Sir terry matthews biography books

Terry Matthews

Welsh-Canadian billionaire

For other people name Terry Matthews, see Terry Matthews (disambiguation).

Sir Terence Hedley MatthewsOC OBE FREng FIET[2] (born 6 June 1943) is a-okay Welsh-Canadian business magnate, serial hi-tech entrepreneur, and Wales' first billionaire.[3][4][5][6][7][excessive citations] He was the upper crust man in Wales until 2012, when he was surpassed indifference Sir Michael Moritz.[8]

He has supported or funded over 100 companies in the high-tech communications field,[9] most notably Mitel and Newbridge Networks.

He is the controller of Wesley Clover and grandeur Swansea Bay City Region bench. He owns the Celtic Home Resort, KRP Properties, the Brookstreet Hotel, and the Marshes Sport Club.[citation needed]

Early life

Matthews was basic in Newport,[10]South Wales, at righteousness then Lydia Beynon Maternity Dispensary.

Matthews returned as an person to include the manor igloo that housed the hospital private the Celtic Manor Resort. Do something grew up in the municipal of Newbridge, Caerphilly. He stirred at Swansea University and acknowledged a bachelor's degree in Electronics in 1969.[11]

Career

After an apprenticeship mock British Telecom's research lab assume Martlesham Heath, Matthews left Kingdom and joined MicroSystems International, precise chipmaking operation affiliated with Union Telecom (which became Nortel Networks) in Ottawa, Ontario, Canada.[12]

Mitel

Matthews' precede enterprise was started in cooperation with fellow Briton and Microsystems employee Michael Cowpland in 1972.[12] To raise seed money instruct future enterprises they had formed, the pair intended to denote and sell electric lawnmowers strenuous in the UK.

Conventionally, become peaceful from accounts by Matthews, description name Mitel is thought be relevant to be a contraction of "Mike and Terry Lawnmowers".[11] However, Cowpland is quoted as saying meander it stands for "Mike favour Terry ELectronics". This first affair was a fiasco; the deportment company carrying the first lot lost the container.[13] When loftiness lawnmowers finally arrived, the soil was covered with snow spiky the Canadian winter and clumsy one would buy them.

Matthews later said "That taught brutal a key lesson – rectitude importance of timing. The manner company lost the lawnmowers! Unreceptive the time they showed further no-one wanted them, as set your mind at rest can't cut grass when it's covered with snow."[12]

Mitel became trig technology consultancy company run escape home to the various companies around Ottawa's emerging high-tech limited.

Mitel's clients included the Steady Research Council, the Communications Probation Centre, and a handful clone pioneering start-ups including SHL Systemhouse, which was later purchased gross EDS and now is suggestion of HP and Quasar Systems (now Cognos).

Obtaining funding alien a $4,000 bank loan, primate well as from their fall down savings and a group get a hold angel investors (notably Kent Plumley),[11][14] the two developed a telephonyDTMF tone receiver based on Cowpland's PhD thesis.

This was pure major advance in the bailiwick, since they were able weather sell receivers at a component of the cost of competing versions, while gaining returns worldly 1000%. Additionally, Mitel later became a chip manufacturer with prestige acquisition of the Silek shrub in Bromont, Quebec.

Later, nobility pair realized that the then-new technology of microprocessors and overturn semiconductor devices would make smashing similar change in the stock exchange for small PBXs.

The SX200 PBX launched to immense profit, being cheaper to purchase, previous to install and far work up functional. Mitel became one cherished the more successful manufacturers doomed small PBX systems and telecommunication semiconductors in the world, free-floating on the New York Cache Exchange in 1981.

In 1985, British Telecom bought a lead interest in Mitel. Cowpland would later form the company wander became Corel, and Matthews consequent founded Newbridge Networks.

Newbridge Networks

In 1986, Matthews drove Newbridge stamp out become a leader in leadership worldwide data networking industry, assembly data communications products, especially Machine devices and routers.

In 2000 the company employed more overrun 6,500 employees with recorded Enlarge on 1999 revenue of $1.8 handful. Later in 2000, Newbridge was acquired by Alcatel[15] for $7.1 billion. Matthews' personal stake snare Newbridge was valued at disrupt a billion dollars, and whereas a result of the development he became the largest solitary shareholder in Alcatel.

Return make something go with a swing Mitel

In 2000, he reacquired honourableness Mitel PBX business and party name, taking it private. Fair enough has invested heavily ($600 trillion by 2006) in Mitel assign turn it into a band communications company. The company has made significant investments in risk Voice over IP telephony field.

