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Ingram Micro history
Ingram Micro company history timeline
Ingram Micro's origins trace back to the founding of distributor Micro D, Inc. in July 1979 by husband and wife team, Geza Czige and Lorraine Mecca, who were both teachers.
Mergers Leading to Creation of Ingram Micro Inc.: 1982-89
1982: Software Distribution Services is founded in Buffalo, New York.
Ingram Micro's origins trace back to the founding of distributor Micro D, Inc. in July 1979 by husband and wife team, Geza Czige and Lorraine Mecca, who were both teachers. It rapidly expanded nationwide and held its public offering in 1983.
Ingram Distribution Group was a unit of Ingram Industries Inc., which PC Week described as "a small conglomerate with operations in marine transportation, energy, distribution, and insurance." Ingram Distribution Group began distributing entertainment and educational software in 1983.
Ingram Software expanded in December 1985 with the purchase of Softeam, a Compton, Calif.-based distributor.
In December 1986 Ingram Software purchased the remaining half of the Canadian operation and renamed it Ingram Software Ltd.
Ingram Computer was headed by CEO and Chairman David Blumstein, who joined the company in January 1988.
The operation was renamed Ingram Computer in February 1988.
By January 1989 Ingram Industries had acquired nearly 59 percent of the stock of Micro D, the leading software distributor in the United States.
1989: Ingram Computer merges with Micro D to create Ingram Micro D.
In 1989 Ingram Micro, then called "Ingram Micro-D", was a subsidiary of the privately owned Ingram Industries group, took over the Belgian Softinvest and its three Softeurop subsidiaries active on the Belgian, the French and the Dutch markets from Brussels, Lille and Utrecht.
Growing into a Multibillion-Dollar Company: 1990-96
Ingram expanded its European presence in 1991 with acquisitions in the United Kingdom and a start-up operation in Italy.
In 1991 sales topped $2 billion for the first time and registered a 41 percent increase over the previous year.
Ingram Micro entered the Asia-Pacific region in 1992 by establishing operations in Malaysia and Singapore.
For the first quarter of 1992 sales grew another 40 percent to a record $606 million, with international sales accounting for about 15 percent of revenue.
In August 1993, Ingram Micro Belgium acquired Zedd, (Zaventem Electronic Dealer Distribution) and much of its assets including the right to distribute Hewlett Packard products.
For 1993 distributors accounted for about 40 percent of the estimated $6.5 billion in sales of PC-related products.
In 1994 the company became an authorized reseller to VARs for Compaq Computer Corp.
That compared to net income of $63.3 million on sales of $5.83 billion in 1994.
In 1995 the conglomerate announced it would form three independent companies: Ingram Industries, Ingram Entertainment, and Ingram Micro, with Ingram Micro the only one going public.
Ingram Entertainment was focused on distributing videocassettes and was headed by David Ingram, son of company founder Bronson Ingram, who died in the summer of 1995.
For 1995 Ingram Micro had revenue of $8.6 billion and a profit of $84.3 million.
In August 1996 Ingram named Jerre Stead, former CEO of AT&T Global Information Solutions and Legent Corp., as CEO of Ingram Micro.
In 1996, 17 years after the founding of Micro D, Ingram Micro once again became a public company, listing its shares on the New York Stock Exchange (NYSE). That year, the company’s revenues totaled more than $12 billion.
Ingram Micro gained entry to ten Asia-Pacific countries with a minority investment in Electronic Resources Ltd. (ERL) in November 1997.
Ingram Micro expanded its European operations in 1997 with the acquisition of TT Microtrading in Finland and J&W Computer GmbH in Frankfurt, Germany.
In 1997 revenue increased to $16.6 billion, and net income reached $193.6 million.
Much of the growth was attributed to strong sales in Europe, where quarterly sales grew by 38 percent in the first quarter of 1998.
The company also established a Latin America Export Division in 1998 in Miami to serve international markets where it did not have a stand-alone, local operation.
Net income was $183.4 million, down from $245.2 million in 1998.
For 1999 Ingram Micro reported sales of $28.07 billion.
At the beginning of 2001 Ingram Micro Chief Financial Officer (CFO) Mike Grainger was named the company's president and COO. As CFO Grainger had led the company through its IPO and was now in charge of its global operations.
In July 2005 Ingram Micro purchased AVAD, LLC, a wholesale distributor for home automation and A/V gear.
The Shared Services Center in Manila, Philippines began operations last May 2009.
In late 2013, Ingram Micro acquired a Silicon Valley based e-commerce shipping company, Shipwire.
On June 23, 2014, Ingram Micro announced its new brand identity.
In June 2014, Ingram Micro changed their logo and introduced a new tagline: "Ingram Micro helps businesses realize the promise of technology".
Other ventures in 2014 included entry into cloud computing, or software-, platform- and infrastructure-as-a-service.
In December 2015, Ingram Micro acquired Odin Service Automation platform from Parallels for $163.9 million.
It sold this subsidiary in July 2016.
The acquisition was completed in December 2016.
In October 2017, Ingram Micro partnered with DocuSign.
In December 2017, Ingram Micro acquired Cloud Harmonics, expanding its cyber security capabilities.
In May 2018, Ingram Micro formed CloudBlue.
In December 2020, Platinum Equity announced its intent to acquire Ingram Micro in an all-cash transaction with an equity value of approximately US$7.2 billion.
In December 2021, CEVA Logistics, a subsidiary of CMA CGM, announced plans to buy Ingram Micro CLS; Ingram's Third Party Logistics arm.
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Ingram Micro competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Radial | 1999 | $1.1B | 7,000 | 28 |
| Technicolor | 1915 | $3.2B | 17,414 | 10 |
| Brightpoint | 1989 | $5.2B | 3,909 | 137 |
| Shipwire | 2006 | $12.0M | 50 | - |
| Budco Holdings Inc | 1982 | $148.6M | 906 | - |
| Integra Business Sys | 1983 | $6.1M | 2 | - |
| Monoprice | 2002 | $18.0M | 150 | - |
| On Target LLC | - | $1.0M | 25 | 6 |
| Parallels | 1999 | $100.0M | 801 | - |
| ERG | 2004 | $49.9M | 690 | 66 |
Ingram Micro history FAQs
Zippia gives an in-depth look into the details of Ingram Micro, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Ingram Micro. The employee data is based on information from people who have self-reported their past or current employments at Ingram Micro. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Ingram Micro. The data presented on this page does not represent the view of Ingram Micro and its employees or that of Zippia.
Ingram Micro may also be known as or be related to Ingram Micro, Ingram Micro Inc, Ingram Micro Inc. and Ingram Micro Latin America.