PC Connection

PC Connection, doing business as Connection, is a Fortune 1000,[1] National Technology Solutions Provider, headquartered in Merrimack, New Hampshire. It has more than 2,500 employees[2] and sells more than 300,000 products.[3]

PC Connection, Inc.
Public
Traded asNASDAQ: CNXN
S&P 600 Component
Russell 2000 Component
IndustryNational Technology Solutions Provider
Founded1982
Headquarters
Merrimack, New Hampshire
,
USA
Key people
Patricia Gallup (Co-founder, Chairman)
Timothy McGrath (President and CEO)
Stephen P. Sarno (Senior Vice President, Chief Financial Officer, and Treasurer)
ProductsNotebooks/Mobility, Software, Servers/Storage, Net/Com Product, Other Hardware/Services
Revenue$2.9 billion USD (2017)
Number of employees
2,500+
Websitewww.connection.com

The Connection brand includes Connection Business Solutions, Connection MoreDirect Enterprise Solutions, and Connection GovConnection Public Sector Solutions, which provide IT solutions and services for small- to medium-sized businesses, enterprises, and public sector markets, respectively.[4]

History

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.[5]

The company's first headquarters occupied a former woodworking mill in Marlow, NH.[5] 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.[6] 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.[7]

In March 1998, the company completed its Initial Public Offering on the NASDAQ exchange under the symbol PCCC.[8]

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.[9]

Locations

In addition to its corporate headquarters in Merrimack, PC Connection, Inc. has sales and support offices in Keene and Portsmouth, New Hampshire; Marlborough, Massachusetts; Rockville, Maryland; Dakota Dunes, South Dakota; Boca Raton, Florida; Shelton, Connecticut; Exton, Pennsylvania, and Schaumburg, Illinois.[10] The company operates a 268,000-square-foot distribution and fulfillment complex, equipped with an ISO 9001 certified technical configuration lab in Wilmington, Ohio.[11]

Acquisitions

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.[12] Renamed GovConnection, Inc., the subsidiary serves all government and education customers.

In January 2000, Connection announced the agreement to acquire Merisel Inc. in alliance with its initiative to add infrastructure.[13]

In 2002, Connection acquired MoreDirect, a Florida-based IT solutions provider specializing in Web-based eProcurement.[14]

In 2005, Connection purchased the business and selected assets of Amherst Technologies, Inc., a New Hampshire-based IT provider.[15]

In 2011, Connection acquired ValCom Technologies, a technology services company in the Chicago metropolitan area.[16]

In 2016, Connection acquired Softmart, a Microsoft Licensing Solution Provider (LSP) and global supplier of hardware and software technology, tools, and service solutions.[17]

In 2016, Connection acquired GlobalServe, a global reseller aggregator that provides contract-bound procurement options across most areas of the world.

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References
  1. "Fortune 500 2015: 825. Connection". Forbes.
  2. "PC Connection: New "Connection" Brand Advances 35-Year History of Innovation)". 4-traders. Retrieved September 8, 2016.
  3. "Profile: PC Connection Inc". Reuters. Retrieved November 15, 2013.
  4. "PC Connection: New "Connection" Brand Advances 35-Year History of Innovation)". Yahoo Finance. Retrieved September 8, 2016.
  5. You, Me, and All Those Others Just Like Us, Starting a Business Article | Inc.com
  6. [New Hampshire: First In the Nation] - Powered by PageTurnPro.com
  7. [New Hampshire: First In the Nation] - Powered by PageTurnPro.com
  8. Pc Connection Inc (Pccc) Ipo - Nasdaq.Com
  9. 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
  10. "Locations - Connection". Pcconnection.com. Retrieved 2016-09-09.
  11. "Distribution and Configuration Center - Connection". Pcconnection.com. 2016-06-08. Retrieved 2016-09-09.
  12. Johnston, Margret (1999-07-11). "PC Connection buys ComTeq Fed". FCW. Retrieved 2016-09-09.
  13. "PC Connection Acquires Merisel's Call Center". January 4, 2000. Retrieved Nov 20, 2013.
  14. PC Connection, PC Mall Make Acquisitions.(PC Connection Inc. acquires MoreDirect)(PC Mall Inc. acquires Pacific Business Data Systems Inc.)(Brief Article) | HighBeam Business:...
  15. PC Connection Wins Bidding War For Amherst Technologies
  16. PC Connection buys ValCom Technology for $11.6M - BusinessWeek
  17. PC Connection Acquires Softmart - MarketWatch
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