Ingram Micro

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Ingram Micro Inc.
subsidiary
IndustryInformation Technology
Founded1979
HeadquartersIrvine, CA
Key people
Alain Monié, CEO
Gina Mastantuono, CFO
Productslifecycle services, software, services, technology services, cloud
RevenueIncrease US$ 43.026 billion (2015)
Increase US$ 215 million(2015)
OwnerHNA Technology
Number of employees
33,000
ParentHNA Technology
SubsidiariesAPTEC - An Ingram Micro Company
Websitewww.ingrammicro.com/ Edit this on Wikidata

Ingram Micro is an American distributor of information technology products. The company ranked 64th in the 2016 Fortune 500.

In December 2016, Tianhai Investment (now known as HNA Technology), an associate company of HNA Group, acquired Ingram Micro in an all-cash transaction with an equity value of approximately $6 billion.[citation needed]

History[edit]

Softeurop logo 1989

Ingram Micro's origins trace back to the founding of distributor Micro D, Inc. in July 1979 by husband and wife team, Geza Czige and Lorraine Mecca, who were both teachers. The company started in Southern California and in its first year of business achieved approximately $3.5 million in sales. [1] It rapidly expanded nationwide and held its public offering in 1983. Ingram Industries became a majority stockholder of Micro D in February 1986 when it acquired all of the common stock held by the company's founders, followed by the purchase of the remaining Micro D shares in March 1989.

Meanwhile in 1982, just three years after the founding of Micro D, entrepreneurs Ronald Schreiber, Irwin Schreiber, Gerald Lippes and Paul Willax founded Software Distribution Services in Buffalo, N.Y. Ingram Distribution Group, a unit of the privately held Ingram Industries, acquired Software Distribution Services in the spring of 1985 and renamed it Ingram Software. Ingram Software expanded in December 1985 with the purchase of Softeam, a Compton, Calif.-based distributor. The operation was renamed Ingram Computer in February 1988.

After acquiring the remaining publicly traded shares of Micro D in 1989, Ingram Industries merged these two former competitors to create the microcomputer industry's first $1 billion computer products wholesale distribution company, renaming it Ingram Micro D [2]. The new company established headquarters in Santa Ana, Calif., and retained an East Coast operations center for sales, credit, technical support and customer service in Buffalo, N.Y. The “D” was dropped from the company's name in January 1991, creating Ingram Micro.

In 1996, 17 years after the founding of Micro D, Ingram Micro once again became a public company, listing its shares on the New York Stock Exchange (NYSE). That year, the company’s revenues totaled more than $12 billion.In 1989 Ingram Micro, then called "Ingram Micro-D", was a subsidiary of the privately owned Ingram Industries group, took over the Belgian Softinvest and its three Softeurop subsidiaries active on the Belgian, the French and the Dutch markets from Brussels, Lille and Utrecht. This was Ingram's first foray outside the United States other than a few Ingram Industries subsidiaries. The company embarked on an active merge, acquisitions and foundation strategy in the European market.[citation needed]

In August 1993, Ingram Micro Belgium acquired Zaventem Electronic Dealer Distribution (Zedd) and much of its assets, including the right to distribute Hewlett Packard products.[citation needed]

In July 2005 Ingram Micro purchased AVAD, LLC, a wholesale distributor for home automation and A/V gear.[3] It sold this subsidiary in July 2016.[4]

The Shared Services Center in Manila, Philippines, began operations in May 2009.

