RadiSys
Encyclopedia
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
networks, 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. In July 2011, Radisys has closed the acquisition of San Diego based Continuous Computing Corporation, and named Mike Dagenais as the its chief executive officer
.
, by former Intel engineers Dave Budde and Glen Myers. The first investors were employees who put up $50,000 each, with Tektronix
later investing additional funds into the company. Originally located in space leased from Sequent Computer Systems
, 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 to paint mixers. On October 20, 1995, the company became a publicly traded company when it held an initial public offering
(IPO). The IPO raised $19.6 million for RadiSys after selling 2.7 million shares at $12 per share.
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. 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
'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 Intel'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 is completed, Continuous' CEO will take over the same position with RadiSys, while RadiSys CEO Scott Grout moves to the company's board of directors.
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
), China (Shanghai
), Malaysia (Penang
), and Canada (Burnaby, BC
). Other locations include Shenzhen
in China, Dublin, and sales offices around the world. Overall, the company only builds about 15 percent of their products, with the remainder outsourced
to other companies.
s 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 to name a few.
The company collaborates with its customer's in-house engineering groups, providing expertise in computer architecture
, systems integration, embedded operating system
s 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. Individual products include their Convedia Media Servers and Procelerant blades
. As of 2009, RadiSys' biggest customers are Philips Healthcare, Agilent, Fujitsu
, Danaher Corporation
, and Nokia Siemens Network (NSN). NSN was the largest single customer, totaling over 43% of revenues.
Embedded system
An embedded system is a computer system designed for specific control functions within a larger system. often with real-time computing constraints. It is embedded as part of a complete device often including hardware and mechanical parts. By contrast, a general-purpose computer, such as a personal...
s and related technology, located in Hillsboro, Oregon
Hillsboro, Oregon
Hillsboro is the fifth-largest city in the U.S. state of Oregon and is the county seat of Washington County. Lying in the Tualatin Valley on the west side of the Portland metropolitan area, the city is home to many high-technology companies, such as Intel, that compose what has become known as the...
, United States. Founded in 1987 in Oregon
Oregon
Oregon is a state in the Pacific Northwest region of the United States. It is located on the Pacific coast, with Washington to the north, California to the south, Nevada on the southeast and Idaho to the east. The Columbia and Snake rivers delineate much of Oregon's northern and eastern...
by former employees of Intel, the company went public in 1995. Products and services include computer architecture
Computer architecture
In computer science and engineering, computer architecture is the practical art of selecting and interconnecting hardware components to create computers that meet functional, performance and cost goals and the formal modelling of those systems....
, systems integration, embedded operating system
Embedded operating system
An embedded operating system is an operating system for embedded computer systems. These operating systems are designed to be compact, efficient, and reliable, forsaking many functions that non-embedded computer operating systems provide, and which may not be used by the specialized applications...
s, and middleware
Middleware
Middleware is computer software that connects software components or people and their applications. The software consists of a set of services that allows multiple processes running on one or more machines to interact...
, mainly in the communications networking and commercial fields. The company's products are used by original equipment manufacturer
Original Equipment Manufacturer
An original equipment manufacturer, or OEM, manufactures products or components that are purchased by a company and retailed under that purchasing company's brand name. OEM refers to the company that originally manufactured the product. When referring to automotive parts, OEM designates a...
s in equipment such as MRI scanners, wireless
Wireless
Wireless telecommunications is the transfer of information between two or more points that are not physically connected. Distances can be short, such as a few meters for television remote control, or as far as thousands or even millions of kilometers for deep-space radio communications...
networks, 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. In July 2011, Radisys has closed the acquisition of San Diego based Continuous Computing Corporation, and named Mike Dagenais as the its chief executive officer
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
.
History
RadiSys was founded in 1987 as Radix Microsystems in Beaverton, OregonBeaverton, Oregon
Beaverton is a city in Washington County, Oregon, United States, seven miles west of Portland in the Tualatin River Valley.As of the 2010 census, the population is 90,267. This makes it the second-largest city in the county and Oregon's sixth-largest city...
, by former Intel engineers Dave Budde and Glen Myers. The first investors were employees who put up $50,000 each, with Tektronix
Tektronix
Tektronix, Inc. is an American company best known for its test and measurement equipment such as oscilloscopes, logic analyzers, and video and mobile test protocol equipment. In November 2007, Tektronix became a subsidiary of Danaher Corporation....
later investing additional funds into the company. Originally located in space leased from Sequent Computer Systems
Sequent Computer Systems
Sequent Computer Systems, or Sequent, was a computer company that designed and manufactured multiprocessing computer systems. They were among the pioneers in high-performance symmetric multiprocessing open systems, innovating in both hardware and software Sequent Computer Systems, or Sequent, was...
, 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 to paint mixers. On October 20, 1995, the company became a publicly traded company when it held an initial public offering
Initial public offering
An initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises...
(IPO). The IPO raised $19.6 million for RadiSys after selling 2.7 million shares at $12 per share.
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. 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
IBM
International Business Machines Corporation or IBM is an American multinational technology and consulting corporation headquartered in Armonk, New York, United States. IBM manufactures and sells computer hardware and software, and it offers infrastructure, hosting and consulting services in areas...
'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 Intel'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
Continuous Computing
Founded in 1998, “Continuous Computing” is a privately held company based in San Diego that provides telecom systems made up of telecom platforms and Trillium software, including protocol software stacks for femtocells and 4G wireless / Long Term Evolution . The company also sells standalone...
for $105 million in stock and cash. Once the transaction is completed, Continuous' CEO will take over the same position with RadiSys, while RadiSys CEO Scott Grout moves to the company's board of directors.