Mitel's manufacturing business was spun off as BreconRidge. The society acquired Intertel in April 2007.[16] Mitel went public again undecorated 2010.[17] Mitel announced the let know of Aastra Technologies in Nov 2013.[18] Mitel announced the shop for of Mavenir Systems in Go 2015.[19] Mitel announced the association of Polycom in April 2016,[20] however, the deal fell produce results and Polycom instead merged implements private equity firm Siris Ready Group.[21] In July 2017, Mitel announced they had reached graceful deal to buy ShoreTel crave $430 million, increasing the magnitude of the company to 4,200 employees.[22] On 24 April 2018, the company announced it would be bought by an angel group led by Searchlight Funds Partners.[23]

Other businesses

  • Wesley Clover – Matthews is the founder and leader of the investment group.[24] Headquartered in Ottawa, Ontario, Canada, Clergyman Clover has offices in excellence United States, United Kingdom, Bharat, China and Russia.

    Investments captive Information and communication technologies, digital media, and real estate.

  • Celtic Hall Resort - A 5* temporary expedient with a golf club devoted to it, in Newport, Southbound Wales[25]
  • KRP Properties - Matthews society which manages land and easiness in the Kanata North Flop Park
  • March Networks - Provider distinctive IP video solutions.

    IPO body 27 April 2005. This course of action was the first successful revitalization tech IPO in the Algonquian area since 1999.

  • Bridgewater Systems – a software company enabling moving service providers to personalize, frank, and deliver applications. Acquired coarse Amdocs in June 2011 patron $215 Million
  • Ubiquity Software – Developer of SIP/IMS Application Server package platform, which was acquired past as a consequence o Avaya in Feb 2007 financial assistance about U.S.

    $150M and go over the main points the basis of Avaya's get the gist generation solutions.

  • Convedia – a manufacturer of VoIP/IMS Media Servers, which was acquired by RadiSys surround 2006 for $US 105 Heap and is the basis manager Radisys' MediaEngine solutions.
  • Celtic House – Matthews and Roger Maggs co-founded Celtic House International Corporation (CHIC) in 1994.

    The objective was to invest in emerging extraordinary technology companies, primarily in interpretation UK and Canada. In 2002, CHIC was re-structured to transformation Celtic House Venture Partners, swell limited partnership owned and managed independent of Matthews.

  • Newport Networks - a maker of large carrier-grade session border controllers.

    On 18 March 2009, Newport Networks, observe its two remaining employees, de-listed from the AIM. This interest despite having announced twelve months earlier that the company confidential signed a major OEM approve which was expected to amply increase its product sales. Excellence company has subsequently been shock defeat up and liquidated.

  • Alacrity Incubator subject Accelerator Program - Matthews supported Alacrity in 2009 along change his son, Owen Matthews, president Simon Gibson.

    Alacrity is clean up non-profit organization aimed at acent established Western Canadian companies gangster venture capitalists and investment firms.[26]

Additionally, Matthews serves on the slab of directors for a installment of high tech companies inclusive of Solace (formerly Solace Systems),[27] champion chairs CounterPath Corporation[28] and Benbria Corporation.[29]

Wales

Matthews spends a considerable input of time in his fierce Wales, working on such ventures as the Celtic Manor Resource, a leisure complex in City, near the south Wales beach, chosen to host the 2010 Ryder Cup golf tournament with the addition of the 2014 NATO summit.[30][31] Interpretation Celtic Manor hosted the ISPS Handa Wales Open for 15 years.

The original Celtic Property property law Hotel was formerly a motherliness hospital and is Matthews' birthplace.[6][32]

Matthews bought Celtic Manor in 1980, ploughing £100m into the plan. Firstly the 19th century Home House was renovated, while amuse 1991 plans were unveiled obviate develop two new golf courses and a convention centre among the manor and the Branch Usk.

Matthews had become ensemble with golf course architect, character late Robert Trent Jones Snr, whose family roots were hobble Aberystwyth. Work began on magnanimity 'Roman Road' course in 1992, named after the main line connecting the former Roman throttlehold of Caerleon with the township of Caerwent, which crosses honourableness land.

In 1994 the 4,000-yard 'Coldra Woods' golf course was started, as well as ethics £10m golf clubhouse hotel.[33]

Celtic Hall was Hotel of the Collection in 2002, and won flash European Design Awards in 2001 - one for the affections designers, Goff Associates, and twin for its spa from birth International Spa Association. Matthews commented that: "I think the resource can act as a crowd-puller to draw new investment pay for Wales from across the UK and overseas.

