InterSystems history

In 1997, the company introduced Caché (hidden in French), a competitor to Oracle’s database management tools.

The first two acquisitions triggered the expansion of InterSystems while the third acquisition of Micronetics in 1998 made InterSystems a very powerful company for M technology.

InterSystems has secured 170 federal contracts totaling $97.9 million since 2001, according to the USASpending.gov database.

Sales tripled in the eight years through 2002.

In 2003, InterSystems released an integration platform called Ensemble which marked the companies expansion to other technology areas.

The work gained support because VA doctors were able to summon computerized records in seconds, vital for treating vets hustled into an emergency room, according to Ragon’s 2006 testimony before the Senate Committee on Commerce, Science and Transportation.

In 2007, Company acquired a vendor of TrakCare called TrakHealth.

In 2009, he surfaced in the press when he and his wife Susan, an executive at InterSystems, donated $100 million over 10 years to establish the Ragon Institute of MGH, MIT and Harvard.

Revenues from one of its products, called HealthShare, have doubled to $20 million last year, over 2011.

Phillip Ragon, known as Terry, has quietly built Cambridge, Mass-based InterSystems into a $443 million (2012 revenues) company, selling the guts of electronic health records: databases that can easily ramp up and allow doctors to quickly retrieve patient information.

Ragon in late 2013 reorganized InterSystems into three divisions, two focused on health care.

In 2017, the company rolled out another lucrative product line called InterSystems Iris Data Platform which combined the DBMS capabilities with analytics and interoperability.