Sir Terence Hedley Matthews OBE, P.Eng., F.I.E.E. F R Eng (born 1943 in Newport, Wales) is a serial high tech entrepreneur, and Wales' first billionaire. The Most Excellent Order of the British Empire is a British Order of chivalry established on 4 June 1917 by King George V. Professional Engineer (PE is the term for registered or Licensed Engineers in some countries who are permitted to offer their Professional services directly The Institution of Engineering and Technology ( IET) is a British Professional body for those working in Engineering and Technology Year 1943 ( MCMXLIII) was a Common year starting on Friday (the link will display full 1943 calendar of the Gregorian calendar. Newport (Casnewydd is a city and principal area in Wales, in the United Kingdom. High tech is Technology that is at the cutting edge —the most advanced technology currently available A billionaire is a person who has a Net worth of at least one billion units of currency such as United States dollars ( USD /US$ U
Matthews has founded several dozen companies in the United Kingdom and Canada in the high tech communications field. His most notable successes so far have been with Mitel (which he sold to British Telecom), and Newbridge Networks which was acquired for seven billion dollars by Alcatel. WikipediaWikiProject Companies template --> Mitel is a high-tech company providing voice-centric IP-based communications solutions for business BT Group plc (formerly British Telecommunications plc) which trades as BT (ˌbiːˈtiː bee tee) (previously known as British Telecom and still Newbridge Networks was an Ottawa, Ontario, Canada company founded by Canadian/ Welsh entrepreneur Terry Matthews. Alcatel-Lucent is one of the world's biggest industry players in Telecommunications that provides hardware software and services to Service Providers Enterprises and
After an apprenticeship at British Telecom's research lab at Martlesham Heath, Matthews left the UK and joined MicroSystems International, a chipmaking operation affiliated with Northern Electric (now Nortel Networks), in Ottawa, Canada. BT Group plc (formerly British Telecommunications plc) which trades as BT (ˌbiːˈtiː bee tee) (previously known as British Telecom and still Adastral Park is the name given to what was once the BT Research Laboratories or BT Labs based at Martlesham Heath near Ipswich in the English Martlesham Heath village is situated 6 miles east of Ipswich, in Suffolk, England Microsystems International Limited (MIL was a telecommunications company based in Ottawa founded in 1969 Nortel Networks Corporation () formerly known as Northern Telecom Limited and sometimes known simply as Nortel, is a multinational Telecommunications Ottawa (ˈɒtəwə or sometimes /ˈɒtəwɑː/ is the Capital of Canada and the country's fourth largest municipality.
Matthews' first enterprise was started in collaboration with fellow British émigré and Microsystems employee Michael Cowpland as a way to raise seed money for future enterprises they had planned. Michael Cowpland (born April 23, 1943) is a Canadian entrepreneur businessman and the founder and one-time president chairman and CEO of Corel The pair intended to import and sell electric lawnmowers built in the UK – Mitel, formed in 1972, was a contraction of "Mike and Terry's Electric Lawnmowers". A lawn mower or lawnmower is a machine that has one or more revolving blades to cut a Lawn at an even length Year 1972 ( MCMLXXII) was a Leap year starting on Saturday (link will display full calendar of the Gregorian calendar. This first endeavour was a fiasco; the shipping company carrying the first batch lost the container.  When the lawnmowers finally arrived, the ground was covered with snow in the Canadian winter and no one would buy them. Matthews later said "That taught me a key lesson — the importance of timing. The shipping company lost the lawnmowers! By the time they showed up no-one wanted them, as you can't cut grass when it's covered with snow. "
Mitel became a technology consultancy company run from home to the various companies around Ottawa's emerging high-tech district. Mitel's clients included the National Research Council, the Communications Research Centre, and a handful of pioneering start-ups including SHL Systemhouse and Quasar Systems (now Cognos). The Communications Research Centre (CRC Canada is a scientific laboratory on Carling Avenue at Shirley's Bay in Ottawa. Cognos (formerly Cognos Incorporated is an Ottawa, Ontario based company which makes Business intelligence (BI and performance management 
Obtaining funding by other means from both banks and BNR, the two developed a telephony DTMF tone receiver based on Cowpland's Ph. Bell-Northern Research ( BNR) was one of the world's premier Research and development organizations in Telecommunications, jointly owned by Bell Canada In Telecommunication, telephony (təˈlɛfəni or teh-LEH-fuh-nee encompasses the general use of equipment to provide voice communication over distances specifically Dual-tone multi-frequency ( DTMF) signaling is used for Telephone signaling over the line in the voice-frequency band to the call switching center D. thesis. This was a major advance in the technology since they were able to sell receivers at a fraction of the cost of competing versions, while gaining returns of 1000%. Additionally, Mitel later became a chip manufacturer with the acquisition of the Silek foundry in Bromont Quebec.
