P hillip "Terry" Ragon is a self-made American billionaire who is a pioneer in the software industry. He is the founder and CEO of InterSystems, a major privately held software company that provides the underlying technology for a vast number of healthcare and financial applications. An MIT-trained physicist, he founded the company in 1978. He has since built it into a global leader in the field of high-performance database management systems.
InterSystems' flagship product, a database technology called Caché, is the critical engine that powers many of the world's most important electronic health record (EHR) systems, as well as major applications in finance and government. The company's technology is known for its extreme reliability and scalability. Ragon has remained the sole owner of the highly profitable company, which has made him a multi-billionaire. He is also a major philanthropist, who, along with his wife Susan, has donated hundreds of millions of dollars to establish the Ragon Institute of MGH, MIT, and Harvard, a major research center focused on developing a vaccine for HIV/AIDS.
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Dr. Phillip T. 'Terry' Ragon is an American businessman, the self-made billionaire Founder, CEO, and Chairman of InterSystems Corporation, a global leader in healthcare data management, database technology, and electronic health records (EHR). His career is rooted in elite computer science, technology, and serial entrepreneurial disruption.
Ragon holds a B.S. in Electrical Engineering from the Massachusetts Institute of Technology (MIT). His philosophical approach centers on technological excellence, scale efficiency, and long-term commitment to healthcare interoperability (solving the complex problem of integrating medical data). His structural contribution is immense: pioneering the modern healthcare data management system.
Terry Ragon's strategic genius was his commitment to solving the complexity of medical data. He founded InterSystems in 1978, recognizing the immense, untapped global demand for efficient, high-performance database technology to manage the rapidly growing volume of healthcare data. His structural contribution is immense: pioneering the specialized database and EHR system that is foundational to modern hospital and clinical care globally.
His structural contribution is tied to his immense philanthropic commitment to infectious disease research (co-founding the Ragon Institute with MIT and MGH). His wealth is secured by the colossal, long-term, stable profitability of the global healthcare software and technology sector.
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Founds InterSystems Corporation (Founding).
Co-founds the Ragon Institute (Medical Philanthropic Founding).
InterSystems achieves global dominance in healthcare data management (Software Apex).
Continues as Founder, CEO, and Chairman, guiding the global technology giant (Executive Oversight).
Phillip T. (Terry) Ragon's wealth is concentrated in his founding and controlling ownership of the private technology giant, InterSystems Corporation.
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Dr. Terry Ragon's social impact is massive and humanitarian, tied to InterSystems' role in providing essential data management infrastructure that enables efficient healthcare delivery globally. His founding of the Ragon Institute (with a $100 million commitment) provides a major structural contribution to infectious disease research (HIV, COVID-19). His structural contribution is tied to his belief in technology as a force for public health and his influential role in the global healthcare IT ecosystem.
His personal philanthropy supports various community and educational initiatives.
Dr. Terry Ragon maintains the professional, composed style of a technology executive. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic reflects serious authority and stability, typical of a pioneer in the specialized healthcare IT sector.
Residing in Cambridge, Massachusetts, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to technology innovation, medical research, and the long-term stewardship of the InterSystems platform.
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-0.08% | -$25.59M
+35.63% | +$617.78M
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