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Robert J. Pera (born March 10, 1978) is the founder of Ubiquiti Networks, Inc.

a global communications technology company that Pera took public in 2011.

In October 2012, Pera also became the owner of professional basketball team, the Memphis Grizzlies, when he purchased the National Basketball Association franchise from Michael Heisley.

At the age of 36, Pera earned a spot on Forbes' list of 10 youngest billionaires in the world.

Early life and education

Pera established his first computer services company while attending high school. That company provided networking and database services to local businesses. Pera also played on his high school's basketball team until a heart condition, which has long since been resolved, kept him home for a year. After high school, Pera attended the University of California, San Diego, where he graduated Phi Beta Kappa with a B.S. in Electrical Engineering and a B.A. in Japanese Language. He stayed on at UC San Diego and completed his masters in Electrical Engineering with an emphasis on Digital Communications and Circuit Design.

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Career

Pera, a graduate who adored Steve Jobs, gained a job at Apple Inc., where he tested the company's Wi-Fi units to ensure compliance with Federal Communications Commission electromagnetic emissions requirements. Pera's first impressions when working at Apple were that Apple's Wi-Fi devices used to throw signals were far below FCC standards. He argued that improving their signal range could help with internet access in areas that telephone and cable companies do not reach. Pera decided to build his own low-cost, high-performance Wi-Fi module after Apple's bosses dismissed his proposal. Pera spent his nights and weekends in his apartment building prototypes for the next year. By early 2005, he was ready to start his own business, and he partnered Apple with Ubiquiti Networks.

Pera founded Ubiquiti Networks in March 2005 with $30,000 in personal savings and credit card debt. Ubiquiti's early products wirelessly delivered the Internet to underserved areas (e.g., rural areas, and emerging markets) that do not have the infrastructure to access the Internet via traditional channels such as phone lines and cable lines. Since growing, the company has expanded into other product lines, such as wireless access points, security cameras, and traditional networking equipment (e.g., switches and routers).

Michael Heisley had an agreement in principle to sell the Memphis Grizzlies to Robert Pera on June 11, 2012. On October 25, 2012, the official sale of the Memphis Grizzlies to Pera was approved. During the first five seasons of Pera's tenure as owner, the Grizzlies made the NBA playoffs in the two seasons before Pera bought the team and made the playoffs. The Grizzlies won a club record 56 games and made their first-ever appearance in the Western Conference Finals in the first year of Pera's ownership. During Pera's tenure, the Grizzlies team won more playoff games than it did during the team's 17 previous seasons in the NBA.

Pera is a sponsor of the Grizzlies Foundation, a sports charity that is based in Memphis.

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