Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
Radisys history
Radisys company history timeline
Radisys was founded in 1987 as Radix Microsystems in Beaverton, Oregon, by former Intel engineers Dave Budde and Glen Myers.
Originally located in space leased from Sequent Computer Systems, by 1994 the company had grown to annual sales of $20 million.
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.
IPO 1995 Acquired IBM OPEN Platform division
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.
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.
They raised $97 million through selling convertible senior notes in November 2003.
The company sold off its signaling gateway line in 2003.
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 was completed in July 2011, Continuous' CEO Mike Dagenais became the CEO of Radisys.
Arun Bhikshesvaran took over as CEO in July 2019.
© 2022 Radisys | Privacy Policy | Terms of Service
Rate how well Radisys lives up to its initial vision.
Radisys jobs
Do you work at Radisys?
Does Radisys communicate its history to new hires?
Radisys competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Broadcom | 1991 | $8.4B | 15,000 | 504 |
| Wind River | 1981 | $359.7M | 1,801 | 54 |
| HP | 1939 | $53.6B | 53,000 | 480 |
| Advanced Energy Industries | 1981 | $1.5B | 10,000 | - |
| KLA | 1997 | $9.8B | 11,300 | 230 |
| Conexant | 1996 | $112.0M | 312 | - |
| Hitachi Computer Products | 1985 | $52.0M | 350 | - |
| Seagate Technology | 1979 | $6.6B | 40,000 | 53 |
| Verilink | 1996 | $56.0M | 350 | - |
| ADIC (Advanced Digital Information Corporation) | 1983 | $110.0M | 1,109 | - |
Radisys history FAQs
Zippia gives an in-depth look into the details of Radisys, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Radisys. The employee data is based on information from people who have self-reported their past or current employments at Radisys. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Radisys. The data presented on this page does not represent the view of Radisys and its employees or that of Zippia.
Radisys may also be known as or be related to RADISYS CORP, RadiSys Corporation, Radisys, Radisys Corp. and Radisys Corporation.