5/9/2003 - RadiSys Corp. (Nasdaq: RSYS), a leading provider of embedded systems, announced Ted Ridgway has been hired as vice president of business development. Ridgway joined RadiSys on Monday, May 5, 2003 and in this new position, he reports to Fred Yentz, VP of Marketing and Business Development.
As VP of Business Development, Ridgway will focus on building strategic partnerships in the rapidly evolving embedded systems industry. Partnering with key organizations will enable RadiSys to build on its history of delivering superior solutions that reduce overall costs and improve time to market for their customers.
"Ted is a strong addition to our organization and we are very pleased to add an individual with his expertise and career accomplishments to the team," said Scott Grout, RadiSys president and CEO. "Having someone with Ted's experience and background driving strategic partnerships for us will have a strong impact on our business."
Before joining RadiSys, Ridgway spent 14 years as an investment banker in mergers and acquisitions, corporate finance and restructuring capacities, helping growth companies achieve strategic and financial goals. Most recently he was a director in the Technology Group at CSFB. Prior to joining CSFB in 2000, Ridgway was a principal at Volpe Brown Whelan & Co., where he worked with healthcare technology companies. Prior to Joining VBW in 1990, Ridgway held positions in the M&A group at Salomon Brothers Inc.
Ridgway has a BA in Economics from University of North Carolina at Chapel Hill where he was a Morehead Scholar and an MBA from the University of California at Los Angeles.
RadiSys is a leading global provider of embedded solutions to the commercial systems, enterprise systems, and service provider systems markets. Using its extensive expertise in a wide variety of technologies, RadiSys focuses on industry-leading architecture while working in a close "virtual division" relationship with its customers -- significantly improving their time-to-market advantage and reducing cost. The broad range of RadiSys product offerings include board-level embedded computers; blade servers; motherboards; network interfaces and packet processing engines; communications middleware and software such as SS7/IP internetworking and protocol stacks; platforms based on PCI, CompactPCI, CompactPCI 2.16 and ATCA; turnkey gateway systems and professional services.
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