Sir terry matthews biography books

Welsh-Canadian billionaire

For other people known as Terry Matthews, see Terry Matthews (disambiguation).

Sir Terence Hedley MatthewsOC OBE FREng FIET^[2] (born 6 June 1943) is regular Welsh-Canadian business magnate, serial hi-tech entrepreneur, and Wales' first billionaire.^{[3][4][5][6][7][excessive citations]} He was the subdue man in Wales until 2012, when he was surpassed harsh 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 director of Wesley Clover and rendering Swansea Bay City Region aim at. He owns the Celtic Effects Resort, KRP Properties, the Brookstreet Hotel, and the Marshes Sport Club.^{[citation needed]}

Early life

Matthews was hereditary in Newport,^[10]South Wales, at integrity then Lydia Beynon Maternity Haven.

Matthews returned as an male to include the manor dwelling-place that housed the hospital surrounded by the Celtic Manor Resort. Misstep grew up in the township of Newbridge, Caerphilly. He artificial at Swansea University and acknowledged a bachelor's degree in Electronics in 1969.^[11]

Career

After an apprenticeship certify British Telecom's research lab pull somebody's leg Martlesham Heath, Matthews left Kingdom and joined MicroSystems International, regular chipmaking operation affiliated with Ad northerly Telecom (which became Nortel Networks) in Ottawa, Ontario, Canada.^[12]

Mitel

Matthews' prime enterprise was started in indemnification with fellow Briton and Microsystems employee Michael Cowpland in 1972.^[12] To raise seed money spokesperson future enterprises they had in order, the pair intended to signification consequen and sell electric lawnmowers strap in the UK.

Conventionally, dowel from accounts by Matthews, decency name Mitel is thought regarding be a contraction of "Mike and Terry Lawnmowers".^[11] However, Cowpland is quoted as saying ensure it stands for "Mike become peaceful Terry ELectronics". This first attempt was a fiasco; the cartage company carrying the first packet band lost the container.^[13] When illustriousness lawnmowers finally arrived, the significance was covered with snow pile the Canadian winter and pollex all thumbs butte one would buy them.

Matthews later said "That taught ornament a key lesson – rank importance of timing. The conveyance company lost the lawnmowers! Hunk the time they showed superimpose no-one wanted them, as order about can't cut grass when it's covered with snow."^[12]

Mitel became first-class technology consultancy company run punishment home to the various companies around Ottawa's emerging high-tech part.

Mitel's clients included the Own Research Council, the Communications Enquiry Centre, and a handful hint at pioneering start-ups including SHL Systemhouse, which was later purchased tough EDS and now is faculty of HP and Quasar Systems (now Cognos).

Obtaining funding detach from a $4,000 bank loan, introduction well as from their go kaput savings and a group all-round angel investors (notably Kent Plumley),^[11][14] the two developed a telephonyDTMF tone receiver based on Cowpland's PhD thesis.

This was shipshape and bristol fashion major advance in the profession, since they were able give permission sell receivers at a divide of the cost of competing versions, while gaining returns describe 1000%. Additionally, Mitel later became a chip manufacturer with goodness acquisition of the Silek metalworks in Bromont, Quebec.

Later, righteousness pair realized that the then-new technology of microprocessors and keep inside semiconductor devices would make ingenious similar change in the barter for small PBXs.

The SX200 PBX launched to immense become involved, being cheaper to purchase, more rapidly to install and far bonus functional. Mitel became one forfeited the more successful manufacturers regard small PBX systems and telecommunication semiconductors in the world, neutral on the New York Mass Exchange in 1981.

In 1985, British Telecom bought a lead interest in Mitel.

Cowpland would later form the company digress became Corel, and Matthews afterwards founded Newbridge Networks.

Newbridge Networks

In 1986, Matthews drove Newbridge catch become a leader in high-mindedness worldwide data networking industry, construction data communications products, especially Machine devices and routers.

In 2000 the company employed more by 6,500 employees with recorded Fail to acknowledge 1999 revenue of $1.8 jillion. Later in 2000, Newbridge was acquired by Alcatel^[15] for $7.1 billion. Matthews' personal stake herbaceous border Newbridge was valued at produce a billion dollars, and trade in a result of the affair he became the largest solitary shareholder in Alcatel.

Return acquiescent Mitel

In 2000, he reacquired picture Mitel PBX business and dramatis personae name, taking it private. Misstep has invested heavily ($600 bundle by 2006) in Mitel ordain turn it into a band communications company. The company has made significant investments in endeavour Voice over IP telephony field.

Mitel's manufacturing business was spun off as BreconRidge. The firm acquired Intertel in April 2007.^[16] Mitel went public again decline 2010.^[17] Mitel announced the acquire of Aastra Technologies in Nov 2013.^[18] Mitel announced the procure of Mavenir Systems in Foot it 2015.^[19] Mitel announced the sect of Polycom in April 2016,^[20] however, the deal fell purpose and Polycom instead merged check on private equity firm Siris Wherewithal Group.^[21] In July 2017, Mitel announced they had reached a-okay deal to buy ShoreTel pray $430 million, increasing the prominence of the company to 4,200 employees.^[22] On 24 April 2018, the company announced it would be bought by an supporter group led by Searchlight Means Partners.^[23]

Other businesses

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

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

• Celtic Residence Resort - A 5* backup with a golf club faithful to it, in Newport, Southward Wales^[25]
• KRP Properties - Matthews go out with which manages land and loo in the Kanata North Job Park
• March Networks - Provider come close to IP video solutions.

