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Matlab history
Matlab company history timeline
In 1983, Little suggested the creation of a commercial product based on MATLAB. The IBM® PC had been introduced only two years earlier.
It soon moved to the Boston area and was registered in Massachusetts on June 18, 1986. (A Delaware corporation of the same name was organized in 1997.) It was originally incorporated as a California company on December 7, 1984.
PC-MATLAB made its debut in December 1984 at the IEEE Conference on Decision and Control in Las Vegas.
The company is owned by CEO John N. (Jack) Little, chairman and chief scientist Cleve Moler, and Steve Bangert, who together launched the company in 1984 and own most of its equity.
Built-in support for the numerical solution of ordinary differential equations also appeared in 1987.
By the time version 4.0 was released in 1991, the software was selling for $2,995.
In 1991, MathWorks laid out a mission involving four components: technological, business-related, human, and social.
Sparse matrices were introduced with MATLAB 4 in 1992.
The Image Processing Toolbox and the Symbolic Math Toolbox were both introduced in 1993.
In 1994, Cleve Moler developed a software-based correction for the notorious floating-point error discovered in the Pentium chip.
Cell arrays were introduced with MATLAB 5 in 1996.
Cambridge Control, a U.K. software producer and engineering firm, was acquired in October 1997.
The work force was growing rapidly, numbering 380 employees by 1997.
Cambridge Control was renamed The MathWorks Ltd. in June 2000, and the consulting arm was dubbed Cambridge Consulting Group.
The MATLAB desktop was introduced in 2000.
2001 Sales are reportedly about $200 million; the company has about 1,000 employees.
In November 2004, the company bought its two headquarters buildings for $49.7 million in one of the largest corporate real estate deals the area had seen in years.
Parallel Computing Toolbox™ was introduced at the SuperComputing conference in 2004.
2005 Sales are reportedly about $350 million.
In 2006, the company was heavily involved in the aerospace and defense industry, and was participating in the United States Army's multibillion dollar Future Combat System.
Major enhancements to MATLAB object-oriented programming capabilities were made in 2008.
Blog post: Cleve’s Corner: MATLAB Incorporates LAPACK. http://www.mathworks.com/company/ newsletters/articles/matlab-incorporates-lapack.html (also at Internet Archive 30 June 2012 04:25:47 ).Google Scholar
29 April 2013. https://blogs.mathworks.com/ cleve/2013/04/29/pentium-division-bug (also at Internet Archive 11 June 2013 10:36:59 ).Google Scholar
Blog post: Cleve’s Corner: ALGOL 60, PL/0 and MATLAB. 15 June 2015. https://blogs.mathworks.com/ cleve/2015/06/15/algol-60-pl0-and-matlab (also at Internet Archive 24 Sept.
2016. https://blogs.mathworks.com/cleve/2016/09/05/the-pentium-papers-my-first-matlab-central-contribution (also at Internet Archive 7 Sept.
The Live Editor was introduced in 2016 and is still evolving rapidly.
2017. http://blogs.mathworks.com/ cleve/2017/12/04/wilkinson-and-reinsch-handbook-on-linear-algebra (also at Internet Archive 27 Dec.
21 March 2018. http://blogs.mathworks.com/ cleve/2018/03/21/matlab-history-modern-matlab-part-1 (also at Internet Archive 3 Feb.
2019; also at Internet Archive 3 Feb.
Originally published at https://blogs.mathworks.com on June 13, 2020.
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Matlab competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Metalast | 1993 | $5.0M | 20 | - |
| Hitachi U.S.A. | 1959 | $50.0M | 10,001 | 873 |
| Clarus | 1991 | $264.3M | 110 | - |
| CNI | 1989 | $1.2M | 19 | 21 |
| ARRO | 1946 | $910,000 | 50 | 8 |
| SKF Group | 1909 | $320.0M | 400 | 46 |
| Sci Companies | - | $450,000 | 2 | 4 |
| Tyco International | 1960 | $17.4B | 69,000 | 10 |
| Spectra Tech, Inc. | - | - | 376 | 5 |
| Kewaunee Scientific | 1906 | $147.5M | 838 | 6 |
Matlab history FAQs
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