Radisys

{{Infobox company

| name = Radisys Corporation

| logo = Radisys_Corporation_logo.svg

| logo_caption = Company Logo

| logo_size =

| type = Subsidiary

| foundation = {{start date and age|1987}}

| location = Hillsboro, Oregon, USA
{{coord|45.535179|-122.887877|region:US|format=dms|display=inline,title}}

| key_people = Arun Bhikshesvaran, President & CEO

| products = embedded operating systems

| industry = Technology

| revenue = $372.6 million USD{{cite web|url=http://library.corporate-ir.net/library/90/902/90237/items/328530/20CC9FB6-5D69-45A2-B1B5-183769B476BD_RADISYSCORP10K_08.pdf|title=2008 Annual Report|date=March 6, 2009|publisher=RadiSys Corporation|access-date=2009-07-09}}

| operating_income = {{loss}} $76.4 million USD

| net_income = {{loss}} $65.9 million USD

| owner = Reliance Industries

| num_employees = 1,000 (2020){{cite web | url=https://www.businesstoday.in/sectors/telecom/reliance-industries-signs-usd-74-million-acquisition-deal-radisys-to-boost-5g-iot-push/story/279756.html | title=Reliance Industries signs $74-million acquisition deal to boost 5G, IoT push | date=30 June 2018 }}

| parent = Jio Platforms

| divisions = Communications networking, commercial systems

| subsid =

| homepage = {{Url |www.radisys.com}}

}}

Radisys Corporation is an American technology company located in Hillsboro, Oregon, United States that makes technology used by telecommunications companies in mobile networks. Founded in 1987 in Oregon by former employees of Intel, 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 and policy management equipment; conferencing, and media services including voice, video and data. Arun Bhikshesvaran is the company's chief executive officer.

On 30 June 2018, multinational conglomerate Reliance Industries acquired Radisys for $74 million.{{cite web |title=RIL to buy Radisys to accelerate Reliance Jio's 5G, IoT push |url=https://www.livemint.com/Companies/7eiwN4FLYVuyTiXtcHJsfJ/Reliance-to-acquire-Radisys-to-accelerate-5G-IoT-push.html |website=Mint|access-date=1 July 2018 |date=30 June 2018}}{{cite news |last1=Pandey |first1=Piyush |title=RIL acquire Radisys Corporation for $74 million |url=https://www.thehindu.com/business/Industry/ril-acquire-radisys-corporation-for-74-million/article24297922.ece |newspaper=The Hindu |access-date=1 July 2018 |language=en-IN |date=30 June 2018}}

It now operates as an independent subsidiary.{{Cite web|last=Mesecke|first=Lori|date=2018-06-29|title=RELIANCE INDUSTRIES TO ACQUIRE RADISYS|url=https://www.radisys.com/press-releases/reliance-industries-acquire-radisys|access-date=2021-04-22|website=www.radisys.com|language=en}}

