![]() ![]() In 1999, MathWorks relocated to the Apple Hill office complex in Natick, Massachusetts, purchasing additional buildings in the complex in 20, ultimately occupying the entire campus. By 1997, MathWorks was profitable, claiming revenue of around $50 million, and had around 380 employees. ![]() ![]() There, Little hired Jeanne O'Keefe, an experienced computer executive, to help formalize the business. A few years later, Little and the company moved to Massachusetts. The company sold its first order, 10 copies of MATLAB, for $500 to the Massachusetts Institute of Technology (MIT) in February 1985. Little would mail diskettes in baggies (food storage bags) to the first customers. They founded MathWorks along with Moler in 1984, with Little running it out of his house in Portola Valley, California. Little and Steve Bangert rewrote the code for MATLAB in C while they were colleagues at an engineering firm. Jack Little, who would eventually set up the company, came across the tool while he was a graduate student in electrical engineering at Stanford University. The company's key product, MATLAB, was created in the 1970s by Cleve Moler, who was chairman of the computer science department at the University of New Mexico at the time. Its major products include MATLAB and Simulink, which support data analysis and simulation. MathWorks is an American privately held corporation that specializes in mathematical computing software. ![]()
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