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Comstor history
Comstor company history timeline
Comstor, founded in Chantilly, Virginia, in 1986 and acquired by GE Capital IT Solutions ten years later, did $500 million in annual sales.
1994 Company name changed to SYNNEX Launched contract assembly services
By 1995 the company was doing more than $150 million in annual sales and ready to embark on a major growth spurt.
In 1995 the company took steps to expand its business to the West Coast.
Also in 1996, Westcon Inc. became known as Westcon Group, Inc.
Westcon Group reached a watershed moment in 1997.
1998 Became certified IBM and HP Channel Assembly Partner
In 1998, the business consolidated its value-added distribution business under the name Westcon Group.
1999: The company begins distributing Cisco products.
1999 Opened Beijing, China BPO location
Westcon Group's Voda One division grew out of a pair of acquisitions in 2000: Omaha, Nebraska-based Inacom Communications, Inc., a subsidiary of bankrupt Inacom Corp., and Pittsburgh, Pennsylvania-based CCA Technologies, Inc., both of which distributed Lucent Technologies voice products.
2000: The company begins distributing Avaya products.
2000 Expanded United States distribution with new locations
Before resigning as CEO, Dolan prepared to take Westcon public in 2001 but the initial public offering (IPO) of stock was pulled as the economy began to falter.
Revenues topped the $2 billion mark in 2001, and although there was a reduction in headcount, it was achieved mostly through attrition.
2001: Acquired Merisel (Canada)
Early in 2002 it reached a tentative agreement to buy Netherlands-based Landis Group N.V., a deal that would strengthen Westcon's position in Europe, adding locations in Austria, Belgium, Denmark, France, Germany, The Netherlands, Norway, Spain, Sweden, and the United Kingdom.
2002 Launched Mexico operations Significant US expansion
2003 November 25, initial public offering on New York Stock Exchange (NYSE), ticker symbol SNX
He resigned in May 2004, replaced by Dolan.
By the autumn of 2004 the company had not yet pulled the trigger on the offering, which had been expected to take place in the first half of the year; there was every reason to believe, however, that the IPO would occur when conditions proved favorable.
2005 Forbes Magazine ranks SYNNEX among America’s Best Big Companies
2006 IT consumables (office products) expansion Opened Chengdu, China BPO location
2006: Acquired Azerty United (Canada)
2007 SYNNEX debuts on the Fortune 500 List, ranking #360
2008 SYNNEX ranks #350 on Fortune 500 List Expansion of Concentrix US and Philippines locations Opened new facilities in Greenville, SC, and Olive Branch, MS
2008: Acquired New Age Electronics
2011 Major expansion of distribution global footprint in Japan Significant expansion of Concentrix
2011: Acquired e4e (India, Scotland, United States)
2014: Acquired IBM Customer Care Business
2020 SYNNEX ranks #130 on Fortune 500 List Celebrated 134 consecutive, profitable quarters on November 30
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Comstor competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| IntegraONE | 1990 | $8.5M | 150 | - |
| Cloud Harmonics | 2012 | $40.0M | 125 | - |
| Cameo Global | 1993 | $50.0M | 750 | - |
| ACP CreativIT | 1985 | $61.0M | 50 | - |
| Westcon-Comstor | - | $58.5B | 2,000 | - |
| Rosetta Stone | 1992 | $182.7M | 1,375 | - |
| Real Green | 1984 | $37.5M | 194 | 2 |
| NinjaTrader | 2004 | $15.0M | 172 | 35 |
| Van Ausdall & Farrar | 1914 | $8.5M | 100 | 9 |
| Global Communication Semiconductors | 1997 | $3.3M | 20 | - |
Comstor history FAQs
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