Concurrent Computer Corporation
Concurrent Computer Corporation was an American computer company, in existence from 1985 to 2017, that made real-time computing and parallel processing systems. Its products powered a variety of applications including process control, simulators, data acquisition, and video-on-demand. It was based in Monmouth County, New Jersey, initially, and then later in Fort Lauderdale, Florida and Duluth, Georgia.
Type | Public |
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Nasdaq: CCUR | |
Industry | Computer systems |
Founded | 1985 |
Fate | 2017, pieces acquired by Battery Ventures and Vecima Networks |
Headquarters | |
Key people |
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Products |
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Revenue | $247 million (1987) |
Number of employees |
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Website | www |
Origins and initial efforts
The company was created in November 1985 when the computing division of Perkin-Elmer, the Data Systems Group, was spun off as a separate company.[1] The computing group, which had started out as the company Interdata before Perkin-Elmer acquired it in 1974,[1] had been profitable with sales of $259 million, but had tended to have reduced visibility within the computing industry due to being owned by a diversified parent.[2] At first, the new company was a wholly owned subsidiary of Perkin-Elmer, but with the intentions of putting a minority ownership in the company up for a public stock offering.[1] This was subsequently done, with Perkin-Elmer retaining an 82 percent stake in Concurrent;[3] the remainder went on sale in February 1986 and opened at $20 per share.[4] The stock traded on the NASDAQ exchange.[4]
James K. Sims, who had been general manager of the computer unit within Perkin-Elmer,[2] became president and CEO of the new company.[1] It had a large presence in Monmouth County, New Jersey, with some 1,700 staff making it one of the county's largest private employers.[2] Its plant in Oceanport had 800 employees alone.[2]
By 1987, Concurrent had nine separate offices in various locations in Monmouth County.[5] Corporate headquarters had initially been Holmdel, but during 1987 moved to Tinton Falls.[5]
The initial focus of Concurrent Computer Corporation was in the 32-bit superminicomputer market, with an offering that emphasized parallel processing.[1] Their oldest product was the Series 3200, which came from its Interdata heritage and was based around the proprietary 3280 processor and OS/32 real-time operating system.[6] Two newer products were the Series 5000, based on a Motorola 68020 processor, and the Series 6000, based on a Motorola 68030.[6] In these products, the company focused on the market for high-end, rapid-response applications.[3] Aircraft simulators were an especially important market.[7]
Many of Concurrent's customers were in the defense and aerospace industry.[8] Accordingly, Concurrent offered a line of compilers for the Ada programming language that at the time was often mandated for such applications.[6] The company's C3Ada product came out in 1987; it ran on OS/32 and was among the early wave of commercial products to get past the strenuous Ada Compiler Validation Capability (ACVC) validation suite.[9] The company's languages group investigated the challenges of implementing Ada, with its built-in tasking feature, on a real-time system with multiple processors,[7] and in how best the requirements of real-time systems could be expressed in the language.[10]
The Fortran programming language was perhaps the most popular choice for applications on the Concurrent platform.[9] Optimizing Fortran for a shared-memory multiprocessor presented special issues regarding do loops and cache thrashing, a subject that the compiler staff at Concurrent studied extensively.[11]
By 1988, there were some 2,800 employees in the company overall,[4] and at its peak, the Oceanport manufacturing facility would have nearly 1,000 people working at it.[12] Revenue for 1987 was $247 million.[4]
Merger with MASSCOMP
An announcement was made on August 1, 1988,[4] that there would be a merger between Concurrent Computer Corporation and the Massachusetts Computer Corporation (MASSCOMP).[13] Technically, MASSCOMP purchased Concurrent for $241 million and was the surviving company, even though Concurrent was more than three times the larger of the two.[3][8] This "minnow-swallows-the-whale" style of merger was prevalent during the 1980s and in this case, as often happened in the era, it was largely financed by junk bonds.[8] As part of the deal, MASSCOMP bought out Perkin-Elmer's share in Concurrent.[3] Unusually, the merged entity kept the name Concurrent Computer Corporation and Sims remained as CEO of it.[3] The merged company's headquarters was the one used for Concurrent in New Jersey,[6] which was also somewhat atypical.[8] The transaction closed on September 27, 1988.[14]
The idea behind the merger was to use MASSCOMP's lower-end offerings in the real-time space to complement Concurrent's higher-end products.[3] In addition, MASSCOMP brought expertise in the Unix operating system, which was rapidly becoming the popular choice for these kind of system offerings.[13] The MASSCOMP flavor of Unix was called RTU, for Real-time Unix.[16] It was featured as the operating system on the Series 5000 and Series 6000 systems.[6]
