Tech Data Celebrates 35th Anniversary

Author:
Publish date:
Social count:
0

Tech Data Corporation marked its 35th anniversary. The company—established during the formative years of the computer industry as a data-processing supplies reseller—has successfully managed through the highs and lows of the technology industry during the last three decades to emerge as one of the world’s largest IT products distributors.

“This milestone is an exciting achievement,” said Tech Data CEO Robert Dutkowsky. “It underscores the strength and stability of Tech Data. Our company—thanks to all our employees worldwide—has proven its ability to keep up with the technology industry’s rapid pace, efficiently execute on behalf of our customers and vendor partners, and smartly manage the business during both robust and challenging economic times.”

Tech Data distributes the latest IT solutions from about 450 leading hardware and software producers to more than 125,000 IT resellers in more than 100 countries. The company has operations in 23 countries, sold more than $90 million worth of IT products a day last year and extends billions of dollars in credit to its reseller customers. For its fiscal year ended January 31, 2009, Tech Data generated net sales of $24.1 billion, a record-setting year for the company that ranked it 102nd on the Fortune 500. Tech Data’s current market capitalization exceeds $2.0 billion.

Tech Data Corporation was founded in 1974 by Edward C. Raymund, father of the company's chairman and former CEO Steven A. Raymund. In 1983, the company began supporting microcomputer resellers as a wholesale distributor. Tech Data employed about a dozen people then and handled all customer orders from a small office/warehouse in Clearwater, Fla., not far from its worldwide headquarters today.

Solid performance in the United States supported the company’s international expansion. Tech Data entered Canada in 1989 through an acquisition, and in early 1993 the company launched an export division based in Miami to serve the Latin American market. Tech Data entered the European market in 1994 through an acquisition and opened its first distribution center in Latin America in 1997.

In 1998, Tech Data acquired a majority interest in Munich-based Computer 2000, Europe’s leading IT products distributor. Computer 2000 also gave the company a broader presence in Latin America. In 1999, the company doubled its size in the Canadian market through the acquisition of Globelle Canada. In 2003, it acquired several companies including Azlan Group PLC to further build its European operations.

In October 2006, Dutkowsky was named CEO of Tech Data. He quickly began positioning the company to capitalize on new growth opportunities with a renewed emphasis on three key strategies: execution, innovation and diversification. In February 2007, Tech Data established its first joint venture, Brightstar Europe, to capitalize on the emerging mobile and wireless device market in Europe. Last year, Tech Data further strengthened its position in Europe by acquiring certain assets of Nordics-based IT distributor Scribona, making Tech Data the region’s market leader.

Related

Altinex and IAVI Celebrate Anniversary

Altinex recently reached the first anniversary of its distribution agreement with IAVI . The accord, which united the Altinex suite of computer video interfaces, distribution amplifiers, switchers, matrix switchers, software, and furniture connectivity products with IAVI’s display and audio equipment offerings, h

AMX and Tech Data for IT

 AMX has announced broader expansion into distribution through an agreement with Tech Data, a global IT distributor. The partnership will make available to Tech Data’s base of IT resellers a selection of AMX solutions that allow convergence of A/V systems into an IT framework. AMX solutions enables digital signage and

Visix Celebrates 30th Anniversary

ATLANTA, GA--This January Visix begins celebrating its 30th year in business. The digital signage software company will commemorate this milestone by launching several new products, hosting special events, moving to new offices, and expanding the personnel roster.   The company will launch a new media management tool

SCP Celebrates 10th Anniversary

Tamarac, FL-- Structured Cable Products is kicking off a celebration of its 10th year in business.   “We’re honored to celebrate this milestone in our company’s history,” said David Spiller, president of Structured Cable Products. “SCP was built around the commitment of providing its customers with the products they

Tech Data Corporation Offers Unified Communications

Tech Data Corporation has announced a distribution agreement with Fonality, a provider of open source unified communications business systems. Through its Telephony Specialized Business Unit (SBU), Tech Data will offer resellers Fonality's open source, Hybrid Hosted solutions, including the trixbox

Crown Celebrates 60th Anniversary

From its humble beginnings in 1947, Crown International has grown to become one of the world's largest and most respected manufacturers of power amplifiers and microphones for professional audio markets.

Tech Data, Saddle Ranch Distribution Agreement

David Keene– Following on the heels of November’s news that Saddle Ranch Productions acquired Seatac Digital Resources, in a move designed to move the company from being a pure content provider to having a broader range of digital signage content services, the new company has now entered into a distribution agreement