InterSystems
American technology company
From Wikipedia, the free encyclopedia
InterSystems Corporation is a privately held vendor of software systems and technology for high-performance database management, rapid application developmentintegration, and healthcare information systems. The vendor's products include InterSystems IRIS Data Platform, Caché Database Management System (now largely superseded by IRIS), the InterSystems Ensemble[1] integration platform (more recently marketed as HealthShare Health Connect), the HealthShare healthcare informatics platform and TrakCare[2] healthcare information system,[3] which is sold outside the United States.
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Company type | Private |
|---|---|
| Industry | software |
| Founded | 1978 |
| Founder | Phillip (Terry) Ragon |
| Headquarters | Boston, Massachusetts |
Key people | Phillip (Terry) Ragon, Founder and CEO |
| Products | InterSystems IRIS InterSystems IRIS for Health Caché Ensemble DeepSee HealthShare TrakCare GlobalsDB |
| Revenue | $1 billion+ (USD) (FY2024) |
| Website | www.InterSystems.com |
InterSystems is headquartered at One Congress in Boston, Massachusetts.[4] A privately held company, InterSystems reached a significant financial milestone in 2023 by surpassing $1 billion in annual revenue. As of 2024, the company reported annual revenues exceeding $1.1 billion and employs approximately 2,400 people worldwide.[5] Its technology is a primary driver in the healthcare sector, where it is estimated to manage records for over one billion patients.[6]
History
InterSystems was founded in 1978 by Phillip T. (Terry) Ragon, its current CEO.[7] The firm was one of the vendors of M-technology (aka MUMPS) systems, with a product called ISM-11 (an DSM-11 clone) for the DEC PDP-11 .[8] Over the years, it acquired several other MUMPS implementations: DTM from Data Tree (1993); DSM from Digital (1995);[9] and MSM from Micronetics (1998); making InterSystems the dominant M technology vendor.[citation needed]
The firm eventually started combining features from these products into one they called OpenM, then consolidated the technologies into a product, Caché, in 1997.[10] Caché offered several new important features, not available in MUMPS offerings, including support for web, object-oriented development and SQL access to the database. At that time they stopped new development for all of their legacy M-based products (although the company still supports existing customers). They launched Ensemble, an integration platform, in 2003[11] and HealthShare, a scalable health informatics platform, in 2006.[12] In 2007, InterSystems purchased TrakHealth,[10] an Australian vendor of TrakCare, a modular healthcare information system based on InterSystems technology. In May 2011, the firm launched Globals as a free database based on the multi-dimensional array storage technology used in Caché.[13] In September 2011, InterSystems purchased Siemens Health Services (SHS) France from its parent company, Siemens.[14] In September 2017, InterSystems announced InterSystems IRIS Data Platform, which, the company said, combines database management capabilities together with interoperability and analytics, as well as technologies such as sharding for performance.[15]
Microsoft dispute
On August 14, 2008, the Boston Globe reported that InterSystems was filing a lawsuit against Microsoft Corporation, another tenant in its Cambridge, Mass., headquarters, seeking to prevent Microsoft from expanding in the building. InterSystems also filed a lawsuit against building owner Equity Office Partners, a subsidiary of the Blackstone Group, "contending that it conspired with Microsoft to lease space that InterSystems had rights to, and sought to drive up rents in the process".[16]
In 2010, CEO Terry Ragon led a coalition in Cambridge called Save Our Skyline to protest a city zoning change that would have allowed more signs on top of commercial buildings, partly in response to Microsoft's desire to put a sign on top of their shared building.[17]
Both disputes were eventually settled, and Microsoft and InterSystems agreed to both put low signs only in front of the building at street level.
