About The Mathworks Inc

If you haven't heard of MATLAB, chances are you aren't a scientist or engineer. The MathWorks Inc. provides technical computing software used for data analysis, visualization, and mathematical computations. Its MATLAB, Simulink, and Polyspace products are used in such industries as aerospace, automotive, communications, electronics, financial services, and industrial automation. Applications for MathWorks' products have included hybrid electric vehicle design, race car performance improvements, paper currency verification, and the development of algorithms for DNA sequencing instruments used in mapping the human genome. MathWorks products are also used for teaching and research at more than 5,000 universities.

Operations

MathWorks counts more than a million users of MATLAB worldwide and MATLAB-based books are in 28 languages. MATLAB is increasingly being used as a chip design tool with the software being incorporated into design suites from such vendors as Agility Design Solutions, Altera, and Xilinx, among others. The company has released software tools for developing products for 5G wireless networks and the Internet of Things.

Geographic Reach

MathWorks is based in Natick, Massachusetts and had other US offices in Michigan and California. Overseas, the company has offices in the UK, France, China, Singapore, India, Ireland, and other countries. It reports that 60% of sales are from international customers.

Sales and Marketing

MathWorks serves a wide range of industries, including Aerospace and Defense, Automotive, Communications, Electronics and Semiconductors, Energy Production, Financial Services, Industrial Automation, Machinery, Medical Devices, and Metals.

MathWorks's major customers have included such heavy hitters as General Dynamics, Harris Corporation, Honeywell, General Motors, Jaguar, Hyundai, Genentech, Max Planck Institute, Motorola, Nokia, Intel, Bank of America, Capgemini, Xerox, the University of Cambridge, and the University of Melbourne.

Financial Performance

MathWorks reports revenue of $900 million and says its has been profitable every year since its founding in 1984.

Strategy

MathWorks has maintained robust growth, adding a second campus to its Natick, Massachusetts headquarters in 2018 and that it planned to hire about 2,000 workers in Natick over five years. It also continues to expand internationally, reaching customers in more than 180 countries.

The company has expanded its products to cover technologies such as artificial intelligence (including machine learning), 5G networks, and the Internet of Things.

Company Background

The company was co-founded in 1984 by majority owners John (Jack) Little (President), Cleve Moler (Chairman and Chief mathematician), and Steve Bangert.

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The Mathworks Inc

3 Apple Hill Dr
Natick, MA 01760-2098
Phone: 1 (508) 647-7000

Stats

  • Employer Type: Private
  • President: John N. Little
  • Chairman and Chief Mathematician: Cleve Moler
  • SVP Finance and Administration, CFO, and Treasurer: Jeanne O'Keefe
  • Employees: 4,000

Major Office Locations

  • Natick, MA

Other Locations

  • Novi, MI
  • Espoo, Finland
  • Montbonnot Saint Martin, France
  • Paderborn, Germany