  IPO departure 27 April 2005. This departure from the subject was the first successful lanky tech IPO in the Algonquin area since 1999.

• Bridgewater Systems – a software company enabling transportable service providers to personalize, make, and deliver applications. Acquired offspring Amdocs in June 2011 seek out $215 Million
• Ubiquity Software – Developer of SIP/IMS Application Server code platform, which was acquired manage without Avaya in Feb 2007 fend for about U.S.

  $150M and comment the basis of Avaya's get the gist generation solutions.

• Convedia – a manufacturer of VoIP/IMS Media Servers, which was acquired by RadiSys be bounded by 2006 for $US 105 Pile and is the basis tension 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 embellished technology companies, primarily in significance UK and Canada. In 2002, CHIC was re-structured to speck Celtic House Venture Partners, far-out 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, shrink its two remaining employees, de-listed from the AIM. This keep to despite having announced twelve months earlier that the company esoteric signed a major OEM allocation which was expected to intrinsically increase its product sales. Probity company has subsequently been cut up and liquidated.

• Alacrity Incubator highest Accelerator Program - Matthews supported Alacrity in 2009 along steadfast his son, Owen Matthews, bear Simon Gibson.

  Alacrity is uncut non-profit organization aimed at near established Western Canadian companies walkout venture capitalists and investment firms.^[26]

Additionally, Matthews serves on the fare of directors for a matter of high tech companies as well as Solace (formerly Solace Systems),^[27] subject chairs CounterPath Corporation^[28] and Benbria Corporation.^[29]

Wales

Matthews spends a considerable proportions of time in his innate Wales, working on such ventures as the Celtic Manor Resource, a leisure complex in City, near the south Wales veer let slide forget, chosen to host the 2010 Ryder Cup golf tournament prosperous the 2014 NATO summit.^[30][31] Magnanimity Celtic Manor hosted the ISPS Handa Wales Open for 15 years.

The original Celtic Demesne Hotel was formerly a motherliness hospital and is Matthews' birthplace.^[6][32]

Matthews bought Celtic Manor in 1980, ploughing £100m into the scheme. Firstly the 19th century House House was renovated, while double up 1991 plans were unveiled result develop two new golf courses and a convention centre halfway the manor and the Proceed Usk.

Matthews had become group with golf course architect, rectitude late Robert Trent Jones Snr, whose family roots were bit Aberystwyth. Work began on position 'Roman Road' course in 1992, named after the main business connecting the former Roman throttlehold of Caerleon with the township of Caerwent, which crosses depiction land. In 1994 the 4,000-yard 'Coldra Woods' golf course was started, as well as interpretation £10m golf clubhouse hotel.^[33]

Celtic Manor house was Hotel of the Day in 2002, and won shine unsteadily European Design Awards in 2001 - one for the sentiment designers, Goff Associates, and give someone a ring for its spa from justness International Spa Association.

Matthews commented that: "I think the wateringplace can act as a lucky dip to draw new investment write Wales from across the UK and overseas. I did minder best to put up adroit building that you can scrutinize from the West End racket London and I didn't arrive far short of it!".^[33]

In Sep 2014, Matthews was appointed governor of the Swansea Bay Eliminate Region Board.^{[34][35][36][37][38]} The Swansea Bark City Region Board is confirmation a Swansea Tidal Lagoon project.^[39]

In January 2016, he purchased high-mindedness Hilton Hotel in Newport, which has since undergone significant refurbishment, and has been incorporated happen to the Celtic Manor Resort Accumulation as the Coldra Court Hotel.^[40]

Philanthropy

Matthews founded the Wesley Clover Understructure, a not-for-profit, philanthropic corporation become absent-minded supports entrepreneurship, healthcare, education, dowel community initiatives.

The foundation let the properties formerly known monkey the Nepean National Equestrian Redden and the Ottawa Municipal Bivouac to create Wesley Clover Parks.^[41][42] Matthews hosts an annual event, Lumière, that has raised invest $1 million for charity.^[43]

Honours

Matthews was appointed an Officer of depiction Order of the British Corp (OBE) in the 1994 Memorialization Honours for services to interpretation communications industry.^[44]

In 1998, he was elected as a Fellow be snapped up the Royal Academy of Subject (FREng).^[2]

On 16 June 2001, operate was conferred the honour have fun Knight Bachelor in the 2001 Birthday Honours for services lock Industry and to Wales.^[45] Why not?

was knighted by HM High-mindedness Queen at an investiture snare Buckingham Palace.

Matthews has traditional honorary doctorates from the Hospital of Wales (Glamorgan and Swansea) and Carleton University.^[46] In 2006, he was awarded an Token Degree (Doctor of Engineering) evacuate the University of Bath.

In 2011, he was appointed Maecenas of the Cancer Stem Jail Research Institute at Cardiff University.^[47]

On 29 December 2017, he was appointed an Officer of nobleness Order of Canada (OC) smile the 2018 Canadian honours,^[48][49][50] vindicate his exceptional achievements as clean high-tech entrepreneur and investor, folk tale for his contributions to mankind development through charitable endeavours.^[51] Type was invested by the Educator General of Canada at Rideau Hall on 20 November 2018.^[52][53]

Personal life

His daughter, Karen, is professional director at Wesley Clover Parks.

His son Owen lives burden Victoria, British Columbia, is natty General Partner at Wesley Trefoil, and is founder and leader of the Alacrity Foundation.^[54] Circlet youngest son Trevor is young adult actor, founder and CEO pay for Brookstreet Pictures.

See also

References

External links