Company History
| Industry | Computer industry |
|---|---|
| Founded | 1983 |
| Headquarters | Beaverton, Oregon, United States |
| Products | Computers |
nCUBE was founded in 1983 in Beaverton, Oregon by a group of Intel employees frustrated by Intel's reluctance to enter the parallel computing market, though Intel released their iPSC/1 in the same year as the first nCUBE was released. In December 1985, the first generation of nCUBE's hypercube machines were released. The second generation was launched in June 1989. The third generation was released in 1995.
In 1988, Larry Ellison invested heavily into nCUBE and became the company's majority share holder. The company's headquarters was relocated to Foster City, California to be closer to the Oracle Corporation. In the 1990s, nCUBE shifted its focus from the parallel computing market to the Video on demand (VOD) video server market. In 1994, Ronald Dilbeck became chief executive officer and set nCUBE on a fast track to an initial public offering.
In 1996, Ellison downsized nCUBE and Dilbeck departed. Ellison took over as acting CEO and redirected the company to become Oracle's Network Computer division. After the network computer diversion, nCUBE resumed development on video servers. nCUBE deployed its first VOD video server in Burj al-Arab hotel in Dubai.
In 1999, nCUBE announced it was acquiring a seven year old Louisville, Colorado software company SkyConnect, Inc., developers of digital advertising and VOD software for cable television and partner in their Burj Al-Arab hotel deployment. The company was once again on IPO fast-track, only to be halted again after the bursting of Dot-com bubble. In 2000, SeaChange International filed a suit against nCUBE, alleging its nCUBE's MediaCube-4 product infringed on a SeaChange patent. A jury upheld the validity of SeaChange's patent and awarded damages. The U.S. Court of Appeals for the Federal Circuit subsequently overturned the ruling on June 29, 2005.
As fallout from the dot-com bubble bursting, the recession, and the lawsuit, in April 2001 nCUBE laid-off 17% of its work force and began closing offices (Foster City in 2002 and Louisville in 2003) to downsize and consolidate the company around the Beaverton manufacturing office. Also in 2001, after acquiring patents from Oracle's interactive television division, nCUBE filed a patent infringement suit against SeaChange claiming that their competitor's video server offering violated its VOD patent on delivery to set-top boxes. nCUBE won the law suit and was awarded over $2 million in damages.
Also in 2002, Ellison stepped down from CEO and named Michael J. Pohl, who had been the company's president (and former CEO of SkyConnect) since 1999, as CEO.
In January 2005, nCUBE was acquired by C-COR for approximately $89.5 million.
In December 2007, C-COR was acquired by ARRIS.
Read more about this topic: NCUBE
Famous quotes containing the words company and/or history:
“I shall never send for a priest or recite an Act of Contrition in my last moments. I do not mind if I lose my soul for all eternity. If the kind of God exists Who would damn me for not working out a deal with Him, then that is unfortunate. I should not care to spend eternity in the company of such a person.”
—Mary McCarthy (19121989)
“While the Republic has already acquired a history world-wide, America is still unsettled and unexplored. Like the English in New Holland, we live only on the shores of a continent even yet, and hardly know where the rivers come from which float our navy.”
—Henry David Thoreau (18171862)