- MathWorks
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MathWorks 
Type Private Industry Mathematical Computing Software Founded December 7, 1984 Headquarters Natick, Massachusetts, United States Area served Worldwide Key people CEO and President: Jack Little, Chief Scientist: Cleve Moler Products MATLAB, Simulink Revenue Approximately $600 million (2010)[1] Operating income N/A Net income N/A Employees 2,300 (Oct 2011) Website mathworks.com The MathWorks, Inc., branded as simply MathWorks, is a privately held, multi-national corporation that specializes in mathematical computing software. Its major products include MATLAB and Simulink. In addition to their application in industry and government, the company's tools are used for teaching and research at universities worldwide. As of October 2011, it employed 2,300 people worldwide with 70% located at the company's headquarters in Natick, Massachusetts.
Contents
History
MathWorks was founded in Portola Valley, California, by Jack Little (President & CEO), Cleve Moler (Chief Scientist), and Steve Bangert (now inactive) on December 7, 1984. Its flagship product, MATLAB, made its public debut at the IEEE Conference on Decision and Control in Las Vegas, Nevada that same year.[2] The company sold its first order, 10 copies of MATLAB, for $500 to the Massachusetts Institute of Technology (MIT) in February 1985.[3]
In 1986, MathWorks relocated to Massachusetts and following a decade of growth, settled into its current headquarters on Apple Hill Drive in the town of Natick in July 1999. By that time, the company had grown to nearly 1,000 people. The years that followed saw expansion internationally, with the opening of offices in Spain, Germany, France, The Netherlands, and Switzerland in 2000; an office in Italy in 2002; and locations in South Korea and Sweden in 2004. An office in India was opened in 2008 and the company established a direct presence in Japan in 2009. MathWorks also expanded its main campus in Massachusetts with the purchase of a 150,000-square-foot (14,000 m2) office building at Apple Hill in July 2008, followed by the purchase of another 170,000-square-foot (16,000 m2) building in the same complex in December 2009.[4]
Products & Services
See also:
Corporate Affairs
Social Responsibility
MathWorks refers to its corporate social responsibility program as its "Social Mission," which has five components: Investments in Education, Staff-Driven Initiatives, Local Community Support, Green Initiatives and Disaster Relief.[5] The company annually sponsors a number of student engineering competitions, including the SDR Forum's Smart Radio Challenge, where university teams build and demonstrate a software-defined radio; and EcoCAR, an advanced vehicle technology competition created by the United States Department of Energy (DOE) and General Motors (GM). It also is a supporter of public broadcasting, including National Public Radio (NPR)'s "Here and Now" program. The company was cited for its contributions to the 2010 Haiti earthquake relief efforts.[6]
Logo
The logo represents the first vibrational mode of a thin L-shaped membrane, clamped at the edges, and governed by the wave equation.[7]
References
- ^ "MathWorks Company Overview". http://www.mathworks.com/company/aboutus/. Retrieved May 18, 2011.
- ^ Schrader, C.B.; Spong, M.W. (Dec. 2004). "The IEEE Conference on Decision and Control - tracing CDC history". IEEE Control Systems Magazine 24 (6): 56–66. doi:10.1109/MCS.2004.1368481. http://ieeexplore.ieee.org/xpl/freeabs_all.jsp?arnumber=1368481. Retrieved Jan. 14, 2011.
- ^ Blanton, Kimberly (April 20, 1997). "At Mathworks, support + fun = success CEO Jack Little believes in power of his workers -- and their ideas". The Boston Globe. http://pqasb.pqarchiver.com/boston/access/11507144.html?FMT=ABS. Retrieved April 14, 2010.
- ^ "MathWorks buys Natick building to create campus". The Metrowest Daily News. December 30, 2009. http://www.metrowestdailynews.com/news/x1444026990/MathWorks-buys-Natick-building-to-create-campus. Retrieved April 14, 2010.
- ^ "MathWorks - Social Mission". Natick, MA: MathWorks. http://www.mathworks.com/company/aboutus/soc_mission/. Retrieved April 12, 2010.
- ^ Strom, Stephanie (February 11, 2010, page A10). "Small Fund-Raisers for Victims Start to Add Up". The New York Times. http://www.nytimes.com/2010/02/11/us/11charity.html. Retrieved April 12, 2010.
- ^ Moler, Cleve (2003). "The MathWorks Logo is an Eigenfunction of the Wave Equation". Natick, MA: MathWorks. http://www.mathworks.com/company/newsletters/news_notes/clevescorner/win03_cleve.html. Retrieved October 13, 2009.
External links
- MathWorks company page
- The Origins of MATLAB by Cleve Moler
- The Growth of MATLAB and The MathWorks over Two Decades by Cleve Moler
- Profile on Yahoo Finance
Coordinates: 42°18′01″N 71°21′01″W / 42.30025°N 71.35039°W
Categories:- Software companies of the United States
- Companies based in Massachusetts
- Companies established in 1984
- Natick, Massachusetts
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