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 $750 million (2012)[1]
Operating income N/A
Net income N/A
Employees 2,800 (March 2013)
Website www.mathworks.com

The MathWorks, Inc., branded as simply MathWorks, is an American privately held 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 March 2013, it employed 2,800 people worldwide with 70% located at the company's headquarters in Natick, Massachusetts, USA.

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 company started its global expansion in 1997, with an office in the United Kingdom. The years that followed saw 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 China opened in 2007, India in 2008 and the company established a direct presence in Japan in 2009. In 2007, MathWorks acquired Polyspace Technologies [4] and started including the Polyspace products in their MATLAB releases in 2008. In 2008, MathWorks acquired SciFace Software GmbH & Co. KG, makers of MuPAD,[5] and started including MuPAD in their Symbolic Math Toolbox, replacing the existing Maple engine.[6] 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.[7] In April 2013, the company again expanded its footprint in Natick by an additional 500,000-square-foot (46,000 m2) with the purchase of the former headquarters of Boston Scientific.[8]

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.[9] 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.[10]

Logo

The logo represents the first vibrational mode of a thin L-shaped membrane, clamped at the edges, and governed by the wave equation.[11]

References

  1. ↑ "MathWorks Company Overview". Retrieved May 1, 2012. 
  2. ↑ 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. Retrieved Jan 14, 2011. 
  3. ↑ 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. Retrieved April 14, 2010. 
  4. ↑ "The MathWorks Acquires PolySpace Technologies, Leading Developer of Embedded System Code Verification Tools". MathWorks. Retrieved 18 January 2013. 
  5. ↑ "SciFace Software and MuPAD Pro Acquired by The MathWorks". MacKichan Software Inc. Retrieved 18 January 2013. 
  6. ↑ http://www.mathworks.co.uk/products/new_products/r2008b_transition.html
  7. ↑ "MathWorks buys Natick building to create campus". The Metrowest Daily News. December 30, 2009. Retrieved April 14, 2010. 
  8. ↑ "MathWorks pays $55M for Boston Scientific’s Natick HQ". Boston Business Journal. April 5, 2013. Retrieved May 1, 2013. 
  9. ↑ "MathWorks - Social Mission". Natick, MA: MathWorks. Retrieved April 12, 2010. 
  10. ↑ Strom, Stephanie (February 11, 2010, page A10). "Small Fund-Raisers for Victims Start to Add Up". The New York Times. Retrieved April 12, 2010. 
  11. ↑ Moler, Cleve (2003). "The MathWorks Logo is an Eigenfunction of the Wave Equation". Natick, MA: MathWorks. Retrieved 2013-11-23. 

External links

Coordinates: 42°18′01″N 71°21′01″W / 42.30025°N 71.35039°W / 42.30025; -71.35039

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