Concurrent Computer Corporation

[1] This was subsequently done, with Perkin-Elmer retaining an 82 percent stake in Concurrent;[3] the remainder went on sale in February 1986 and opened at $20 per share.

[5] The initial focus of Concurrent Computer Corporation was in the 32-bit superminicomputer market, with an offering that emphasized parallel processing.

[9] Optimizing Fortran for a shared-memory multiprocessor presented special issues regarding do loops and cache thrashing, a subject that the compiler staff at Concurrent studied extensively.

[3][8] This "minnow-swallows-the-whale" style of merger was prevalent during the 1980s and in this case, as often happened in the era, it was largely financed by junk bonds.

[14] The idea behind the merger was to use MASSCOMP's lower-end offerings in the real-time space to complement Concurrent's higher-end products.

[13] The debt load imposed by the acquisition proved difficult to reduce, a problem made worse by the advent of the early 1990s recession in the United States, and there were a series of layoffs in the Monmouth County facilities.

[13] Finally, improved offerings in the real-time space by larger competitors such as IBM and Digital Equipment Corporation proved difficult to undercut.

[6] The company's major sales areas were in applications that included weather forecasting, air control, radar simulation, and financial trading.

[12] As the Asbury Park Press wrote of the Oceanport facility, "The former headquarters of Concurrent Computer Corp. [is] a once bustling place that has been nearly emptied by corporate downsizing".

[15] In July 1997, Concurrent sold the Oceanport building, although it still leasebacked a smaller manufacturing and servicing capability within it,[12] responsible for keeping going an older product line.

[21] Now CEO of Concurrent, Siegel said the relocation was for better executive access to the rest of the country and for a better talent pool; a factory remained in Pompano Beach, Florida.

[22] By the early 2000s, Concurrent was continuing its focus on the video-on-demand market and was selling to companies such as AOL Time Warner and Cox Communications.

[26] The resulting division was named Concurrent Real-Time, which was later acquired for $166.7 million by Brüel & Kjær, a subsidiary of Spectris plc, in July 2021.

[27][28] In October 2017, the video content delivery and storage business was acquired by the Canadian telecommunications firm Vecima Networks for $29 million,[29] in a transaction that appears to have closed in very early 2018.

Promotional ceramic mug c. late 1980s, showing the company's original logo
Concurrent Computer Corporation had engineering offices and sometimes its headquarters in this building (seen here in 2022) in Tinton Falls, New Jersey
This large building in Oceanport, New Jersey, was the site of Concurrent's manufacturing facility and sometimes its headquarters (seen here in 2022); it consisted of four interconnected structures that were built during the Interdata and Perkin-Elmer years [ 15 ]