Radisys Corporation is a publicly traded 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 companys 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. In 2015, Radisys first-quarter revenues totaled $48.7 million, and employed 700 people. Brian Bronson is the companys chief executive officer. RadiSys was founded in 1987 as Radix Microsystems in Beaverton, Oregon, 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 companys 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 IBMs 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.