nCUBE Relocates To Larger Corporate Headquarters To Accommodate Rapid Growth; Company Also Expands Beaverton, Ore. Manufacturing Facility.FOSTER CITY, Calif.--(BUSINESS WIRE)--Feb. 14, 1995--nCUBE, a leading provider of massively parallel See MPP. processing (MPP (Massively Parallel Processing or Massively Parallel Processor) A multiprocessing architecture that uses up to thousands of processors. Some might contend that a computer system with 64 or more CPUs is a massively parallel processor. ) computers, today announced that it has moved its corporate headquarters to a larger facility in Foster City, Calif.The headquarters, which doubles the size of nCUBE's previous Foster City-based facility, houses sales, marketing, customer service, software, human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. , finance, and the company's executive staff. nCUBE also significantly increased the size of its Beaverton, Ore. site, which is home to the company's manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. and hardware engineering division. The expansions were prompted by the company's rapid growth over the past year, in which record-breaking system sales System sales is a business term used in the franchising industry. Franchisors provide supplies, marketing and administration services to franchisees in return for a part of the franchisees' revenues. Some franchisors also operate some outlets directly. were achieved in the database, interactive multimedia, and scientific market segments. In 1994, nCUBE revenues increased by approximately 100 percent over the previous year and company-wide staffing grew by 60 percent. Key sales in the past year included new system installations at Mercedes-Benz, Bell Atlantic, BT (British Telecom The telephone and communications carrier that provides services in Great Britain and Northern Ireland. It used to be a division of the British Post Office, but was privatized in 1984 under Margaret Thatcher's administration. ), ING Bank, Telecom Italia Telecom Italia is formerly a partially state-owned Italian telco. It was once known as SIP, and it has the largest user base in Italy. Telecom Italia also owns shares in Telecom Argentina and Telecom Personal, fixed and cellular networks in Argentina. , and the Japan Power Development Corp. "Our new headquarters provides nCUBE with the necessary resources to accommodate the company's unprecedented growth," said Robert Goldberg, vice president of marketing at nCUBE. "Additionally, our expanded plant in the Pacific Northwest significantly enhances nCUBE's manufacturing capabilities, allowing us to better meet the increased demand for our products." The company's dramatic growth can be partially attributed to strategic alliances with Amdahl Corporation, Olivetti SpA., and Oracle Corporation, which have helped broaden the availability and deployment of nCUBE massively parallel computers in North America and Europe. The company expects to maintain strong growth levels throughout 1995. nCUBE's new corporate address is 110 Marsh Drive, Foster City, Calif., 94404-1184. The phone number remains (415) 593-9000, and the fax number is (415) 593-5408. Founded in 1983, nCUBE pioneered the development of massively parallel computing solutions and today is a leading supplier. nCUBE systems are designed to accommodate the high-performance computing needs of relational database, multimedia, and selected scientific applications. CONTACT: nCUBE Corporation Rich Wyckoff, 415/508-5430 Miller Communications Jodi Guilbault or Peter Ross, 415/962-9550 |
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