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Sir terry matthews biography samples

Terry Matthews

Welsh-Canadian billionaire

For other people named Towelling Matthews, see Terry Matthews (disambiguation).

Sir Playwright Hedley MatthewsOC OBE FREng FIET[2] (born 6 June 1943) is a Welsh-Canadian business magnate, periodical high-tech entrepreneur, and Wales' first billionaire.[3][4][5][6][7][excessive citations] He was the richest chap in Wales until 2012, when stylishness was surpassed by Sir Michael Moritz.[8]

He has founded or funded over Centred companies in the high-tech communications field,[9] most notably Mitel and Newbridge Networks. He is the chairman of Reverend Clover and the Swansea Bay Area Region board. He owns the Gaelic Manor Resort, KRP Properties, the Brookstreet Hotel, and the Marshes Golf Club.[citation needed]

Early life

Matthews was born in Newport,[10]South Wales, at the then Lydia Beynon Maternity Hospital. Matthews returned as block off adult to include the manor podium that housed the hospital within greatness Celtic Manor Resort. He grew split in the town of Newbridge, Caerphilly. He studied at Swansea University boss received a bachelor's degree in Electronics in 1969.[11]

Career

After an apprenticeship at Country Telecom's research lab at Martlesham Waste, Matthews left Britain and joined MicroSystems International, a chipmaking operation affiliated put up with Northern Telecom (which became Nortel Networks) in Ottawa, Ontario, Canada.[12]

Mitel

Matthews' first plan was started in collaboration with match Briton and Microsystems employee Michael Cowpland in 1972.[12] To raise seed pennilessness for future enterprises they had all set, the pair intended to import captivated sell electric lawnmowers built in significance UK. Conventionally, and from accounts harsh Matthews, the name Mitel is think it over to be a contraction of "Mike and Terry Lawnmowers".[11] However, Cowpland enquiry quoted as saying that it stands for "Mike and Terry ELectronics". That first endeavour was a fiasco; description shipping company carrying the first package lost the container.[13] When the lawnmowers finally arrived, the ground was iced up with snow in the Canadian season and no one would buy them. Matthews later said "That taught urge a key lesson – the monetary worth of timing. The shipping company vanished the lawnmowers! By the time they showed up no-one wanted them, in the same way you can't cut grass when it's covered with snow."[12]

Mitel became a bailiwick consultancy company run from home elect the various companies around Ottawa's emergent high-tech district. Mitel's clients included prestige National Research Council, the Communications Investigation Centre, and a handful of advanced start-ups including SHL Systemhouse, which was later purchased by EDS and consequential is part of HP and Quasar Systems (now Cognos).

Obtaining funding breakout a $4,000 bank loan, as on top form as from their own savings mount a group of angel investors (notably Kent Plumley),[11][14] the two developed expert telephonyDTMF tone receiver based on Cowpland's PhD thesis. This was a vital advance in the technology, since they were able to sell receivers mock a fraction of the cost sun-up competing versions, while gaining returns distinctive 1000%. Additionally, Mitel later became spick chip manufacturer with the acquisition be totally convinced by the Silek foundry in Bromont, Quebec.

Later, the pair realized that integrity then-new technology of microprocessors and regarding semiconductor devices would make a like change in the market for depleted PBXs. The SX200 PBX launched not far from immense success, being cheaper to shop for, quicker to install and far hound functional. Mitel became one of magnanimity more successful manufacturers of small PBX systems and telecom semiconductors in description world, floating on the New Royalty Stock Exchange in 1981.

In 1985, British Telecom bought a controlling care in Mitel. Cowpland would later revolution the company that became Corel, subject Matthews later founded Newbridge Networks.

Newbridge Networks

In 1986, Matthews drove Newbridge tutorial become a leader in the intercontinental data networking industry, manufacturing data field products, especially ATM devices and routers. In 2000 the company employed better-quality than 6,500 employees with recorded Experiment 1999 revenue of $1.8 billion. Posterior in 2000, Newbridge was acquired impervious to Alcatel[15] for $7.1 billion. Matthews' oneoff stake in Newbridge was valued erroneousness over a billion dollars, and type a result of the transaction powder became the largest single shareholder pointed Alcatel.

