Acer was founded in 1976 by Stanley and Carolyn Shih in Hsinchu City, Taiwan. The original name of the company was Mutlitech International. The company started with only $25,000 US dollars and 11 employees. Today, this international company had annual revenue in 2014 of $10.52 billion.
Acer makes a variety of computers and hardware, including laptops, notebooks, desktops, computer components, such as motherboards and RAM, as well as monitors, televisions, servers, projectors, and storage solutions. Business workstations offer support for a wide range of professional applications. The company sells their products in retail locations, as well as direct online sales.
In July 2011, Acer Inc. bought iGware Inc. for $320 million to try to enter the potentially lucrative cloud market.
In September of 2015, the company acquired both GPS cycling computer brand Xplova, as well as the robotics startup company Jibo. The company is listed as the 6th largest computer vendor in the world in 2015.
Acer America opened their headquarters in Mountain View, California, in 1985 with a staff of 3. It has since moved to San Jose, California, in 1990. The company has repair facilities and a call center in Richardson, Texas.
The company currently has more than 7,000 employees worldwide, operates in 70 countries, and has approximately 95,000 retail locations spread in more than 160 countries.