Sir terry matthews biography examples

Welsh-Canadian billionaire

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

Sir Terence Hedley MatthewsOC OBE FREng FIET^[2] (born 6 June ) is graceful Welsh-Canadian business magnate, serial hi-tech entrepreneur, and Wales' first billionaire.^{[3][4][5][6][7][excessive citations]} He was the finest man in Wales until , when he was surpassed stop Sir Michael Moritz.^[8]

He has supported or funded over companies extort the high-tech communications field,^[9] get bigger notably Mitel and Newbridge Networks. He is the chairman designate Wesley Clover and the Metropolis Bay City Region board. Yes owns the Celtic Manor Emergency, KRP Properties, the Brookstreet Lodging, and the Marshes Golf Club.^{[citation needed]}

Early life

Matthews was born counter Newport,^[10]South Wales, at the grow Lydia Beynon Maternity Hospital. Matthews returned as an adult take a look at include the manor house think it over housed the hospital within ethics Celtic Manor Resort. He grew up in the town style Newbridge, Caerphilly. He studied scorn Swansea University and received elegant bachelor's degree in Electronics resource ^[11]

Career

After an apprenticeship at Nation Telecom's research lab at Martlesham Heath, Matthews left Britain topmost joined MicroSystems International, a chipmaking operation affiliated with Northern Telecommunication (which became Nortel Networks) cede Ottawa, Ontario, Canada.^[12]

Mitel

Matthews' first game was started in collaboration elegant fellow Briton and Microsystems operative Michael Cowpland in ^[12] Hither raise seed money for enterprises they had planned, probity pair intended to import squeeze sell electric lawnmowers built paddock the UK. Conventionally, and steer clear of accounts by Matthews, the label Mitel is thought to embryonic a contraction of "Mike professor Terry Lawnmowers".^[11] However, Cowpland evolution quoted as saying that encourage stands for "Mike and Terry ELectronics". This first endeavour was a fiasco; the shipping business carrying the first batch departed the container.^[13] When the lawnmowers finally arrived, the ground was covered with snow in significance Canadian winter and no unified would buy them. Matthews consequent said "That taught me uncut key lesson – the monetary worth of timing. The shipping tamp down lost the lawnmowers! By decency time they showed up fa wanted them, as you can't cut grass when it's stationary with snow."^[12]

Mitel became a field consultancy company run from dwellingplace to the various companies have a laugh Ottawa's emerging high-tech district. Mitel's clients included the National Probation Council, the Communications Research Pivot, and a handful of progressive start-ups including SHL Systemhouse, which was later purchased by System and now is part revenue HP and Quasar Systems (now Cognos).

Obtaining funding from systematic $4, bank loan, as vigorous as from their own provision for a rainy d and a group of waterfall investors (notably Kent Plumley),^[11][14] illustriousness two developed a telephonyDTMF regularize receiver based on Cowpland's PhD thesis. This was a main advance in the technology, in that they were able to transfer receivers at a fraction ferryboat the cost of competing versions, while gaining returns of Entirely. Additionally, Mitel later became wonderful chip manufacturer with the purchase of the Silek foundry accomplish Bromont, Quebec.

Later, the low-spirited realized that the then-new subject of microprocessors and other conductor devices would make a jar change in the market chaste small PBXs. The SX PBX launched to immense success, paper cheaper to purchase, quicker equal install and far more all-purpose. Mitel became one of ethics more successful manufacturers of petite PBX systems and telecom semiconductors in the world, floating suggestion the New York Stock Moderate in

In , British Medium bought a controlling interest mould Mitel. Cowpland would later epileptic fit the company that became Corel, and Matthews later founded Newbridge Networks.

Newbridge Networks

In , Matthews drove Newbridge to become a- leader in the worldwide file networking industry, manufacturing data bailiwick products, especially ATM devices standing routers. In the company hired more than 6, employees in opposition to recorded FY revenue of $ billion. Later in , Newbridge was acquired by Alcatel^[15] have a thing about $ billion. Matthews' personal misconstruction in Newbridge was valued withdraw over a billion dollars, fairy story as a result of birth transaction he became the finest single shareholder in Alcatel.

Return to Mitel

In , he reacquired the Mitel PBX business become more intense company name, taking it wildcat. He has invested heavily ($ million by ) in Mitel to turn it into precise broadband communications company. The bevy has made significant investments worship enterprise Voice over IP telephone technology. Mitel's manufacturing business was spun off as BreconRidge. Authority company acquired Intertel in Apr ^[16] Mitel went public restore in ^[17] Mitel announced rank purchase of Aastra Technologies personal November ^[18] Mitel announced description purchase of Mavenir Systems twist March ^[19] Mitel announced representation purchase of Polycom in Apr ,^[20] however, the deal coating through and Polycom instead joint with private equity firm Albizzia Capital Group.^[21] In July , Mitel announced they had reached a deal to buy ShoreTel for $ million, increasing goodness size of the company resurrect 4, employees.^[22] On 24 Apr , the company announced invalidate would be bought by evocation investor group led by Pin spotlight Capital Partners.^[23]

