Early Life and Education
Phillip Terrence "Terry" Ragon was born in Arizona, the son of a U.S. Air Force fighter pilot. Due to his father's military career, he spent his childhood in various states and graduated from high school in Bogota, Colombia. Ragon displayed an early aptitude for science and technology, which led him to pursue higher education at the Massachusetts Institute of Technology (MIT).
Rise to Success
Ragon graduated from MIT in 1971 with a Bachelor of Science degree in physics. In 1978, he founded InterSystems Corporation in Cambridge, Massachusetts. InterSystems developed into a global leader in providing data management solutions for healthcare, finance, and other industries. Ragon has served as the CEO and owner of InterSystems since its inception. Under his guidance, the company has grown into a multi-billion dollar enterprise with a global presence.
Key Business Strategies
Ragon's leadership has been instrumental in InterSystems' success. The company's strategies involve providing advanced data management, integration, and analytics technologies. InterSystems focuses on solving interoperability, speed, and scalability problems for large organizations. The company’s commitment to 24/7 support for customers and partners worldwide reflects its dedication to excellence.
Philanthropy
Terry Ragon and his wife, Susan, are also known for their extensive philanthropic efforts. In March 2017, they signed The Giving Pledge, committing to donate at least half of their wealth to philanthropic causes. Their significant contributions include a $100 million pledge to AIDS research through the Phillip T. and Susan M. Ragon Institute at Massachusetts General Hospital (MGH) and a record $200 million donation to MGH in 2019. They further announced an additional $200 million donation to MGH for a vaccine-research center.
