Fortune Systems Corporation, later Tigera Group, Inc. and Connectivity Technologies, Inc., was an American computer hardware and software company active from 1980 to 2011.
[1]: 14 Its principal founder was by Gary B. Friedman,[2][3]: D1 who had previously co-founded Itel Corporation, another San Francisco company in the business of leasing industrial equipment such as mainframe computers, with Peter Redfield in 1967.
[4]: 5.8 [5][6]: IV.1 Before founding Itel, Friedman had worked for International Business Machines Corporation (IBM) from 1955 to 1967, as a manager within that company's marketing department.
[11][12] Other early investors included the First Chicago Bank, BNP Paribas, Walter E. Heller and Company, and the Greyhound Computer Corporation of Phoenix, Arizona; at 33 percent, Thomson's stake in Fortune was the largest of the bunch.
[14] The company began taking orders for the 32:16 worldwide (barring France, where Thomson resold it as the Micromega 32) in June 1982,[12] delivering the first of the units to customers in August 1982.
[17]: 100 [18]: 69 However, adoption rates were slow—the company selling only 5,600 units of the 32:16 within six months of market introduction[19]—and reports of technical issues and poor software selection began to mar its reputation.
[26] On the heels of the release of their second generation of workstations in October 1983, Friedman announced his resignation from the company, citing differences with Fortune's board of directors.
[29] In December 1983, James S. Campbell, formerly of Shugart Associates, was named Fortune's new permanent CEO, with Caplan demoted to executive vice president.
Campbell attributed the loss to a decrease in the company's international sales, as well as mounting competition from IBM and AT&T, established stalwarts of the computer industry, in the Unix workstations arena.
[23]: C-10 In August 1984, Fortune announced that they were in talks to acquire North Star Computers, a microcomputer manufactured based in nearby Berkeley, California, for $14 million.
[38] Shortly before another product refresh at Fortune, Dunn and van den Berg, the company's last remaining co-founders, resigned from their posts in July 1984, supposedly in anticipation of the executive churn that would occur as the result of the merger.
[48] In July 1985, Fortune partnered with Kirloskar Group, a large conglomerate of India, to provide the latter with thousands of workstations for their daily operations.
[53] Several of Fortune's former distributors filed a lawsuit in the Sacramento County Superior Court against Tigera Group in September 1987, seeking $39 million in punitive damages.