Ampex is an American electronics company founded in 1944 by Alexander M. Poniatoff. The name AMPEX is an acronym, created by its founder, which stands for Alexander M. Poniatoff Excellence. At one time public, the remaining ongoing business unit (Ampex Data Systems Corporation) was acquired by Delta Information Systems in October 2014, with the original parent, Ampex Corporation, ceasing operations in October 2014.