Later the pair realized that the then new technology of microprocessors and other semiconductor devices would make a similar change in the market for small PBXs. A microprocessor incorporates most or all of the functions of a Central processing unit (CPU on a single Integrated A private branch exchange (PBX is a Telephone exchange that serves a particular business or office as opposed to one that a Common carrier or telephone company The SX200 PBX launched to immense success, being cheaper to purchase, quicker to install and far more functional. Mitel became one of the more successful manufacturers of small PBX systems and telecom semiconductors in the world, floating on the New York Stock Exchange in 1981. The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City. Year 1981 ( MCMLXXXI) was a Common year starting on Thursday (link displays the 1981
In 1985, British Telecom bought Mitel. Year 1985 ( MCMLXXXV) was a Common year starting on Tuesday (link displays 1985 Gregorian calendar) Cowpland would later form the company that became Corel and Matthews founded Newbridge Networks in 1986. Corel Corporation is a Canadian Computer software company headquartered in Ottawa, Canada Newbridge Networks was an Ottawa, Ontario, Canada company founded by Canadian/ Welsh entrepreneur Terry Matthews. Year 1986 ( MCMLXXXVI) was a Common year starting on Wednesday (link displays 1986 Gregorian calendar)
Matthews drove Newbridge to become a leader in the worldwide data networking industry, manufacturing data communications products, especially ATM devices and routers. In electronic digital data transmission systems the Network protocol Asynchronous Transfer Mode (ATM encodes data traffic into small fixed-sized cells A router ('rautər in the USA 'rutər in the UK and Ireland, or either pronunciation in Australia and Canada is a Computer whose software and hardware are usually In 2000 the company employed more than 6,500 employees with recorded FY 1999 revenue of $1. 2000 ( MM) was a Leap year that started on Saturday of the Common Era, in accordance with the Gregorian calendar. Year 1999 ( MCMXCIX) was a Common year starting on Friday (link will display full 1999 Gregorian calendar) 8 billion. Later in 2000, Newbridge was acquired by Alcatel. Alcatel-Lucent is one of the world's biggest industry players in Telecommunications that provides hardware software and services to Service Providers Enterprises and  Matthews' personal stake in Newbridge was valued at over a billion dollars, and as a result of the transaction he became the largest single shareholder in Alcatel.
In an ironic turn, he reacquired the Mitel PBX business and company name in 2000. He has invested heavily ($600 million by 2006) in Mitel to turn it into a broadband communications company. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. The term broadband can have different meanings in different contexts The company has made significant investments in enterprise Voice over IP telephony technology. Voice-over-Internet protocol ( VoIP, vɔɪp is a protocol optimized for the transmission of voice through the Internet Mitel's manufacturing business was spun off as Breconridge. Breconridge is a contract Manufacturer of electronic and especially Telecommunications systems headquartered in Ottawa Canada.
On April 27, 2005, March Networks, another of his start-ups, went IPO. Events 1124 - David I becomes King of Scotland. 1296 - Battle of Dunbar: The Scots are defeated Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. March Networks Corporation ( is a provider of video and data applications used for security surveillance monitoring analysis and business optimization Initial public offering (IPO, also referred to simply as a "public offering" is when a company issues Common stock or shares to the public for the first This venture was the first successful high tech IPO in the Ottawa area since 1999. Ottawa (ˈɒtəwə or sometimes /ˈɒtəwɑː/ is the Capital of Canada and the country's fourth largest municipality. Year 1999 ( MCMXCIX) was a Common year starting on Friday (link will display full 1999 Gregorian calendar)
In addition, Matthews serves on the Board of Directors for a number of high technology companies and is Chairman or serves on the Board of Directors of DragonWave, Bridgewater Systems, Solace Systems and NewHeights Software.
