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Systemax history
Systemax company history timeline
The company issued its first mail-order catalog in 1972 under the name Global Industrial Products.
Midwest Micro and Infotel acquired (founded in 1982 in Fletcher, Ohio; Midwest Micro renamed Systemax Manufacturing).
CompUSA assets acquired (founded in 1984 as Soft Warehouse in Addison, Texas).
The acquisition of Dartek Corporation in 1986 extended Global's base of operations.
TigerDirect acquired (founded in 1987 in Miami, Florida as Tiger Software).
In 1990 the company entered the European market through the acquisition of Heathrow Computer Supplies based in London.
Distributing 65 million copies of ten different catalogs, Global reached 1990 revenues of $178.6 million and garnered a net income of $2.3 million.
In 1991 Misco reported revenues of $113 million, more than double Global's own revenues, with 26 percent of revenues originating in the United Kingdom, Germany, Italy, and Spain.
In 1991 Infotel began to offer its own line of personal computers.
The biggest risk the Leeds took involved the 1992 purchase of Misco, a supplier of computer products in the United States, Canada, and Europe.
In 1994 the company recorded revenues of $484.2 million and net income of $17.1 million.
1994: The acquisition of Misco expands the company's reach in North America and Europe.
In June 1995 Global went public, offering 8.3 million shares of stock at $17.50 per share.
In early 1996 Global expanded operations in Chicago by consolidating two distribution centers into one larger facility.
In early 1997 Global issued three new catalogs directed to niche computer supply markets.
In 1997 Global distributed 40 color catalogs, many directed to unique market categories, and sold goods via more than six Internet sites.
1997: The build-to-order computer market is accessed through the acquisition of Infotel, Inc.
1997 Sales exceed $1 billion.
1998: Sales exceed $1 billion, earning Global a place on the Fortune 1000 list.
In early 1999 Global reported that its web sites averaged more than $1.5 million in sales weekly.
2000 TigerDirect opens first stand-alone retail store in Miami, Florida.
The company reported sales of $1.6 billion in 2001, a decline due to lower sales to business customers, though national advertising stimulated consumer sales.
2016 Misco Germany sold to Cancom.
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Systemax competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Wayfair | 2002 | $11.9B | 16,901 | 567 |
| Henry Schein | 1932 | $12.3B | 19,001 | 532 |
| Staples | 1986 | $18.2B | 75,000 | 2,052 |
| Etsy | 2005 | $2.8B | 1,400 | 46 |
| Xerox | 1906 | $6.2B | 24,700 | 681 |
| NCR | 1884 | $2.8B | 36,000 | 68 |
| eBay | 1995 | $10.3B | 13,300 | 206 |
| Dell | 1984 | $95.6B | 165,000 | 152 |
| AT&T | 1983 | $122.3B | 230,000 | 3,854 |
| Neustar | 1996 | $1.2B | 1,800 | - |
Systemax history FAQs
Zippia gives an in-depth look into the details of Systemax, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Systemax. The employee data is based on information from people who have self-reported their past or current employments at Systemax. 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 Systemax. The data presented on this page does not represent the view of Systemax and its employees or that of Zippia.
Systemax may also be known as or be related to SYSTEMAX INC, Systemax, Systemax Inc and Systemax Inc.