Object Design, Incorporated
| Company type | Public |
|---|---|
| Industry | Software |
| Founded | 1988 |
| Founder | Daniel Weinreb |
| Defunct | 2002 |
| Fate | Acquired by Progress Software |
| Headquarters | Burlington, Massachusetts , United States |
| Products | ObjectStore, eXcelon XML application development platform |
Object Design, Incorporated (ODI), created in 1988 by Daniel Weinreb, was a software firm focused on object database technology, with its premier offering being ObjectStore. The company was based in Burlington, Massachusetts and originated from a group of former employees of Symbolics.
Introduced in 1990, ObjectStore was an object-oriented database that quickly attracted considerable attention. By 1994, ODI had secured the top position on Inc. magazine's ranking of the fastest expanding private companies in the United States. Among its initial prominent customers was Telstra, which implemented ObjectStore to manage toll-free call routing to local enterprises effectively.
ODI made its public market debut in 1996 on the NASDAQ exchange under the symbol ODIS. In 1999, it launched the eXcelon XML application development platform, promoted as an integration server solution. The company adopted the eXcelon name in January 2000 to highlight its strategic emphasis on XML integration technologies.
In 2002, Progress Software acquired ODI and continued advancing ObjectStore’s development. Later, in 2013, Progress divested ObjectStore to Aurea Software, a subsidiary of ESW Capital—the investment branch of Trilogy Enterprises—thereby transferring ownership to a specialized ESW Capital operating unit.
References
- Software companies based in Massachusetts
- Database companies
- Software companies established in 1988
- Software companies disestablished in 2002
- 1988 establishments in Massachusetts
- 2002 disestablishments in Massachusetts
- Companies formerly listed on the Nasdaq
- Defunct software companies of the United States
- 1996 initial public offerings