(BOSTON GLOBE) - Looking to become a major player in the Boston market quickly, New York-based Citigroup has purchased the naming rights to the Wang Center for the Performing Arts for about $34 million.
A Massachusetts company, Wang was a powerhouse in the computer industry before the IBM PC came along. From Wikipedia:
Wang Laboratories was a computer company founded in 1951 by Dr. An Wang and Dr. G. Y. Chu. The company was successively headquartered in Cambridge (1954-1963), Tewksbury (1963-1976) and Lowell, Massachusetts (1976-1997). At its peak in the 1980s, it had revenues of $3 billion/year and employed over 30,000 people.
Wang is best known for having introduced word processing to the corporate world and an early PC DOS word processor, Multimate, was essentially a clone of the Wang word processor's interface.
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