, 2009. Retrieved 2009-07-09.
  2. ^ Earnshaw, Aliza (May 3, 2002). "RadiSys CEO Myers steps down". Portland Business Journal. Retrieved 2009-07-09.
  3. ^ Bell, Jon (September 10, 2004). "Capital ventures into Oregon". The Portland Tribune. Retrieved 2009-07-10.
  4. ^ a b c d Williams, Elisa (June 22, 1997). "Keeping RadiSys on the fast track". The Oregonian. pp. R12. {{cite news}}: |access-date= requires |url= (help)
  5. ^ Barnett, Jim (December 10, 1994). "Bulging RadiSys Corp. plans to add space, jobs". The Oregonian. pp. D1. {{cite news}}: |access-date= requires |url= (help)
  6. ^ a b "RadiSys offers 2.7 million shares as it makes first public offering". The Oregonian. October 21, 1995. pp. B1. {{cite news}}: |access-date= requires |url= (help)
  7. ^ "RadiSys Corp.'s growth outstrips new quarters; more space leased". The Oregonian. April 25, 1996. pp. D1. {{cite news}}: |access-date= requires |url= (help)
  8. ^ "RadiSys announces record revenues; company co-founder steps down". Portland Business Journal. January 31, 1997. Retrieved 2009-07-09.
  9. ^ Miller, Brian K. (October 17, 1997). "RadiSys' purchase beefs up product potential". Portland Business Journal. Retrieved 2009-07-09.
  10. ^ "RadiSys to acquire IBM unit". Portland Business Journal. December 20, 1999. Retrieved 2009-07-09.
  11. ^ Goldfield, Robert (December 8, 2000). "RadiSys turns its attention toward telecom market". Portland Business Journal. Retrieved 2009-07-09.
  12. ^ "RadiSys to complete acquisition of S-Link this week". Portland Business Journal. April 19, 2001. Retrieved 2009-07-09.
  13. ^ "Business Briefs: RadiSys completes offer, acquires Microware Corp". The Portland Tribune. August 14, 2001. Retrieved 2009-07-10.
  14. ^ Bell, Jon (May 3, 2005). "Firm's flight to China fits the industry". The Portland Tribune. Retrieved 2009-07-10.
  15. ^ "RadiSys turns a profit". Portland Business Journal. January 29, 2003. Retrieved 2009-07-09.
  16. ^ "RadiSys finds a new leader". Portland Business Journal. October 7, 2002. Retrieved 2009-07-09.
  17. ^ Earnshaw, Aliza (November 15, 2002). "RadiSys moving away from telecom reliance". Portland Business Journal. Retrieved 2009-07-09.
  18. ^ "RadiSys sells signaling gateway division". Portland Business Journal. April 15, 2003. Retrieved 2009-07-09.
  19. ^ Earnshaw, Aliza (November 14, 2003). "RadiSys offering nets $97 million". Portland Business Journal. Retrieved 2009-07-09.
  20. ^ Earnshaw, Aliza (September 29, 2006). "RadiSys puts choice in employee hands". Portland Business Journal. Retrieved 2009-07-09.
  21. ^ Earnshaw, Aliza (December 2, 2005). "Damn Wall Street wisdom; RadiSys full speed ahead". Portland Business Journal. Retrieved 2009-07-09.
  22. ^ Earnshaw, Aliza (August 3, 2007). "RadiSys investors look for acquisition payoff". Portland Business Journal. Retrieved 2009-07-09.
  23. ^ Earnshaw, Aliza (August 25, 2006). "RadiSys deal draws praise from Wall Street analysts". Portland Business Journal. Retrieved 2009-07-09.
  24. ^ "RadiSys to acquire some of Intel's telecommunication assets". Portland Business Journal. September 10, 2007. Retrieved 2009-07-09.
  25. ^ Rogoway, Mike (February 2, 2010). "RadiSys returned to profitability in fourth quarter". The Oregonian. Retrieved 3 February 2010.
  26. ^ a b Siemers, Erik (May 3, 2011). "RadiSys makes $105M deal, gets new CEO". Portland Business Journal. Retrieved 6 May 2011.
  27. ^ a b Siemers, Erik (October 1, 2012). "Radisys CEO leaves, CFO Bronson steps in". Portland Business Journal. Retrieved October 1, 2012.
  28. ^ "Non-cash charge leads to loss at RadiSys". Portland Business Journal. April 28, 2009. Retrieved 2009-07-09.
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