History

Radisys was founded in 1987 as Radix Microsystems in Beaverton, Oregon, by former Intel engineers Dave Budde and Glen Myers.{{cite news|url=http://portland.bizjournals.com/portland/stories/2002/04/29/daily44.html|title=RadiSys CEO Myers steps down|last=Earnshaw|first=Aliza|date=May 3, 2002|work=Portland Business Journal|access-date=2009-07-09}}{{cite news|url=http://www.portlandtribune.com/news/story_2nd.php?story_id=26145|archive-url=https://web.archive.org/web/20110608045632/http://www.portlandtribune.com/news/story_2nd.php?story_id=26145|url-status=dead|archive-date=June 8, 2011|title=Capital ventures into Oregon|last=Bell|first=Jon|date=September 10, 2004|work=The Portland Tribune|access-date=2009-07-10}} The first investors were employees who put up $50,000 each, with Tektronix later investing additional funds into the company.{{cite news |last=Williams |first=Elisa |date=June 22, 1997 |title=Keeping RadiSys on the fast track |work=The Oregonian |pages=R12}} Originally located in space leased from Sequent Computer Systems, by 1994 the company had grown to annual sales of $20 million.{{cite news|title=Bulging RadiSys Corp. plans to add space, jobs|last=Barnett|first=Jim|date=December 10, 1994|work=The Oregonian|pages=D1}} The company's products were computers used in end products such as automated teller machines to paint mixers. On October 20, 1995, the company became a publicly traded company when it held an initial public offering (IPO).{{cite news|title=RadiSys offers 2.7 million shares as it makes first public offering|date=October 21, 1995|work=The Oregonian|pages=B1}} 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.{{cite news|title=RadiSys Corp.'s growth outstrips new quarters; more space leased|date=April 25, 1996|work=The Oregonian|pages=D1}} Company co-founder Dave Budde left the company in 1997, with company revenues at $81 million annually at that time.{{cite news|url=http://portland.bizjournals.com/portland/stories/1997/01/27/daily13.html|title=RadiSys announces record revenues; company co-founder steps down|date=January 31, 1997|work=Portland Business Journal|access-date=2009-07-09}} The company grew in part by acquisitions such as Sonitech International in 1997,{{cite news|url=http://portland.bizjournals.com/portland/stories/1997/10/20/focus3.html|title=RadiSys' purchase beefs up product potential|last=Miller|first=Brian K.|date=October 17, 1997|work=Portland Business Journal|access-date=2009-07-09}} part of IBM's Open Computing Platform unit{{cite news|url=http://portland.bizjournals.com/portland/stories/1999/12/20/daily1.html|title=RadiSys to acquire IBM unit|date=December 20, 1999|work=Portland Business Journal|access-date=2009-07-09}} and Texas Micro in 1999,{{cite news|url=http://portland.bizjournals.com/portland/stories/2000/12/11/focus3.html|title=RadiSys turns its attention toward telecom market|last=Goldfield|first=Robert|date=December 8, 2000|work=Portland Business Journal|access-date=2009-07-09}} all of S-Link in 2001,{{cite news|url=http://portland.bizjournals.com/portland/stories/2001/04/16/daily43.html|title=RadiSys to complete acquisition of S-Link this week|date=April 19, 2001|work=Portland Business Journal|access-date=2009-07-09}} and Microware also in 2001.{{cite news|url=http://www.portlandtribune.com/news/story_2nd.php?story_id=5645|archive-url=https://web.archive.org/web/20110608045646/http://www.portlandtribune.com/news/story_2nd.php?story_id=5645|url-status=dead|archive-date=June 8, 2011|title=Business Briefs: RadiSys completes offer, acquires Microware Corp|date=August 14, 2001|work=The Portland Tribune|access-date=2009-07-10}} Radisys also moved some production to China in order to take advantage of the lower manufacturing costs.{{cite news|url=http://www.portlandtribune.com/news/story.php?story_id=29709|archive-url=https://web.archive.org/web/20110608045720/http://www.portlandtribune.com/news/story.php?story_id=29709|url-status=dead|archive-date=June 8, 2011|title=Firm's flight to China fits the industry|last=Bell|first=Jon|date=May 3, 2005|work=The Portland Tribune|access-date=2009-07-10}}

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.{{cite news|url=http://portland.bizjournals.com/portland/stories/2003/01/27/daily32.html|title=RadiSys turns a profit|date=January 29, 2003|work=Portland Business Journal|access-date=2009-07-09}} That year Scott Grout was named as chief executive officer of the company and C. Scott Gibson became the chairman of the board,{{cite news|url=http://portland.bizjournals.com/portland/stories/2002/10/07/daily1.html|title=RadiSys finds a new leader|date=October 7, 2002|work=Portland Business Journal|access-date=2009-07-09}} both replacing Glen Myers who co-founded the company.{{cite news|url=http://portland.bizjournals.com/portland/stories/2002/11/18/story2.html|title=RadiSys moving away from telecom reliance|last=Earnshaw|first=Aliza|date=November 15, 2002|work=Portland Business Journal|access-date=2009-07-09}} The company sold off its signaling gateway line in 2003.{{cite news|url=http://portland.bizjournals.com/portland/stories/2003/04/14/daily16.html|title=RadiSys sells signaling gateway division|date=April 15, 2003|work=Portland Business Journal|access-date=2009-07-09}}

