Concurrent Computer Corporation was an American computer company, in existence from 1985 to 2017, that made real-time computing and parallel processing systems. Its products powered a variety of applications including process control, simulators, data acquisition, and video-on-demand. It was based in Monmouth County, New Jersey, initially, and then later in Fort Lauderdale, Florida and Duluth, Georgia. The company was created in November 1985 when the computing division of Perkin-Elmer, the Data Systems Group, was spun off as a separate company. The computing group, which had started out as the company Interdata before Perkin-Elmer acquired it in 1974, had been profitable with sales of $259 million, but had tended to have reduced visibility within the computing industry due to being owned by a diversified parent. At first, the new company was a wholly owned subsidiary of Perkin-Elmer, but with the intentions of putting a minority ownership in the company up for a public stock offering. This was subsequently done, with Perkin-Elmer retaining an 82 percent stake in Concurrent; the remainder went on sale in February 1986 and opened at $20 per share. The stock traded on the NASDAQ exchange. More information...
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