Tech Data History
Tech Data History
Tech Data Corporation is one of the world's largest wholesale distributors of technology products, services and solutions. Its advanced logistics capabilities and value-added services enable 120,000 resellers in more than 100 countries to efficiently and cost-effectively support the diverse technology needs of end users.
Here is a look at some of the milestones that have shaped our company's history:
1974 — Tech Data is founded by Edward C. Raymund, marketing data processing supplies directly to end users of mini and mainframe computers.
1981 — Steven A. Raymund, Edward's son, joins Tech Data, which had evolved into a reseller of small computer supplies such as printer ribbons, cables, and diskettes. The company employed approximately a dozen people, operating out of a small office/warehouse building not far from Tech Data's current headquarters in Clearwater, Florida.
1983 — Tech Data begins to transition from reseller to full-line national distributor of personal computer products. Annual sales top $2 million as the PC marketplace is still in its infancy.
1983 — First to promote floor planning/leasing in the IT channel
1984 — Steven A. Raymund becomes Chief Operating Officer of Tech Data
1985 — Establishes a credit group and third-party financing.
1986 — Steven A. Raymund succeeds his father as Chief Executive Officer.
1986 — Initial public stock offering on NASDAQ (ticker symbol: TECD).
1989 — Expands into Canada, the company's first expansion outside of the U.S., through the acquisition of Canadian distributor ParityPlus.
1991 — Publishes first online catalog, Tech Data Online.
1991 — Steven A. Raymund becomes Chairman of the Board of Directors.
1991 — Recognized by FORTUNE magazine as one of America's fastest growing companies.
1992 — Adds software and operating systems to line card, including Microsoft products.
1993 — Opens export division in Miami to begin serving Latin America.
1993 — Surpasses $1 billion in annual sales.
1994 — Expands operations to Europe through acquisition of Paris-based Softmart International, S.A., France's largest distributor of personal computer products.
1995 — Debuts on the FORTUNE 500, ranking 464th.
1995 — Implements private label delivery (PLD) on its products, first to implement online access for product searching and order inquiry.
1997 — Opens its first distribution center in Latin America. Located in Sao Paulo, Brazil, the facility provides select products to all of Brazil, the region's largest market for PC technology.
1997 — The Raymund Center headquarters office opens in Clearwater, Florida.
1998 — First Electronic Software Distribution (ESD) initiative, and first factory-direct services in company's history.
1998 — Acquires Munich-based Computer 2000 AG, Europe's leading provider of IT products to resellers, expanding presence to over 30 countries worldwide.
1999 — Acquires Globelle Canada, a leading mass storage and components distributor, more than doubling its size in the Canadian market.
1999 — Establishes TechSelect, the IT channel's premier SMB reseller community.
2000 — Surpasses $5 billion in online sales.
2003 — Acquires UK-based Azlan Group PLC, a leading publicly-held European distributor of networking and communications products, strengthening its European presence.
2005 — FORTUNE places Tech Data atop its Hall of Fame, citing "Tech Data has risen faster on the FORTUNE 500 than any other company." Ranking 110th in 2005, Tech Data ascended 354 places on the FORTUNE 500 since 1995.
2005 — Opens facility in Mexico.
2005 — Surpasses $20 billion in sales.
2006 — Robert M. Dutkowsky named Chief Executive Officer. Dutkowsky quickly positions the company to capitalize on new growth opportunities with an emphasis on three strategic areas: execution, diversification, and innovation.
2006 — Completes implementation of pan-European ERP system to optimize logistical capabilities.
2007 — Launches Advanced Infrastructure Solutions (AIS) division in the U.S. with mission of targeting and accelerating the company's entry into fast-growing markets, including virtualization, blade servers, storage, software, and other utility solutions.
2007 — Forms joint venture (JV) with Brightstar Corp. to create pan-European organization Brightstar Europe Limited, designed to capitalize on the fast-growing mobile and wireless market in Europe.
2007 — Acquires assets of Actebis AG Switzerland.
2007 — Opens SMB sales operations center in Costa Rica.
2008 — Adds VMware to its Advanced Infrastructure Solutions (AIS) portfolio in the U.S. Just 18 months later, Tech Data becomes VMware's number-one distributor.
2008 — Acquires Nordics-based IT distributor Scribona, making Tech Data the region's market leader.
2009 — Tech Data ranks No. 102 on FORTUNE 500.
2009 — Enters the German mobile handset market with the opening of Brightstar Europe office; JV ships one millionth handset.
2010 — Brightstar Europe mobility JV adds product lines in Germany, UK, and Spain; expands operations into France and Benelux.
2010 — Acquires Netherlands-based Triade Holding B.V., accelerating the company's European consumer technology and mobility businesses.
2011 — Celebrates 25th year as a public company with then-record sales of more than $24 billion, record net income, and record earnings per share.
2011 — Introduces TDCloud and TDCloud Academy, enabling resellers to profit from cloud-based revenue streams by providing industry-proven solutions, services, support and training.
2011 — Introduces the StreamOne Software License Selector, enabling resellers to sell and distribute software by helping them easily manage the selection and licensing process. The Software License Selector earned Tech Data a #92 ranking on the InformationWeek 500, which annually ranks the top innovations in IT.
2011 — Introduces accessTD mobile platform, enabling U.S. resellers to access Tech Data's inventory of products at any time from their mobile devices.
2011 — Acquires $315 million of company stock, the highest level of share repurchases in any one year in the company's history.
2011 — Ceases in-country operations in Brazil and Colombia.
2012 — Launches the Solutions Store in the U.S., the channel's first application storefront that gives independent software vendors (ISVs) a platform to reach more customers and enables resellers to offer a wide array of software solutions and cloud services in a simple, automated fashion. The Solutions Store earns Tech Data a No. 40 ranking on the 2012 InformationWeek 500.
2012 — Introduces TDMobility, a U.S. joint venture with Brightstar Corp. that simplifies the selling, delivery, and support of mobile services for resellers serving SMB customers. TDMobility brings to market the industry's first end-to-end platform across multiple wireless carriers.
2012 — Issues first public debt offering in the company's history.
2012 — Acquires full ownership of Brightstar's 50% ownership in the Brightstar Europe Limited (BEL) joint venture and renames it Tech Data Mobile.
2012 — Acquires several distribution companies of Specialist Distribution Group (SDG), a leading distributor of enterprise and broadline IT products in the UK, France, and the Netherlands, making Tech Data the leading distributor of both value and broadline IT products in Europe.
2013 — Expands relationship with IBM to offer IBM's full portfolio of products and services in the U.S., including Power Systems and enterprise-class storage.
2013 — Refreshes the Solutions Center at the company's headquarters in Clearwater, Florida. The Solutions Center is now a 6,000+ square-foot IT solutions lab featuring more than $6 million in IT products, including the Systems & Peripherals IT Experience, the BYOD Technology Center, an updated Medical Pavilion, and TDCloud demos. Featured vendor partners include Brocade, Cisco, EMC, HP, IBM, LifeSize, McAfee, Microsoft, Oracle, Symantec and VMware.
2013 — Acquires full ownership of Brightstar's 50% ownership in TDMobility.
Tech Data continues to grow throughout the world. With annual sales of more than $25 billion and Tech Data's family of employees growing to more than 9,000 worldwide, Tech Data's future is more exciting than ever.