Pursuits
Hidden U.S. Software Billionaire Ragon Surfaces in Boston
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The push to digitize medical records in the U.S. has created a new software billionaire who built his fortune 3,000 miles away from Silicon Valley.
Phillip Ragon, who goes by Terry, is the founder and sole owner of Cambridge, Massachusetts-based InterSystems Corp., the biggest provider of database management services in the health-care industry. With 80,000 customers and $385 million in annual revenue, closely held InterSystems is worth more than $2 billion, according to the Bloomberg Billionaires Index.