As it happened, the merger was fraught with obstacles.[13] The debt load imposed by the acquisition proved difficult to reduce, a problem made worse by the advent of the early 1990s recession in the United States, and there were a series of layoffs in the Monmouth County facilities.[8] There were also severe clashes of company culture and dueling product development teams.[13] Finally, improved offerings in the real-time space by larger competitors such as IBM and Digital Equipment Corporation proved difficult to undercut.[13] As one industry analyst subsequently said, the merger "didn't produce anything but problems for Concurrent."[17] In 1990 there was a change at the CEO position at Concurrent, with Sims out and Denis R. Brown in.[8] Soon as well a turnaround expert had been brought in.[13] Another CEO switch happened in 1993, with John Stihl taking over.[17]
The company continued to be involved in the Ada language world during the 1990s. This included being a rapporteur during the Ada 9X definition process,[10] as well as participating in the definition of the Ada Semantic Interface Specification (ASIS).[18]
By the early 1990s, Concurrent had about 1,250 employees.[19] It put out the Series 8000 product, which was based on the MIPS R3000 processor with RTU running on it.[6] The company's major sales areas were in applications that included weather forecasting, air control, radar simulation, and financial trading.[19]
Merger with Harris Computer Systems
Due to repayments and a debt-for-equity swap, by 1995 the company's debt load had been reduced from $200 million to under $25 million.[17] A competitor at this point was Harris Computer Systems,[20] a real-time computer systems enterprise recently spun off from Harris Corporation.[21] In 1995, Harris Computer Systems, led by its chief executive E. Courtney "Corky" Siegel, looked to buy Concurrent Computer Corporation, but the discussions ended in acrimony.[17]
Negotiations resumed the following year, albeit in the opposite direction, and in June 1996, Concurrent acquired the high-performance computer business of Harris Computer Systems.[20] However, the corporate headquarters was moved from New Jersey to Harris's location of Fort Lauderdale, Florida.[20] Most of the rest of the New Jersey operations, which had been dwindling due to rounds of layoffs and employees leaving, soon followed.[12] As the Asbury Park Press wrote of the Oceanport facility, "The former headquarters of Concurrent Computer Corp. [is] a once bustling place that has been nearly emptied by corporate downsizing".[15] In July 1997, Concurrent sold the Oceanport building, although it still leasebacked a smaller manufacturing and servicing capability within it,[12] responsible for keeping going an older product line.[15]
In 1999, the headquarters of Concurrent was again moved, to Duluth, Georgia, in the Atlanta metropolitan area.[21] Now CEO of Concurrent, Siegel said the relocation was for better executive access to the rest of the country and for a better talent pool; a factory remained in Pompano Beach, Florida.[22] While Siegel wanted to emphasize the company's video-on-demand product, called MediaHawk, most of the company's $82 million in annual revenues still came from the real-time systems product line.[22]
By the early 2000s, Concurrent was continuing its focus on the video-on-demand market and was selling to companies such as AOL Time Warner and Cox Communications.[23] It also still had a presence in the defense industry, though, with Lockheed Martin as a customer.[23] Its real-time systems were run using RedHawk Linux, Concurrent's adaptation of Red Hat Enterprise Linux for real-time requirements.[24] By this time, Concurrent's systems were based on the Intel/AMD processor architecture.[24] Technologies such as these were included in Concurrent's iHawk systems product.[25]
End
During 2017, the pieces of Concurrent Computer Corporation were sold off. In May 2017, the real-time systems business was acquired by the private equity firm Battery Ventures for $35 million.[26] The resulting division was named Concurrent Real-Time, which was later acquired for $166.7 million by Brüel & Kjær, a subsidiary of Spectris plc, in July 2021.[27][28] In October 2017, the video content delivery and storage business was acquired by the Canadian telecommunications firm Vecima Networks for $29 million,[29] in a transaction that appears to have closed in very early 2018.[30]
References
- "Computers: Deals: Perkin-Elmer floating its computer company". The Age. November 26, 1985. p. 49 – via Newspapers.com.
- Hordt, Robert (November 14, 1985). "Perkin-Elmer frees computer unit". Asbury Park Press. pp. E11, E14 – via Newspapers.com.
- Fisher, Lawrence M. (August 3, 1988). "Business People: Concurrent Chief to Get Top Jobs After Merger". The New York Times. p. D4.
- Cavaluzzi, Joseph; Jackson, Jeanne (August 2, 1988). "Tinton Falls company announces merger plan". Asbury Park Press. pp. C8, C10 – via Newspapers.com.
- Alper, Alan (July 6, 1987). "Concurrent restructures, slims staff". Computerworld. p. 76.
- "Ada Validated Compilers List". Lanham, Maryland: Ada Information Clearinghouse. July 1, 1992. pp. 7–8 (Section 1), 1 (Section 2).
