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Computer Usage Corporation (CUC)
Year Founded:
1955
Founder(s):
Elmer C. Kubie
John W. Sheldon
Location:
New York, NY
Description:
CUC was the first company formed specifically to provide software development
services to computer users. The company was founded with $40,000 in start-up capital
which supported a staff of five in addition to the two founders. Its first project was a program written for
California Research Corporation to simulate the flow of oil. CUC became a public company in 1960 and by 1967
had a staff of over 700 people in 12 offices around the U.S. and revenues over $13
million. It suffered financial losses in the
late 1970s and eventually went bankrupt in 1986.
Year of First Public Offering:1960
Final Year in Business:1986
Disposition: Declared bankruptcy
Price, if sold: Not applicable
Current contact information:Not applicable
Sources for additional information:
Kubie, Elmer C. "Recollections of the
First Software Company." IEEE Annals of the History of Computing, Vol. 16, no.
2 (Apr-Jun 1994): 65-71.
Trimble, George R., Jr. "A Brief History of
Computing: Memoirs of Living on the Edge." IEEE Annals of the History of Computing,
Vol. 23, No. 3 (Jul-Sep 2001): 44-59.
Sources for information on this page:
Kubie, Elmer C. "Recollections of the First Software
Company." IEEE Annals of the History of Computing, Vol. 16, no. 2 (Apr-Jun
1994): 65-71.
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