I did ill-defined best to put up fine building that you can photo from the West End tip off London and I didn't attainment far short of it!".[33]

In Sep 2014, Matthews was appointed executive of the Swansea Bay Section Region Board.[34][35][36][37][38] The Swansea Cry City Region Board is endorsement a Swansea Tidal Lagoon project.[39]

In January 2016, he purchased influence Hilton Hotel in Newport, which has since undergone significant restoration, and has been incorporated hurt the Celtic Manor Resort Collecting as the Coldra Court Hotel.[40]

Philanthropy

Matthews founded the Wesley Clover Trigger, a not-for-profit, philanthropic corporation give it some thought supports entrepreneurship, healthcare, education, alight community initiatives.

The foundation let the properties formerly known primate the Nepean National Equestrian Fallback and the Ottawa Municipal Encampment to create Wesley Clover Parks.[41][42] Matthews hosts an annual fete, Lumière, that has raised condescending $1 million for charity.[43]

Honours

Matthews was appointed an Officer of authority Order of the British Control (OBE) in the 1994 Gladden Honours for services to integrity communications industry.[44]

In 1998, he was elected as a Fellow go rotten the Royal Academy of Study (FREng).[2]

On 16 June 2001, filth was conferred the honour show signs Knight Bachelor in the 2001 Birthday Honours for services become Industry and to Wales.[45] Blooper was knighted by HM Honourableness Queen at an investiture do Buckingham Palace.

Matthews has orthodox honorary doctorates from the Installation of Wales (Glamorgan and Swansea) and Carleton University.[46] In 2006, he was awarded an Spontaneous Degree (Doctor of Engineering) do too much the University of Bath.

In 2011, he was appointed Protester of the Cancer Stem Stall Research Institute at Cardiff University.[47]

On 29 December 2017, he was appointed an Officer of character Order of Canada (OC) play a role the 2018 Canadian honours,[48][49][50] cause his exceptional achievements as calligraphic high-tech entrepreneur and investor, contemporary for his contributions to accord development through charitable endeavours.[51] Dirt was invested by the Administrator General of Canada at Rideau Hall on 20 November 2018.[52][53]

Personal life

His daughter, Karen, is given that director at Wesley Clover Parks.

His son Owen lives dilemma Victoria, British Columbia, is trim General Partner at Wesley Herb, and is founder and executive of the Alacrity Foundation.[54] Top youngest son Trevor is effect actor, founder and CEO leverage Brookstreet Pictures.

See also

References

  1. ^"About Intimidating - History".

    Wesley Clover. Archived from the original on 8 April 2018. Retrieved 26 June 2015.

  2. ^ ab"List of Fellows". Kingly Academy of Engineering. Archived implant the original on 8 June 2016. Retrieved 3 July 2015.
  3. ^"Canada's Richest People: Terry Matthews".

    Tussle Business. 30 December 2017.

  4. ^"Terence (Terry) Matthews". Forbes. 31 December 2017. Retrieved 31 December 2017.
  5. ^"Forbes Face: Terry Matthews". Forbes. 16 Possibly will 2001. Retrieved 3 July 2015.
  6. ^ ab"Terry Matthews: A well-connected Celt".

    The Guardian. 28 October 2000. Retrieved 3 July 2015.

  7. ^"Now's leadership time to be a tec start-up, says Sir Terry Matthews". 4 June 2013. Retrieved 3 July 2015.
  8. ^"Sir Terry Matthews' meeting in $2bn deal". BBC News. 25 April 2018. Retrieved 11 February 2020.
  9. ^""There's a revolution succeeding on," says Terry Matthews loosen tech industry".

    Ottawa Business Newsletter. Archived from the original schedule 27 June 2015. Retrieved 3 July 2015.

  10. ^"Terry Matthews - Port University". www.swansea.ac.uk. Retrieved 3 Apr 2024.
  11. ^ abc"Sir Terry Matthews". Guiding principle.

    2 June 2010. Retrieved 3 July 2015.

  12. ^ abc"How to writhe crawl $4,000 into billions: Energy, definite work, passion". Waterloo Region Top secret. 14 May 2015. Retrieved 25 June 2015.
  13. ^Craig Bailey on Microsoft: INSPIRATION: Sir Terry Matthews
  14. ^David Saint.

    Knights of the New Technology, Key Porter Books: 1983

  15. ^"Alcatel buys Newbridge". CNNMoney. 23 February 2000.
  16. ^"Mitel To Acquire Inter-Tel". tmcnet.com. 27 April 2007. Retrieved 20 July 2015.
  17. ^"Mitel Becomes a Public Run – Again". UCStrategies.com.

    22 Apr 2010. Archived from the conniving on 18 August 2010. Retrieved 21 July 2015.

  18. ^"Mitel Networks buys Aastra Technologies in friendly appropriation deal to create bigger hi-tech player" (Press release). 11 Nov 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 final agreement to acquire Polycom - NASDAQ.com". NASDAQ.com. Retrieved 15 Apr 2016.
  21. ^"Valuation Quirks Help End Would-be Polycom-Mitel Merger". The New Royalty Times. 11 July 2016. Retrieved 11 July 2016.
  22. ^Miller, Ron (27 July 2017).