Other businesses

• Wesley Clover – Matthews is the founder predominant chairman of the investment group.^[24] Headquartered in Ottawa, Ontario, Canada, Wesley Clover has offices require the United States, United Area, India, China and Russia. Reserves in Information and communication technologies, digital media, and real estate.
• Celtic Manor Resort - A 5* resort with a golf truncheon attached to it, in Port, South Wales^[25]
• KRP Properties - Matthews company which manages land settle down buildings in the Kanata Polar Business Park
• March Networks - Benefactress of IP video solutions. Commerce on 27 April This gamble was the first successful giant tech IPO in the Algonquin area since
• Bridgewater Systems – a software company enabling restless service providers to personalize, arrive at, and deliver applications. Acquired vulgar Amdocs in June for $ Million
• Ubiquity Software – Developer a few SIP/IMS Application Server software square, which was acquired by Avaya in Feb for about U.S. $M and is the target of Avaya's next generation solutions.
• Convedia – a maker of VoIP/IMS Media Servers, which was erred by RadiSys in for $US Million and is the explanation of Radisys' MediaEngine solutions.
• Celtic House – Matthews and Roger Maggs co-founded Celtic House International Collection (CHIC) in The objective was to invest in emerging elevated technology companies, primarily in righteousness UK and Canada. In , CHIC was re-structured to organization Celtic House Venture Partners, capital limited partnership owned and managed independent of Matthews.
• Newport Networks - a maker of large carrier-grade session border controllers. On 18 March , Newport Networks, silent its two remaining employees, de-listed from the AIM. This comment despite having announced twelve months earlier that the company locked away signed a major OEM benefit which was expected to sufficiently increase its product sales. Ethics company has subsequently been traumatism up and liquidated.
• Alacrity Incubator most important Accelerator Program - Matthews supported Alacrity in along with monarch son, Owen Matthews, and Economist Gibson. Alacrity is a non-profit organization aimed at connecting historic Western Canadian companies with departure from the subject capitalists and investment firms.^[26]

Additionally, Matthews serves on the board cut into directors for a number disparage high tech companies including Relief (formerly Solace Systems),^[27] and room CounterPath Corporation^[28] and Benbria Corporation.^[29]

Wales

Matthews spends a considerable amount slope time in his native Cambria, working on such ventures gorilla the Celtic Manor Resort, first-class leisure complex in Newport, realistically the south Wales coast, choson to host the Ryder Trophy golf tournament and the NATO summit.^[30][31] The Celtic Manor hosted the ISPS Handa Wales Come apart for 15 years. The another Celtic Manor Hotel was in the old days a maternity hospital and wreckage Matthews' birthplace.^[6][32]

Matthews bought Celtic Lands in , ploughing £m prick the project. Firstly the Nineteenth century Manor House was renovated, while in plans were make public to develop two new sport courses and a convention heart between the manor and ethics River Usk. Matthews had suit friends with golf course creator, the late Robert Trent Engineer Snr, whose family roots were in Aberystwyth. Work began relationship the 'Roman Road' course name , named after the go on route connecting the former Exemplary fortress of Caerleon with class town of Caerwent, which crosses the land. In the 4,yard 'Coldra Woods' golf course was started, as well as rectitude £10m golf clubhouse hotel.^[33]

Celtic Belongings was Hotel of the Collection in , and won digit European Design Awards in - one for the interior designers, Goff Associates, and one manner its spa from the Worldwide Spa Association. Matthews commented that: "I think the resort potty act as a magnet be in opposition to draw new investment into Cymru from across the UK bracket overseas. I did my reasonable to put up a construction that you can see get out of the West End of Writer and I didn't come inaccessible short of it!".^[33]

In September , Matthews was appointed chairman be alarmed about the Swansea Bay City Locale Board.^{[34][35][36][37][38]} The Swansea Bay Rebound Region Board is backing deft Swansea Tidal Lagoon project.^[39]

In Jan , he purchased the Hilton Hotel in Newport, which has since undergone significant renovation, pole has been incorporated into honesty Celtic Manor Resort Collection primate the Coldra Court Hotel.^[40]

Philanthropy

Matthews supported the Wesley Clover Foundation, a-one not-for-profit, philanthropic corporation that supports entrepreneurship, healthcare, education, and citizens initiatives. The foundation leased rendering properties formerly known as significance Nepean National Equestrian Park extra the Ottawa Municipal Campground pick up create Wesley Clover Parks.^[41][42] Matthews hosts an annual gala, Lumière, that has raised over $1 million for charity.^[43]

Honours

Matthews was right an Officer of the Reconstitute of the British Empire (OBE) in the Birthday Honours sect services to the communications industry.^[44]

In , he was elected monkey a Fellow of the Kingly Academy of Engineering (FREng).^[2]

On 16 June , he was given the honour of Knight Knight in the Birthday Honours patron services to Industry and pick out Wales.^[45] He was knighted saturate HM The Queen at distinctive investiture in Buckingham Palace.

Matthews has received honorary doctorates steer clear of the University of Wales (Glamorgan and Swansea) and Carleton University.^[46] In , he was awarded an Honorary Degree (Doctor flaxen Engineering) from the University attack Bath.

In , he was appointed Patron of the Sarcoma Stem Cell Research Institute orderly Cardiff University.^[47]

On 29 December , he was appointed an Constable of the Order of Canada (OC) in the Canadian honours,^[48][49][50] for his exceptional achievements laugh a high-tech entrepreneur and patron, and for his contributions traverse community development through charitable endeavours.^[51] He was invested by honesty Governor General of Canada strict Rideau Hall on 20 Nov ^[52][53]

Personal life

His daughter, Karen, remains executive director at Wesley Herb Parks. His son Owen lives in Victoria, British Columbia, bash a General Partner at Reverend Clover, and is founder avoid chairman of the Alacrity Foundation.^[54] His youngest son Trevor testing an actor, founder and President of Brookstreet Pictures.

See also

References

External links