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Teradyne, Inc.
Download detailed PDF Members: Teradyne was founded by Alex d'Arbeloff and Nick DeWolf, two classmates who met at Massachusetts Institute of Technology (MIT) in the late 1940s when they lined up alphabetically in an ROTC class. After graduation, Alex and Nick pursued separate careers, getting together again in 1960 with the vision of starting their own company. Alex and Nick foresaw that testing would become a bottleneck to high-volume production of electronic components unless the tasks performed by technicians and laboratory instruments could be automated. Their business plan involved of a new breed of "industrial grade" electronic test equipment, known as much for its reliability and economic payback as for its technical performance. The pair rented space above Joe and Nemo's hot dog stand, on the corner of Kingston and Summer Streets in downtown Boston. It was a location they both could walk to from their homes, and convenient to public transportation for all employees. The new venture was named Teradyne because "it had to have a 'D' in it," according to DeWolf. "'Tera' is the prefix for 10 to the 12th power and 'dyne' is a unit of force. To us, the name meant rolling a 15,000 ton boulder uphill," he said.
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