The story
Founded by Salem Masry in 1979.1
The company was founded in Fredericton in 1979 as Universal Systems Ltd. and was a spin-off from research into data structures and computer-aided cartography at the University of New Brunswick's Department of Survey Engineering (now the Department of Geodesy and Geomatics Engineering). The company's first commercial software product was called "CARIS" whose acronym stood for "Computer Aided Resource Information System". The company name was changed from Universal Systems Ltd. to CARIS in the early 2000s in recognition of this first product and recognized brand. CARIS was wholly acquired on May 3, 2016, by international conglomerate Teledyne Technologies and renamed "Teledyne CARIS."
From Wikipedia’s article on Teledyne CARIS, shared under CC BY-SA 4.0.4