Ingram Micro built a presence in areas adjacent to its traditional distribution business, including enterprise computing, automatic identification and data capture (AIDC); point-of-sale (POS); managed, professional and warranty maintenance services; mobility; physical security; and consumer electronics.[citation needed]

Other ventures in 2014 included entry into cloud computing, or software-, platform- and infrastructure-as-a-service.[5]

In June 2014, Ingram Micro changed their logo and introduced a new tagline: "Ingram Micro helps businesses realize the promise of technology".[6]

In December 2015, Ingram Micro acquired Odin Service Automation platform from Parallels [7] for $163.9 mln.[8]

In February 2016, Ingram Micro announced its agreement to be acquired by the Chinese company Tianjin Tianhai Investment, an associate company of mega-conglomerate HNA Group, for $6 billion; upon completion, Ingram Micro would become part of Tianjin Tianhai Investment and therefore a subsidiary of HNA Group.[9] It was reported at the time that Alain Monié, Ingram's chief executive, would remain in place.[10] Bharat Bhisé, indirect minority owner of HNA Group at that time, as well as HNA Group director Tan Xiangdong, were also elected into the 7-men board directors of Ingram Micro.[10] The transaction reportedly made Ingram the biggest revenue generator for HNA Group. The strategic reason for the transaction was to better reach "business opportunities in emerging markets, which have higher growth rates and better profitability." HNA Group's logistics and its presence in China was intended to help Ingram's growth.[11] The acquisition was completed in December 2016.[12]

In October 2017, Ingram Micro partnered with DocuSign.[13]

In December 2017, Ingram Micro acquired Cloud Harmonics, expanding its cyber security capabilities. [14]

In May 2018, Ingram Micro formed CloudBlue. [15]

Notable employees[edit]

Former U.S. Congressman Chris Lee once worked at Ingram Micro.[16]

Bülent Ural, who currently works as a sales consultant for Ingram Micro's German branch, was a member of the German-Turkish musical group Sürpriz, which represented Germany in the Eurovision Song Contest in 1999.[17]

References[edit]

  1. ^ "Company Beginnings Story".
  2. ^ "Company Beginnings Story".
  3. ^ "Ingram Micro buys AVAD assets". www.bizjournals.com. Retrieved 2017-02-23.
  4. ^ Jacobson, Julie. "AVAD Acquired by Private Equity Firm; Former Klipsch/Harman Execs to Lead the Co". www.cepro.com. Retrieved 2017-02-23.
  5. ^ Spring, Tom. "Ingram Micro Ups Cloud Ante: Adds Partnerships, Channel Enhancements, Hosted Services". CRN. Retrieved 28 April 2014.
  6. ^ "New Logo for Ingram Micro". ocbj.com. 2014-06-23. Retrieved 2016-02-18.
  7. ^ "Ingram Micro Completes Acquisition of Odin Service Automation Platform and Associated Technologies, Solidifying Leadership Position in the Cloud". prnewswire.com. 2015-12-21. Retrieved 2016-08-02.
  8. ^ "Ingram Micro Annual 10K report for the fiscal year ending Jan 2, 2016; Note 4 — Acquisitions, Goodwill and Intangible Assets". sec.gov. 2016-02-25. Retrieved 2016-08-02.
  9. ^ "Ingram Micro Enters Into Agreement to be Acquired by Tianjin Tianhai to Become a Part of HNA Group". February 17, 2016. Retrieved November 17, 2017.
  10. ^ a b "天津天海投资发展股份有限公司重大资产购买暨关联交易实施情况报告书" (PDF) (Press release) (in Chinese). GF Securities c/o Tianhai Investment. 12 December 2016. p. 11 – via Shanghai Stock Exchange.
  11. ^ "Ingram Micro Sold to Chinese Company for $6 Billion". NYTimes.com. 2016-02-18. Retrieved 2016-02-18.
  12. ^ "Ingram Micro and HNA Group Announce Completion of Acquisition". Business Wire. December 6, 2016. Retrieved November 17, 2017.
  13. ^ "Ingram Micro's DocuSign deal gets cloud treatment in Australia". ARN. Retrieved 2017-10-18.
  14. ^ "Ingram Micro Expands Cybersecurity Capabilities with Acquisition of Cloud Harmonics".
  15. ^ "Ingram Micro Announces the Formation of CloudBlue, a New Cloud Platform Division".
  16. ^ "Chris Lee admits to 'mistake' that led to firing frorm (sic) job in 1989". thebatavian.com. 2008-11-01. Retrieved 2016-02-18.
  17. ^ Ingram Micro DE Ansprechpartner