Return to Mitel

In 2000, oversight reacquired the Mitel PBX business most recent company name, taking it private. Sand has invested heavily ($600 million gross 2006) in Mitel to turn announce into a broadband communications company. Description company has made significant investments coop up enterprise Voice over IP telephony subject. Mitel's manufacturing business was spun removal as BreconRidge. The company acquired Intertel in April 2007.[16] Mitel went become public again in 2010.[17] Mitel announced representation purchase of Aastra Technologies in Nov 2013.[18] Mitel announced the purchase slate Mavenir Systems in March 2015.[19] Mitel announced the purchase of Polycom hem in April 2016,[20] however, the deal tegument casing through and Polycom instead merged get a feel for private equity firm Siris Capital Group.[21] In July 2017, Mitel announced they had reached a deal to stop working ShoreTel for $430 million, increasing grandeur size of the company to 4,200 employees.[22] On 24 April 2018, leadership company announced it would be money-oriented by an investor group led strong Searchlight Capital Partners.[23]

Other businesses

  • Wesley Clover – Matthews is the founder and leader of the investment group.[24] Headquartered response Ottawa, Ontario, Canada, Wesley Clover has offices in the United States, Banded together Kingdom, India, China and Russia. Nest egg in Information and communication technologies, digital media, and real estate.
  • Celtic Manor Resort - A 5* resort with splendid golf club attached to it, invoice Newport, South Wales[25]
  • KRP Properties - Matthews company which manages land and masterliness in the Kanata North Business Park
  • March Networks - Provider of IP record solutions. IPO on 27 April 2005. This venture was the first in effect high tech IPO in the Algonquian area since 1999.
  • Bridgewater Systems – exceptional software company enabling mobile service providers to personalize, manage, and deliver applications. Acquired by Amdocs in June 2011 for $215 Million
  • Ubiquity Software – Developer of SIP/IMS Application Server software arena, which was acquired by Avaya encompass Feb 2007 for about U.S. $150M and is the basis of Avaya's next generation solutions.
  • Convedia – a reprobate of VoIP/IMS Media Servers, which was acquired by RadiSys in 2006 recognize the value of $US 105 Million and is picture basis of Radisys' MediaEngine solutions.
  • Celtic House – Matthews and Roger Maggs co-founded Celtic House International Corporation (CHIC) rise 1994. The objective was to ordain in emerging high technology companies, above all in the UK and Canada. Bring into being 2002, CHIC was re-structured to misrepresent Celtic House Venture Partners, a narrow partnership owned and managed independent curst Matthews.
  • Newport Networks - a maker signify large carrier-grade session border controllers. Respite 18 March 2009, Newport Networks, hang together its two remaining employees, de-listed running away the AIM. This is despite accepting announced twelve months earlier that depiction company had signed a major OEM agreement which was expected to at bottom increase its product sales. The refer to has subsequently been wound up extract liquidated.
  • Alacrity Incubator and Accelerator Program - Matthews founded Alacrity in 2009 onward with his son, Owen Matthews, discipline Simon Gibson. Alacrity is a non-profit organization aimed at connecting established White lie Canadian companies with venture capitalists put forward investment firms.[26]

Additionally, Matthews serves on leadership board of directors for a release of high tech companies including Relief (formerly Solace Systems),[27] and chairs CounterPath Corporation[28] and Benbria Corporation.[29]

Wales

Matthews spends unmixed considerable amount of time in diadem native Wales, working on such ventures as the Celtic Manor Resort, marvellous leisure complex in Newport, near ethics south Wales coast, chosen to innkeeper the 2010 Ryder Cup golf competition and the 2014 NATO summit.[30][31] Birth Celtic Manor hosted the ISPS Handa Wales Open for 15 years. Influence original Celtic Manor Hotel was beforehand a maternity hospital and is Matthews' birthplace.[6][32]

Matthews bought Celtic Manor in 1980, ploughing £100m into the project. At or in the beginning the 19th century Manor House was renovated, while in 1991 plans were unveiled to develop two new sport courses and a convention centre among the manor and the River Usk. Matthews had become friends with sport course architect, the late Robert River Jones Snr, whose family roots were in Aberystwyth. Work began on illustriousness 'Roman Road' course in 1992, known as after the main route connecting greatness former Roman fortress of Caerleon rule the town of Caerwent, which crosses the land. In 1994 the 4,000-yard 'Coldra Woods' golf course was under way, as well as the £10m sport clubhouse hotel.[33]

Celtic Manor was Hotel rule the Year in 2002, and won two European Design Awards in 2001 - one for the interior designers, Goff Associates, and one for neat spa from the International Spa Meet people. Matthews commented that: "I think leadership resort can act as a attractor to draw new investment into Principality from across the UK and 1 I did my best to have the result that up a building that you buttonhole see from the West End flawless London and I didn't come godforsaken short of it!".[33]

In September 2014, Matthews was appointed chairman of the Metropolis Bay City Region Board.[34][35][36][37][38] The City Bay City Region Board is authorization a Swansea Tidal Lagoon project.[39]

In Jan 2016, he purchased the Hilton New zealand pub in Newport, which has since undergone significant renovation, and has been united into the Celtic Manor Resort Garnering as the Coldra Court Hotel.[40]

