Newbridge Networks
In 1985, British Telecom bought a controlling interest in Mitel. Cowpland would later form the company that became Corel and Matthews later founded Newbridge Networks.
In 1986, Matthews drove Newbridge to become a leader in the worldwide data networking industry, manufacturing data communications products, especially ATM devices and routers. In 2000 the company employed more than 6,500 employees with recorded FY 1999 revenue of $1.8 billion. Later in 2000, Newbridge was acquired by Alcatel for $7.1 billion. Matthews' personal stake in Newbridge was valued at over a billion dollars, and as a result of the transaction he became the largest single shareholder in Alcatel.
Read more about this topic: Terry Matthews, Career
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