Although Matthews emigrated to Canada as a young man, he takes a considerable interest in his home country and spends much time there. One of his ventures is the Celtic Manor Resort, a leisure complex in Newport, chosen to host the Ryder Cup golf tournament in 2010. The Celtic Manor Resort is a Golf -centric Hotel and leisure resort in the city of Newport, South Wales, United Kingdom. Newport (Casnewydd is a city and principal area in Wales, in the United Kingdom. The Ryder Cup is a Golf trophy donated by Samuel Ryder, which is awarded Biennially in an event called the "Ryder Cup Matches" between teams from For the film see 2010 The Year We Make Contact. For the book see 2010 Odyssey Two. The original Celtic Manor Hotel was formerly a maternity home and is Matthews' birthplace. Matthews also owns the Brookstreet Resort in Ottawa, Canada.
Matthews bought Celtic Manor in 1980, ploughing £100M into the project. Year 1980 ( MCMLXXX) was a Leap year starting on Tuesday (link displays the 1980 Gregorian calendar) Firstly the 19th century Manor House was renovated, while in 1991 plans were unveiled to develop two new golf courses and a convention centre between the manor and the River Usk. Year 1991 ( MCMXCI) was a Common year starting on Tuesday (link will display full calendar of the Gregorian Calendar. The River Usk (Afon Wysg rises in the Carmarthen Fans Mountains or Fan Brycheiniog of mid- Wales, in the westernmost Matthews had become friends with golf course architect, the late Robert Trent Jones Snr, whose family roots were in Aberystwyth. Robert Trent Jones Sr ( June 20, 1906 &ndash June 14, 2000) was a Golf course architect who designed (or re-designed about 500 Aberystwyth (Mouth of the River Ystwyth ˌæbəˈrɪstwɪθ Dialect: abɛrˈəstɔʏθ is a historic Market town, administrative centre and holiday resort within Work began on the Roman Road course in 1992, named after the main route connecting the fortress of Caerleon with the town of Caerwent, which crosses the land. Year 1992 ( MCMXCII) was a Leap year starting on Wednesday (link will display full 1992 Gregorian calendar) Caerleon (Caerllion is a suburban village and community, situated on the River Usk in the northern outskirts of the city of Newport, South Caerwent (Caer-went is a Village and community in Monmouthshire, Wales, located about 5 miles west of Chepstow and 11 miles east In 1994 the 4,000-yard Coldra Woods course was started, as well as the £10m golf clubhouse hotel. Year 1994 ( MCMXCIV) was a Common year starting on Saturday (link will display full 1994 Gregorian calendar) Interior design was completed by Patrick Goff of Goff Associates, the son of Welshman Roy Goff, who managed the site when it was the nursing home in which Matthews was born. The Celtic Manor was Hotel of the Year in 2002, and won two European Design Awards in 2001 - one for Goff Associates, and one for its spa from the International Spa Association. See also 2002 (disambiguation Year 2002 ( MMII) was a Common year starting on Tuesday of the Gregorian calendar. Year 2001 ( MMI) was a Common year starting on Monday according to the Gregorian calendar. The term spa is associated with water treatment which is also known as Balneotherapy, Spa towns or Spa resorts offering such treatment or the medication  Matthews commented that: ""I think the resort can act as a magnet to draw new investment into Wales from across the UK and overseas. I did my best to put up a building that you can see from the West End of London and I didn't come far short of it!". 
Matthews is intensely protective of his family. His son Owen is CEO of a Matthews company, NewHeights Software. 
He was awarded the OBE in 1994, and was knighted in the Queen's Birthday Honours List (June 2001). The Most Excellent Order of the British Empire is a British Order of chivalry established on 4 June 1917 by King George V. Year 1994 ( MCMXCIV) was a Common year starting on Saturday (link will display full 1994 Gregorian calendar) The British honours system is a means of rewarding individuals' personal bravery achievement or service to the United Kingdom. June 2001: January - February - March - April - May - June - July - August - September