They raised $97 million through selling convertible senior notes in November 2003.{{cite news|url=http://portland.bizjournals.com/portland/stories/2003/11/10/daily53.html|title=RadiSys offering nets $97 million|last=Earnshaw|first=Aliza|date=November 14, 2003|work=Portland Business Journal|access-date=2009-07-09}} In 2004, the company stopped granting stock options to employees and transitioned to giving restricted shares for some compensation.{{cite news|url=http://portland.bizjournals.com/portland/stories/2006/10/02/story4.html|title=RadiSys puts choice in employee hands|last=Earnshaw|first=Aliza|date=September 29, 2006|work=Portland Business Journal|access-date=2009-07-09}} Radisys grew to annual revenues of $320 million by 2005.{{cite news|url=http://portland.bizjournals.com/portland/stories/2005/12/05/story5.html|title=Damn Wall Street wisdom; RadiSys full speed ahead|last=Earnshaw|first=Aliza|date=December 2, 2005|work=Portland Business Journal|access-date=2009-07-09}} The company continued to grow through acquisitions such as a $105 million deal that added Convedia Corp. in 2006.{{cite news|url=http://portland.bizjournals.com/portland/stories/2007/08/06/story3.html|title=RadiSys investors look for acquisition payoff|last=Earnshaw|first=Aliza|date=August 3, 2007|work=Portland Business Journal|access-date=2009-07-09}}{{cite news|url=http://portland.bizjournals.com/portland/stories/2006/08/28/story6.html|title=RadiSys deal draws praise from Wall Street analysts|last=Earnshaw|first=Aliza|date=August 25, 2006|work=Portland Business Journal|access-date=2009-07-09}} Radisys continued buying assets when it purchased part of Intel's communications business for about $30 million in 2007.{{cite news|url=http://portland.bizjournals.com/portland/stories/2007/09/10/daily1.html|title=RadiSys to acquire some of Intel's telecommunication assets|date=September 10, 2007|work=Portland Business Journal|access-date=2009-07-09}} After five-straight quarterly losses, the company posted a profit of $481,000 in their 2009 fourth quarter.{{cite news|url=http://blog.oregonlive.com/siliconforest/2010/02/radisys_quarterly_results.html|title=RadiSys returned to profitability in fourth quarter|last=Rogoway|first=Mike|date=February 2, 2010|work=The Oregonian|access-date=3 February 2010}}

In May 2011, the company announced they were buying Continuous Computing for $105 million in stock and cash.{{cite news|last=Siemers|first=Erik|title=RadiSys makes $105M deal, gets new CEO|url=http://www.bizjournals.com/portland/news/2011/05/03/radisys-makes-105m-deal-gets-new-ceo.html|access-date=6 May 2011|newspaper=Portland Business Journal|date=May 3, 2011}} Once the transaction was completed in July 2011, Continuous' CEO Mike Dagenais became the CEO of Radisys.{{cite news|last=Siemers|first=Erik|title=Radisys CEO leaves, CFO Bronson steps in|url=http://www.bizjournals.com/portland/news/2012/10/01/radisys-ceo-resigns-long-time-cfo.html?page=all|access-date=October 1, 2012|newspaper=Portland Business Journal|date=October 1, 2012}}{{cite news|url=http://portland.bizjournals.com/portland/stories/2009/04/27/daily25.html|title=Non-cash charge leads to loss at RadiSys|date=April 28, 2009|work=Portland Business Journal|access-date=2009-07-09}} Dagenais left the company in October 2012 with former CFO Brian Bronson taking over as CEO. In 2018, Reliance Industries acquired Radisys.{{Cite web |title=Reliance acquires Radisys for 5G and IoT |url=https://www.zdnet.com/article/reliance-acquires-radisys-for-5g-and-iot/ |access-date=2024-10-31 |website=ZDNET |language=en}} Arun Bhikshesvaran took over as CEO in July 2019.{{Cite web|title=Reliance-owned Radisys taps ex-Ericsson exec as new CEO|url=https://www.bizjournals.com/portland/news/2019/08/06/reliance-owned-radisys-taps-ex-ericsson-exec-as.html|access-date=2019-08-27|website=www.bizjournals.com}}File:RadiSys HQ.JPG

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 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,{{Cite web|url=https://www.telecomtv.com/content/radio-access-network/radisys-contributes-5g-software-code-to-the-o-ran-alliance-35670/|title=Radisys contributes 5G software code to the O-RAN Alliance|last=Daniels|first=Guy|date=2019-07-03|website=TelecomTV|language=en|access-date=2019-08-27}} computer architecture and systems integration. In 2009, Radisys' biggest customers were Philips Healthcare, Agilent, Fujitsu, Danaher Corporation, and Nokia Siemens Network (NSN). NSN was the largest single customer, totaling over 43% of revenues.