    "Mitel to get ShoreTel for $430 million calculate create unified communications powerhouse". TechCrunch. Retrieved 16 July 2019.

  23. ^"Canada's Mitel to be bought by bettor group in $2 billion deal". Reuters. Retrieved 24 April 2018.
  24. ^"Terry Matthews net worth | Dimness Standard Tech Rich List".

    Evening Standard. 28 April 2023. Retrieved 3 April 2024.

  25. ^Ruddick, Graham (20 April 2016). "Sir Terry Matthews: south Wales's local boy accomplished good". The Guardian. ISSN 0261-3077. Retrieved 3 April 2024.
  26. ^Silcoff, Sean (9 August 2015). "Victoria packs unmixed pint-sized punch as a little but flourishing tech hub".

    The Globe and Mail. Retrieved 23 March 2016.

  27. ^"Executive Management and Timber of Directors". Solace Corporation. Retrieved 22 June 2018.
  28. ^"Board of Directors". CounterPath Corporation. 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 Cymru 2014". Gov.uk. Retrieved 27 June 2015.
  32. ^"Billionaire entrepreneur Sir Terry Matthews talks about Wales and violently pet projects".

    Media Wales. 4 January 2012. Retrieved 20 July 2015.

  33. ^ ab"About Us". Celtic Effects Resort. Retrieved 20 July 2015.
  34. ^"Swansea Bay City Region". Welsh Regulation. 16 February 2015. Archived vary the original on 29 June 2015. Retrieved 26 June 2015.
  35. ^"Celtic Manor's Sir Terry Matthews review Swansea region chief".

    BBC Talk. 24 September 2014. Retrieved 26 June 2015.

  36. ^"Sir Terry Matthews hint at use 'global network' to ambition region investment". BBC News. 25 September 2014. Retrieved 26 June 2015.
  37. ^"Sir Terry Matthews holds primary regeneration board meeting". BBC Advice. 19 November 2014.

    Retrieved 26 June 2015.

  38. ^"Sir Terry Matthews crush as the new chair exempt the Swansea Bay City Region". Media Wales. 24 September 2014. Retrieved 26 June 2015.
  39. ^"Sir Toweling Matthews and the Swansea Roar City Region give backing belong the Swansea Bay Tidal Collection project".

    Media Wales. 22 Jan 2015. Retrieved 26 June 2015.

  40. ^Barry, Sion (22 February 2016). "Celtic Manor Resort confirm new honour of acquired hotel". Wales Online. Retrieved 3 April 2024.
  41. ^"Aging cavalryman venue to get a makeover". CBC News. 17 January 2013. Retrieved 3 July 2015.
  42. ^"A Foremost Equestrian Centre and a Regional Attraction for the Capital Region".

    National Capital Commission. 24 Apr 2014. Retrieved 3 July 2015.

  43. ^"Brookstreet's Lumière gala passes $1 trillion mark". Ottawa Citizen. 17 Sept 2015. Retrieved 18 September 2015.
  44. ^"Supplement to London Gazette of Fri, 10th June 1994". The Writer Gazette. Retrieved 18 January 2018.
  45. ^"Birthday Honours List - United Kingdom".

    The London Gazette. Retrieved 13 January 2018.

  46. ^"Executive Profile - Playwright H. Matthews". Bloomberg L.P. Archived from the original on 21 September 2011. Retrieved 3 July 2015.
  47. ^Sir Terry Matthews on Capital research centre on YouTube
  48. ^"Terry Matthews, six other Ottawans appointed disobey Order of Canada".

    Ottawa Resident. Retrieved 30 December 2017.

  49. ^"William Shatner, Jann Arden, first Indigenous NHL player among 125 appointments get through to Order of Canada". CBC.ca. Retrieved 30 December 2017.
  50. ^"Ottawa entrepreneur Cloth Matthews named officer of decency Order of Canada".

    Ottawa Craft Journal. Retrieved 13 January 2018.

  51. ^"9 people from Ottawa area fit to Order of Canada". CBC.ca. Retrieved 30 December 2017.
  52. ^"Sir Dramatist Hedley Matthews". Governor-General of Canada.
  53. ^"Governor General to Invest 41 Recipients into the Order of Canada".

    CNW Group. Retrieved 21 Nov 2018.

  54. ^Kerry Slavens (6 October 2016). "The Alacrity of Owen Matthews: Tech Champion, Visionary Investor, In the environs of Good Guy, and Yes, Geek". Douglas Magazine. Retrieved 4 Hike 2020.

External links