RadiSys Announces New Board Member
HILLSBORO, Ore.--(BUSINESS WIRE)-- RadiSys® Corporation (NASDAQ: RSYS), a leading provider of innovative hardware and software platforms for next generation IP-based wireless, wireline and video networks, announced the appointment of David Nierenberg to its Board of Directors, effective March 16, 2011. Mr. Nierenberg has extensive experience in corporate strategy, corporate governance, management consulting and venture capital and public company investing. Mr. Nierenberg is the President of Nierenberg Investment Management Company, which is a long-term shareholder of RadiSys.
Commenting on the appointment, Scott Grout, RadiSys President and CEO stated, "I am very pleased that David has agreed to serve as a member of our Board of Directors. As our largest shareholder over the past six plus years, David has provided valuable insight in a number of strategic areas, and we are excited to now bring him on as part of the Board. David brings experience in business strategy, capital markets and M&A and is an active member of other public and private companies.”
David Nierenberg is the founder and President of Nierenberg Investment Management Company, Inc. He currently serves on the Board of Directors of Electro Scientific Industries along with other private companies. Previously, Mr. Nierenberg was with venture capital firms Trinity Ventures and G.E. Venture Capital. He started his career in management consulting with Bain & Company, eventually becoming a partner. He holds both a Bachelor of Arts and Juris Doctor from Yale University.
About RadiSys
RadiSys (NASDAQ: RSYS) is a leading provider of innovative hardware and software platforms for next generation IP-based wireless, wireline and video networks. RadiSys products include its market leading ATCA and IP Media Server platforms as well as application software for new IP-based communications services. These products enable customers to bring more new high-value applications and services to market faster with a lower investment. RadiSys products are used in a wide variety of applications including 3G/4G/LTE wireless voice, data and video, Femtocell, VoIP and Video over IP communications and conferencing, Voice Quality Enhancement (VQE), and secure defense communications. For more information, visit http://www.radisys.com, write to info@radisys.com, or call 800-950-0044 or 503-615-1100. Editors seeking more information may contact Lyn Pangares at RadiSys Corporation at 503-615-1220 or lyn.pangares@radisys.com.
RadiSys® is a registered trademark of RadiSys Corporation.
CONTACT:
RadiSys Corporation
Brian Bronson, 503-615-1281
Chief Financial Officer
brian.bronson@radisys.com
or
Holly Stephens, 503-615-1321
Finance and Investor Relations Manager
holly.stephens@radisys.com
KEYWORDS: United States North America Oregon
INDUSTRY KEYWORDS: Technology Hardware Networks Audio/Video Telecommunications Satellite Security Mobile/Wireless VoIP
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