PC Connection
 | |
| Company type | Public |
|---|---|
| Nasdaq: CNXN S&P 600 Component Russell 2000 Component | |
| Founded | 1982 |
| Founder | Patricia Gallup |
| Headquarters | , U.S. |
Key people | Patricia Gallup (chairman) Timothy McGrath (president and CEO) Thomas C. Baker (SVP, CFO, and Treasurer) |
| Products | Notebooks/Mobility, Software, Servers/Storage, Net/Com Product, Other Hardware/Services |
| Revenue |  $3.2 billion USD (2022) |
Number of employees | 2,600+ |
| Website | Official website  |
PC Connection, Inc., doing business as Connection, is headquartered in Merrimack, New Hampshire. It has more than 2,600 employees[1] and sells more than 460,000 products.[2]
Founded in 1982, Connection has grown to include IT services to SMB, enterprise, and public sector markets.[3]
History
[edit]PC Connection, Inc. was founded in 1982 by Patricia Gallup and David Hall. The co-founders met while serving as a support crew to hikers on the Appalachian Trail.[4]
The company's first headquarters occupied a former woodworking mill in Marlow, NH[4] population 542 at the time. To launch their business, Gallup and Hall used Gallup's savings of $8,000 to purchase inventory and take out a 1/9th-page ad in Byte magazine.[5] In 1984, they started selling Macintosh products under the MacConnection brand.
In 1987, PC Connection was named to the Inc. 500 as the second fastest growing company in the United States.[6]
In March 1998, the company completed its initial public offering on the NASDAQ exchange under the symbol PCCC.[7]
In September 2016, the company announced a corporate rebranding. The "Connection" brand unites all subsidiaries (PC Connection, MacConnection, GovConnection, MoreDirect, and Softmart) under one brand name. NASDAQ stock ticker changes from PCCC to CNXN.[8]
Locations
[edit]In addition to its corporate headquarters in Merrimack, PC Connection, Inc. has sales and support offices in Keene, New Hampshire; Rockville, Maryland; Dakota Dunes, South Dakota; Boca Raton, Florida; Schaumburg, IL; and Exton, Pennsylvania.[9] The company operates a 268,000-square-foot distribution and fulfillment complex, equipped with a technical configuration lab in Wilmington, Ohio.[10]
Acquisitions
[edit]In 1999, Connection purchased ComTeq Federal, a Maryland-based company serving the computing needs of federal government agencies, including the Navy, Federal Deposit Insurance Corp, the National Security Agency, and Internal Revenue Service.[11] Renamed GovConnection, Inc., the subsidiary serves all government and education customers.
In January 2000, Connection announced the agreement to acquire Merisel Inc.[12]
In 2002, Connection acquired MoreDirect, a Florida-based company specializing in Web-based eProcurement.[13]
In 2005, Connection purchased the business and selected assets of Amherst Technologies, Inc., a New Hampshire-based IT provider.[14]
In 2011, Connection acquired ValCom Technologies, a technology services company in the Chicago metropolitan area.[15]
In 2016, Connection acquired Softmart, a supplier of hardware and software.[16]
In 2016, Connection acquired GlobalServe, a global reseller.
References
[edit]- ^ "PC Connection: New "Connection" Brand Advances 35-Year History of Innovation)". 4-traders. Retrieved September 8, 2016.
- ^ "Profile: PC Connection Inc". Reuters. Archived from the original on June 10, 2015. Retrieved November 15, 2013.
- ^ "PC Connection: New "Connection" Brand Advances 35-Year History of Innovation)". Yahoo Finance. Retrieved September 8, 2016.
- ^ a b You, Me, and All Those Others Just Like Us, Starting a Business Article | Inc.com
- ^ [New Hampshire: First In the Nation] – Powered by PageTurnPro.com
- ^ [New Hampshire: First In the Nation] – Powered by PageTurnPro.com
- ^ Pc Connection Inc (Pccc) Ipo - Nasdaq.Com
- ^ https://thejournal.com/articles/2016/09/08/connection-merges-govconnection-pc-connection-moredirect-softmart-into-single-brand.aspx Connection Merges GovConnection, PC Connection, MoreDirect, Softmart into Single Brand
- ^ "Locations – Connection". Pcconnection.com. Retrieved 2016-09-09.
- ^ "Distribution and Configuration Center – Connection". Pcconnection.com. 2016-06-08. Retrieved 2016-09-09.
- ^ Johnston, Margret (1999-07-11). "PC Connection buys ComTeq Fed". FCW. Retrieved 2016-09-09.
- ^ "PC Connection Acquires Merisel's Call Center". January 4, 2000. Retrieved Nov 20, 2013.
- ^ PC Connection, PC Mall Make Acquisitions. (PC Connection Inc. acquires MoreDirect)(PC Mall Inc. acquires Pacific Business Data Systems Inc.) (Brief Article)
- ^ PC Connection Wins Bidding War For Amherst Technologies
- ^ PC Connection buys ValCom Technology for $11.6M – BusinessWeek
- ^ PC Connection Acquires Softmart – MarketWatch