[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.