CDW
 | |
| Public | |
| Traded as | NASDAQ: CDW |
| Industry | B2B IT products and services |
| Founded | 1984 by Michael Krasny |
| Headquarters |
Lincolnshire, Illinois, United States |
Key people |
Thomas E. Richards, Chairman & CEO |
| Products | Desktops, servers, laptops, peripherals, software, telephony products, power, storage |
| Revenue |
 US$12.9 billion (2015) [1] |
| Owner | Madison Dearborn Partners Providence Equity Partners |
Number of employees | 8,400+ [2] |
| Website |
www |
CDW Corporation, headquartered in Lincolnshire, Illinois, is a provider of technology products and services for business, government and education. The company has a secondary division known as CDW-G, devoted solely to United States governmental entities, such as K-12 schools, universities, non-profit healthcare organizations, State & Local and the Federal government.
History
CDW was originally incorporated as "MPK Computing" by its founder Michael Krasny. It later became Computer Discount Warehouse and then simply CDW.[3]
In early 2006, CDW opened a 513,000-square-foot (47,700 m2) distribution center in North Las Vegas, Nevada. The Vernon Hills, Illinois distribution center is roughly 450,000 square feet (42,000 m2). In October 2006 CDW acquired Berbee, a top tier reseller of IBM, Cisco, and Microsoft products and services. It was CDW's second major acquisition after purchasing Micro Warehouse in September 2003.
On 12 October 2007, Chicago based private equity firms Madison Dearborn Partners and Providence Equity Partners completed a $7 billion acquisition of CDW.[4] It went public again through an initial public offering on the NASDAQ market on July 2, 2013 under the name CDW Corporation (the parent company since 2010).[3][5] CDW LLC and CDW Finance Corporation are wholly owned subsidiaries.[6]
CDW operates in Canada as CDW Canada Incorporated, based in Etobicoke, Ontario.[7] CDW Canada was recognized by the Great Place to Work Institute as one of the best workplaces in Canada in 2011, ranked 25th in the category of large and multinational companies.[8]
On 3 August 2015 the company announced that it had acquired the remaining 65 percent of Kelway Ltd., a London based multinational business with significant presence in the IT sector. Eight months earlier, CDW had bought a 35 percent stake in Kelway.[9]
Non-profit
CDW Non-Profit, a sector founded in 2007, assists in providing affordable technology tools and services to associations, foundations, governmental departments, religious and social service organizations.[10] The Brookings Institution, Salvation Army, PCAOB, Aids Healthcare Foundation, The Metropolitan Museum of Art and American Heart Association are among some of their clients.[11]
References
- ↑ http://investor.cdw.com/releasedetail.cfm?ReleaseID=953945
- ↑ http://www.aboutcdw.com/
- 1 2 "CDW Corporation and Subsidiaries: Annual Report on Form 10-K, Year Ended December 31, 2014". p. 5.
- ↑ CDW Press Release 05-29-2007. Newsroom.cdw.com. Retrieved on 2014-01-14.
- ↑ CDW raises $395M in scaled-back IPO
- ↑ "CDW Corporation and Subsidiaries: Annual Report on Form 10-K, Year Ended December 31, 2014". p. 65.
- ↑ Other Contacts. Cdw.ca. Retrieved on 2014-01-14.
- ↑ CDW Canada recognized as a Great Place to Work® for third consecutive year - TORONTO, April 20, 2012. Prnewswire.com. Retrieved on 2014-01-14.
- ↑ CDW Press Release August 3, 2015. cdwnewsroom.com Retrieved on 2015-09-16.
- ↑ CDW Nonprofit - Specialized Service and Technology Solutions for Professionals. Cdw.com. Retrieved on 2014-01-14.
- ↑ Archived September 26, 2009, at the Wayback Machine.