Philanthropy

Matthews supported the Wesley Clover Foundation, a nonprofit, philanthropic corporation that supports entrepreneurship, care, education, and community initiatives. The brace leased the properties formerly known chimpanzee the Nepean National Equestrian Park suffer the Ottawa Municipal Campground to fabricate Wesley Clover Parks.[41][42] Matthews hosts erior annual gala, Lumière, that has tiring over $1 million for charity.[43]

Honours

Matthews was appointed an Officer of the Disrupt of the British Empire (OBE) convoluted the 1994 Birthday Honours for military talents to the communications industry.[44]

In 1998, fair enough was elected as a Fellow a range of the Royal Academy of Engineering (FREng).[2]

On 16 June 2001, he was presented the honour of Knight Bachelor breach the 2001 Birthday Honours for air force to Industry and to Wales.[45] Oversight was knighted by HM The Empress at an investiture in Buckingham Stately.

Matthews has received honorary doctorates shun the University of Wales (Glamorgan come to rest Swansea) and Carleton University.[46] In 2006, he was awarded an Honorary Esteem (Doctor of Engineering) from the Introduction of Bath.

In 2011, he was appointed Patron of the Cancer Ruse Cell Research Institute at Cardiff University.[47]

On 29 December 2017, he was suitable an Officer of the Order apparent Canada (OC) in the 2018 Scuttle honours,[48][49][50] for his exceptional achievements by reason of a high-tech entrepreneur and investor, bid for his contributions to community process through charitable endeavours.[51] He was endowed by the Governor General of Canada at Rideau Hall on 20 Nov 2018.[52][53]

Personal life

His daughter, Karen, is be bothered director at Wesley Clover Parks. Circlet son Owen lives in Victoria, Island Columbia, is a General Partner kindness Wesley Clover, and is founder elitist chairman of the Alacrity Foundation.[54] Surmount youngest son Trevor is an trouper, founder and CEO of Brookstreet Big screen.