Operations
The company's world headquarters are located in the Dawson Creek Industrial Park adjacent to the headquarters of FEI CompanyFEI Company
FEI Company , founded in 1971, is an American supplier of electron microscopy tools to researchers, developers and manufacturers working on the nanoscale. Headquartered in Hillsboro, Oregon, the company employs 1,770 people worldwide....
in Hillsboro, Oregon, within the Portland metropolitan area
Portland metropolitan area
The Portland-Vancouver-Hillsboro, OR-WA Metropolitan Statistical Area , also known as the Portland metropolitan area or Greater Portland, is an urban area in the U.S. states of Oregon and Washington centered around the city of Portland, Oregon. The U.S...
. RadiSys had over 280 people in its research and development department as of 2009, located in offices in the United States (Oregon, Iowa
Iowa
Iowa is a state located in the Midwestern United States, an area often referred to as the "American Heartland". It derives its name from the Ioway people, one of the many American Indian tribes that occupied the state at the time of European exploration. Iowa was a part of the French colony of New...
, Florida
Florida
Florida is a state in the southeastern United States, located on the nation's Atlantic and Gulf coasts. It is bordered to the west by the Gulf of Mexico, to the north by Alabama and Georgia and to the east by the Atlantic Ocean. With a population of 18,801,310 as measured by the 2010 census, it...
), China (Shanghai
Shanghai
Shanghai is the largest city by population in China and the largest city proper in the world. It is one of the four province-level municipalities in the People's Republic of China, with a total population of over 23 million as of 2010...
), Malaysia (Penang
Penang
Penang is a state in Malaysia and the name of its constituent island, located on the northwest coast of Peninsular Malaysia by the Strait of Malacca. It is bordered by Kedah in the north and east, and Perak in the south. Penang is the second smallest Malaysian state in area after Perlis, and the...
), and Canada (Burnaby, BC
Burnaby, British Columbia
Burnaby is a city in British Columbia, Canada, located immediately to the east of Vancouver. It is the third-largest city in British Columbia by population, surpassed only by nearby Surrey and Vancouver....
). Other locations include Shenzhen
Shenzhen
Shenzhen is a major city in the south of Southern China's Guangdong Province, situated immediately north of Hong Kong. The area became China's first—and one of the most successful—Special Economic Zones...
in China, Dublin, and sales offices around the world. Overall, the company only builds about 15 percent of their products, with the remainder outsourced
Outsourcing
Outsourcing is the process of contracting a business function to someone else.-Overview:The term outsourcing is used inconsistently but usually involves the contracting out of a business function - commonly one previously performed in-house - to an external provider...
to other companies.
Products
RadiSys focuses on two markets: communications networking and commercial systems. The later makes products for use in the testing, medical imaging, defense, and industrial automation fields. For example, end-products that RadiSys' is a supplier to original equipment manufacturerOriginal Equipment Manufacturer
An original equipment manufacturer, or OEM, manufactures products or components that are purchased by a company and retailed under that purchasing company's brand name. OEM refers to the company that originally manufactured the product. When referring to automotive parts, OEM designates a...
s 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 to name a few.
The company collaborates with its customer's in-house engineering groups, providing expertise in computer architecture
Computer architecture
In computer science and engineering, computer architecture is the practical art of selecting and interconnecting hardware components to create computers that meet functional, performance and cost goals and the formal modelling of those systems....
, systems integration, embedded operating system
Embedded operating system
An embedded operating system is an operating system for embedded computer systems. These operating systems are designed to be compact, efficient, and reliable, forsaking many functions that non-embedded computer operating systems provide, and which may not be used by the specialized applications...
s such as OS-9
OS-9
OS-9 is a family of real-time, process-based, multitasking, multi-user, Unix-like operating systems, developed in the 1980s, originally by Microware Systems Corporation for the Motorola 6809 microprocessor. It is currently owned by RadiSys Corporation....
, ASIC
Application-specific integrated circuit
An application-specific integrated circuit is an integrated circuit customized for a particular use, rather than intended for general-purpose use. For example, a chip designed solely to run a cell phone is an ASIC...
design, and middleware
Middleware
Middleware is computer software that connects software components or people and their applications. The software consists of a set of services that allows multiple processes running on one or more machines to interact...
. Its modular platforms
Platform (computing)
A computing platform includes some sort of hardware architecture and a software framework , where the combination allows software, particularly application software, to run...
and building blocks are based on custom form factors as well as industry standards such as AdvancedTCA, COM Express
COM Express
COM Express, a computer-on-module form factor, is a highly integrated and compact PC that can be used in a design application much like an integrated circuit component. Each COM Express Module COM integrates core CPU and memory functionality, the common I/O of a PC/AT, USB, audio, graphics , and...
, CompactPCI
CompactPCI
A CompactPCI system is a 3U or 6U Eurocard-based industrial computer, where all boards are connected via a passive PCI backplane. The connector pin assignments are standardized by the PICMG US and PICMG Europe organizations. PICMG stands for PCI Industrial Computers Manufacturers Group...
, and PCI. Individual products include their Convedia Media Servers and Procelerant blades
Blade server
A blade server is a stripped down server computer with a modular design optimized to minimize the use of physical space and energy. Whereas a standard rack-mount server can function with a power cord and network cable, blade servers have many components removed to save space, minimize power...
. As of 2009, RadiSys' biggest customers are Philips Healthcare, Agilent, Fujitsu
Fujitsu
is a Japanese multinational information technology equipment and services company headquartered in Tokyo, Japan. It is the world's third-largest IT services provider measured by revenues....
, Danaher Corporation
Danaher Corporation
The Danaher Corporation , is a large global company headquartered in Washington, D.C., United States. Its products are concentrated in the fields of design, manufacture, and marketing of industrial and consumer products....
, and Nokia Siemens Network (NSN). NSN was the largest single customer, totaling over 43% of revenues.