Systemax was founded in 1949 as a materials handler named Global Equipment Company by Michael and Paul Leeds.
In 1972 the company began direct marketing, distributing a mail order catalog under the name Global Industrial Products.
In 1977 annual sales reached $3 million, and in 1987 annual sales reached $100 million.
In 1990 Systemax expanded to Scotland, in 1991 to France, and in 1992 to the U.K., Germany, Italy, Spain, and Canada through the acquisition of MISCO.
In 1995 the company went public on the New York Stock Exchange.
In 2005 sales reached $2 billion.
In 2008 Systemax acquired CompUSA.
In 2009 the company acquired Circuit City.
Today Systemax is a Fortune 1000 company that sells computers, computer supplies, consumer electronics, and industrial products through multiple e-commerce sites and retail stores, as well as through relationship marketing and direct mail catalogs. Systemax has more than 5,000 employees and had $3.68 billion in revenue in 2011.
SystemaxSystemax was founded in 1949 as a materials handler named Global Equipment Company by Michael and Paul Leeds.
In 1972 the company began direct marketing, distributing a mail order catalog under the name Global Industrial Products.
In 1977 annual sales reached $3 million, and in 1987 annual sales reached $100 million.
History
In 1990 Systemax expanded to Scotland, in 1991 to France, and in 1992 to the U.K., Germany, Italy, Spain, and Canada through the acquisition of MISCO.
In 1995 the company went public on the New York Stock Exchange.
In 2005 sales reached $2 billion.
In 2008 Systemax acquired CompUSA.
In 2009 the company acquired Circuit City.
Today Systemax is a Fortune 1000 company that sells computers, computer supplies, consumer electronics, and industrial products through multiple e-commerce sites and retail stores, as well as through relationship marketing and direct mail catalogs. Systemax has more than 5,000 employees and had $3.68 billion in revenue in 2011.