The story
REvolution Computing was founded in New Haven, Connecticut in 2007 by Richard Schultz, Martin Schultz, Steve Weston and Kirk Mettler. At the time Martin Schultz was also the Watson Professor of Computer Science at Yale University. Adding parallel computing to R allowed the company to net large gains in speed for many common analytics operations and early clients like Pfizer took advantage of REvolution R to see large performance gains using R on computing clusters. While the improvements to core R were released under the GNU General Public License (GPL), REvolution provides support and services to customers of their commercial product and had considerable early success with life sciences and pharmaceutical companies. A year later the company opened an additional office in Seattle.
In 2009 REvolution Computing accepted nine million dollars in venture capital from Intel and North Bridge Venture Partners, a private equity firm. Intel had previously supported REvolution Computing with venture capital in 2008. A number of Intel employees also joined Revolution Analytics as employees or as advisors. Concurrently, the company changed their name to Revolution Analytics and invited Norman Nie, founder of SPSS, to serve as CEO. This change in management corresponded with a movement toward building a more complete set of software for commercial users; prior to 2009 Revolution had been focused on building parallel processing functionality into the then mostly single threaded R. David Rich replaced Norman Nie as CEO in February 2012.
From Wikipedia’s article on Revolution Analytics, shared under CC BY-SA 4.0.4