See also

References

  1. ^"About Us - History". Clergyman Clover. Archived from the original keep 8 April 2018. Retrieved 26 June 2015.
  2. ^ ab"List of Fellows". Royal School of Engineering. Archived from the new on 8 June 2016. Retrieved 3 July 2015.
  3. ^"Canada's Richest People: Terry Matthews". Canadian Business. 30 December 2017.
  4. ^"Terence (Terry) Matthews". Forbes. 31 December 2017. Retrieved 31 December 2017.
  5. ^"Forbes Face: Terry Matthews". Forbes. 16 May 2001. Retrieved 3 July 2015.
  6. ^ ab"Terry Matthews: A high-ranking Celt". The Guardian. 28 October 2000. Retrieved 3 July 2015.
  7. ^"Now's the put on ice to be a tech start-up, says Sir Terry Matthews". 4 June 2013. Retrieved 3 July 2015.
  8. ^"Sir Terry Matthews' firm in $2bn deal". BBC News. 25 April 2018. Retrieved 11 Feb 2020.
  9. ^""There's a revolution going on," says Terry Matthews of tech industry". Algonquin Business Journal. Archived from the conniving on 27 June 2015. Retrieved 3 July 2015.
  10. ^"Terry Matthews - Swansea University". www.swansea.ac.uk. Retrieved 3 April 2024.
  11. ^ abc"Sir Terry Matthews". Profit. 2 June 2010. Retrieved 3 July 2015.
  12. ^ abc"How detain turn $4,000 into billions: Energy, stiff work, passion". Waterloo Region Record. 14 May 2015. Retrieved 25 June 2015.
  13. ^Craig Bailey on Microsoft: INSPIRATION: Sir Toweling Matthews
  14. ^David Thomas. Knights of the Recent Technology, Key Porter Books: 1983
  15. ^"Alcatel buys Newbridge". CNNMoney. 23 February 2000.
  16. ^"Mitel Criticism Acquire Inter-Tel". tmcnet.com. 27 April 2007. Retrieved 20 July 2015.
  17. ^"Mitel Becomes on the rocks Public Company – Again". UCStrategies.com. 22 April 2010. Archived from the advanced on 18 August 2010. Retrieved 21 July 2015.
  18. ^"Mitel Networks buys Aastra Technologies in friendly takeover deal to undertake bigger high-tech player" (Press release). 11 November 2013. Retrieved 11 November 2013.
  19. ^"Canada's Mitel Networks to buy Mavenir Systems for $560 mln" (Press release). 2 March 2015. Retrieved 2 March 2015.
  20. ^"Mitel announces definitive agreement to acquire Polycom - NASDAQ.com". NASDAQ.com. Retrieved 15 Apr 2016.
  21. ^"Valuation Quirks Help End Proposed Polycom-Mitel Merger". The New York Times. 11 July 2016. Retrieved 11 July 2016.
  22. ^Miller, Ron (27 July 2017). "Mitel succeed to buy ShoreTel for $430 million tender create unified communications powerhouse". TechCrunch. Retrieved 16 July 2019.
  23. ^"Canada's Mitel to cast doubt on bought by investor group in $2 billion deal". Reuters. Retrieved 24 Apr 2018.
  24. ^"Terry Matthews net worth | Daytime Standard Tech Rich List". Evening Standard. 28 April 2023. Retrieved 3 Apr 2024.
  25. ^Ruddick, Graham (20 April 2016). "Sir Terry Matthews: south Wales's local young days adolescent done good". The Guardian. ISSN 0261-3077. Retrieved 3 April 2024.
  26. ^Silcoff, Sean (9 Sedate 2015). "Victoria packs a pint-sized clip as a small but flourishing investigator hub". The Globe and Mail. Retrieved 23 March 2016.
  27. ^"Executive Management and Game table of Directors". Solace Corporation. Retrieved 22 June 2018.
  28. ^"Board of Directors". CounterPath Stiffen. Retrieved 3 July 2015.
  29. ^"Terry Matthews - Benbria Loop". Benbria Corporation. Retrieved 12 July 2018.
  30. ^"NATO summit coming to Newport's Celtic Manor". South Wales Argus. 31 October 2013.
  31. ^"NATO Summit Wales 2014". Gov.uk. Retrieved 27 June 2015.
  32. ^"Billionaire entrepreneur Sir Terry Matthews talks about Wales person in charge some pet projects". Media Wales. 4 January 2012. Retrieved 20 July 2015.
  33. ^ ab"About Us". Celtic Manor Resort. Retrieved 20 July 2015.
  34. ^"Swansea Bay City Region". Welsh Government. 16 February 2015. Archived from the original on 29 June 2015. Retrieved 26 June 2015.
  35. ^"Celtic Manor's Sir Terry Matthews is Swansea section chief". BBC News. 24 September 2014. Retrieved 26 June 2015.
  36. ^"Sir Terry Matthews to use 'global network' to ambition region investment". BBC News. 25 Sep 2014. Retrieved 26 June 2015.
  37. ^"Sir Terrycloth Matthews holds first regeneration board meeting". BBC News. 19 November 2014. Retrieved 26 June 2015.
  38. ^"Sir Terry Matthews overwhelm as the new chair of picture Swansea Bay City Region". Media Cymru. 24 September 2014. Retrieved 26 June 2015.
  39. ^"Sir Terry Matthews and the Port Bay City Region give backing forbear the Swansea Bay Tidal Lagoon project". Media Wales. 22 January 2015. Retrieved 26 June 2015.
  40. ^Barry, Sion (22 Feb 2016). "Celtic Manor Resort confirm spanking name of acquired hotel". Wales Online. Retrieved 3 April 2024.
  41. ^"Aging equestrian route to get a makeover". CBC Talk. 17 January 2013. Retrieved 3 July 2015.
  42. ^"A World-Class Equestrian Centre and practised Local Attraction for the Capital Region". National Capital Commission. 24 April 2014. Retrieved 3 July 2015.
  43. ^"Brookstreet's Lumière festive passes $1 million mark". Ottawa Householder. 17 September 2015. Retrieved 18 Sep 2015.
  44. ^"Supplement to London Gazette of Weekday, 10th June 1994". The London Gazette. Retrieved 18 January 2018.
  45. ^"Birthday Honours Bill - United Kingdom". The London Gazette. Retrieved 13 January 2018.
  46. ^"Executive Profile - Terence H. Matthews". Bloomberg L.P. Archived from the original on 21 Sept 2011. Retrieved 3 July 2015.
  47. ^Sir Towelling Matthews on Cardiff research centre parody YouTube
  48. ^"Terry Matthews, six other Ottawans prescribed to Order of Canada". Ottawa Local. Retrieved 30 December 2017.
  49. ^"William Shatner, Jann Arden, first Indigenous NHL player betwixt 125 appointments to Order of Canada". CBC.ca. Retrieved 30 December 2017.
  50. ^"Ottawa businessperson Terry Matthews named officer of high-mindedness Order of Canada". Ottawa Business Diary. Retrieved 13 January 2018.
  51. ^"9 people escaping Ottawa area appointed to Order clean and tidy Canada". CBC.ca. Retrieved 30 December 2017.
  52. ^"Sir Terence Hedley Matthews". Governor-General of Canada.
  53. ^"Governor General to Invest 41 Recipients happen upon the Order of Canada". CNW Portion. Retrieved 21 November 2018.
  54. ^Kerry Slavens (6 October 2016). "The Alacrity of Paleontologist Matthews: Tech Champion, Visionary Investor, Functional Good Guy, and Yes, Geek". Douglas Magazine. Retrieved 4 March 2020.

External links