- Domitz, R. O. (October 1987). "Real-time Ada debugging". IRTAW '87: Proceedings of the first international workshop on Real-time Ada issues. pp. 18–20. doi:10.1145/36821.36795.
- Ward, John T. (September 16, 1990). "CEOs change, but problems remain". Asbury Park Press. pp. B1, B2 – via Newspapers.com.
- Alper, Alan (April 6, 1987). "Real-time Ada bows". Computerworld. p. 13.
- Burns, Alan; Eventoff, William (September–October 1991). "Asynchronism in Ada 9X". ACM SIGAda Ada Letters. XI (6): 66–68. doi:10.1145/122019.122023. S2CID 34820243.
- Venugopal, Sesh; Eventoff, William (June 1991). "Automatic transformation of FORTRAN loops to reduce cache conflicts". ICS '91: Proceedings of the 5th international conference on Supercomputing. pp. 183–193. doi:10.1145/109025.109075.
- "Weekly Business: Region in Review: Company moving to complex". Asbury Park Press. July 13, 1997. p. B2 – via Newspapers.com.
- Margolis, Nell (December 10, 1990). "Can Concurrent make a comeback?". Computerworld. pp. 103, 106.
- "Concurrent consolidation complete; factory workers needed". The Sunday Register. Shrewsbury, New Jersey. October 16, 1988. p. 7D – via Newspapers.com.
- Fazzi, Raymond (October 9, 1996). "Concurrent will sell building". Asbury Park Press. pp. C1, C3 – via Newspapers.com.
- Russell, Channing H.; Waterman, Pamela J. (December 1987). "Variations on UNIX for parallel-processing computers". Communications of the ACM. 30 (12): 1048–1055. doi:10.1145/33447.33450. S2CID 7561881.
- Munoz, Daniel J. (June 14, 1995). "Anatomy of a Failed Merger". NJBiz. Retrieved April 24, 2022.
- Colket, Currie; Barnes, Gary; Blake, Steve; Cooper, Dan; Jørgensen, Jesper; Roby, Clyde; Rittersdorf, Dan; Ryben, Sergey; Strohmeier, Alfred; Thomas, Bill (January–February 1997). "Architecture of ASIS: A tool to Support Code Analysis of Complex Systems". ACM SIGAda Ada Letters. XVII (1): 35–40. doi:10.1145/249984.249991. S2CID 37147893.
- "Company News: Concurrent Computer to Expand Sales Force by 10%". The New York Times. Bloomberg News. April 21, 1993. p. D4.
- Fazzi, Raymond (June 27, 1996). "Concurrent may make its move soon". Asbury Park Press. pp. C1, C6 – via Newspapers.com.
- Lorek, L. A. (August 24, 1999). "Concurrent Moves HQ to Atlanta". South Florida Sun-Sentinel.
- Clothier, Mark (June 12, 1999). "Video-on-demand unit of Florida firm moving to Duluth". The Atlanta Journal-Constitution. p. F2 – via Newspapers.com.
- "Technology Briefing: Hardware: Concurrent Computer Shares Plunge". The New York Times. Bloomberg News. March 19, 2003. p. C5.
- Morgan, Timothy Prickett (December 1, 2009). "Concurrent unhoods RedHawk Linux 5.4". The Register.
- "Concurrent Computer Corporation iHawk Systems Chosen By Eurocopter, an EADS company, For Training Simulators" (Press release). Bloomberg News. December 2, 2003.
- "Brief: Concurrent Computer sells real-time business segment to Battery Ventures". Reuters. May 15, 2017.
- Castia, Matteo (April 1, 2021). "Spectris Buys Concurrent Real-Time From Battery Ventures for $166.7 Million". The Wall Street Journal. Dow Jones & Company. Archived from the original on April 10, 2021.
- Gavine, Adam (July 16, 2021). "Spectris completes acquisition of Concurrent Real-Time". Vehicle Dynamics International. Mark Allen Group Limited. Archived from the original on May 9, 2022.
- "Vecima to Acquire Video Content Delivery & Storage Business from Concurrent" (Press release). GlobeNewsWire. October 16, 2017.
- "Vecima Closes Acquisition of Concurrent" (Press release). GlobeNewsWire. January 2, 2018.
External links
- Official website of Concurrent Computer Corporation at the Wayback Machine (archived May 19, 2005)
- Official website of Concurrent Real-Time – post-2017 products site
- "Concurrent Computer Corporation", International Directory of Company Histories, c. 2005, as hosted at Encyclopedia.com
- Entry at Northeast Parallel Architectures Center Archived 2022-03-31 at the Wayback Machine at Syracuse University