![]() The firm was one of 40–50 software companies started in the early 1960s, many of which would go on to be forgotten. UNIVAC awarded a $100,000 contract for the work Lecht hired some programmers and the company's first office was in former servant quarters atop the Plaza Hotel. ![]() The new firm's first job was fixing a language compiler on the UNIVAC LARC computer, which was being used by the United States Navy. Lecht, in his late twenties at the time, was a mathematician and entrepreneur whose involvement with the computer industry dated back to the early 1950s. It had an initial capitalization of $800, one contract, and one employee. ACT spent its first few years in converted space atop The Plaza hotel on Fifth Avenue and 59th Street in New York (here seen in 2010).Īdvanced Computer Techniques was founded in New York City in April 1962 by Charles P.
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