- Systemax
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Systemax, Inc. 
Type Public [1] Traded as NYSE: SYX Industry Computer hardware Founded 1949 Headquarters Port Washington, New York, USA Key people Richard Leeds, CEO
Larry Reinhold, CFORevenue 
2.78 billion USD (2007)Website www.systemax.com 
A Systemax Venture PC
Systemax, Inc. (NYSE: SYX) is a Fortune 1000 company based in Port Washington, New York that sells personal computers, computer supplies, consumer electronics and industrial products through multiple e-Commerce web sites and retail stores, as well as through relationship marketers and direct mail catalogs that are circulated in North America and Europe.[2] It also operates ComputerTV, an online video channel, and manufactures and sells computers and accessories under the Systemax and Ultra brands.[3]
The company was founded in 1949 as Global Equipment Company, a materials handler. It first entered direct marketing in 1972 and began marketing computer equipment in 1981. It changed its name to Global Directmail in 1995 and to Systemax in 1999.
Contents
Subsidiaries and Divisions
Subsidiaries and divisions of Systemax, Inc. include SystemaxPC, Tiger Direct, CompUSA, CircuitCity.com, Global Industrial, Nexel, Misco, Infotel, Global Computer Supplies, SpeedGifter and Worldwide Rebates.[4]
CompUSA acquisition
On January 6, 2008, Systemax Inc. announced an agreement on the acquisition of the Miami-based CompUSA brand, trademarks and e-commerce business, and as many as 16 CompUSA retail outlets in Florida, Texas and Puerto Rico.[5]
Acquisition of Circuit City trademarks and website
On May 13, 2009, Circuit City announced it had closed a deal with Systemax allowing them to acquire the intellectual property of Circuit City, including its trademarks, brand name, and internet domain, for $14 million.[6] The deal took effect six days later, and the first store under Systemax (currently using the CompUSA brand) opened in November 2009. The Circuit City website was restored with the Systemax purchase.
See also
References
- ^ Systemax - Stockholder Info
- ^ [1]
- ^ [2]
- ^ Systemax - Subsidiaries and Divisions
- ^ "Systemax Announces Definitive Agreement to Acquire Selected Assets and Retail Stores from CompUSA". Systemax. 6 January 2008. http://news.compusa.com/press-releases/systemax-announces-definitive-agreement-to-acquire-selected-assets-and-retail-stores-from-compusa/. Retrieved 16 December 2009.
- ^ "Firm buys defunct Circuit City’s brand, domain names"
External links
Categories:- Companies listed on the New York Stock Exchange
- Retail companies established in 1949
- Companies based in Nassau County, New York
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