CompuCom Systems

Last updated
CompuCom Systems Inc.
IndustryInformation Technology Services
PredecessorSafeguard Scientifics

Tri-Star Data Systems

Office Automation
Founded1987
Headquarters
Indian Land, South Carolina
Area served
North America
Key people
Jvalin Patel, President
ServicesEnd-to-end managed services, technology, and consulting to enable the digital workplace for enterprise, midsize and small businesses.
OwnerVariant Equity Advisors
Number of employees
8,000
Parent The ODP Corporation (2017–2021)
Website https://www.compucom.com

CompuCom Systems Inc. is a technology managed services provider and product reseller headquartered in Fort Mill, South Carolina. It is a wholly owned subsidiary of Variant Equity Advisors. [1] [2] In business since 1987, CompuCom provides Managed Workplace Services including IT solutions and hardware, integration and support services and has partnerships within the technology space such as HP, IBM, Cisco, Dell, Apple, Inc, Jamf Pro, AirWatch. [3]

Corporate history

CompuCom was formed in 1987 by Safeguard Scientifics, a venture capital company. It was started when predecessor Machine Vision International acquired two computer-focused technology companies, Tri-Star Data Systems and Office Automation, under the umbrella of Safeguard Scientifics, which named the merged company CompuCom. [4]

Under the majority ownership of Safeguard Scientifics, CompuCom became a public company in 1987. Also that year, it acquired the CompuShop retail store chain from Bell Atlantic, and moved into its Dallas headquarters. James W. Dixon, president of CompuShop was appointed CEO of CompuCom and served from 1987 to 1996 and became chairman of the board on leaving [5] [6]

Safeguard Scientifics held majority ownership of CompuCom until 2004, building it into a company with $1.5 billion in annual revenues.

In December 2000, CompuCom purchased the assets of MicroAge Technology Services, one of the largest divisions of bankrupt parent company MicroAge. This included all of MicroAge's remaining service network of locations.

In 2004, Safeguard sold CompuCom to Platinum Equity, a private equity investment firm for $128 million, and appointed Dixon as CEO. [7] [6] CompuCom acquired GE Capital Information Technology Solutions (GE ITS), to expand its services portfolio. [8] CompuCom then became partners and resellers of Jamf Pro, VMware.

In 2007, Platinum Equity sold CompuCom to Court Square Capital Partners, a private equity firm.

In 2008, CompuCom acquired the U.S. division of Getronics [9] and in 2009, joined with Getronics and other IT services providers to form the Getronics Workspace Alliance. [10]

In 2013, CompuCom was sold to Thomas H. Lee Partners, also a private equity firm. [11] [12]

In 2015, Dixon retired as CEO, and was replaced by Dan Stone in 2016. [13] [14] [15]

In 2016, the company moved its headquarters from Dallas to Plano, Texas. [16] [17]

In 2017, CompuCom was sold to Office Depot and moved its headquarters to Indian Land, South Carolina. [18] [19]

in 2021, CompuCom was sold to Variant Equity Advisors LLC for $305 million, [1] [2] with Kevin Shank named as president in December 2022.

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References

  1. 1 2 "Office Depot Sells CompuCom In $305M Deal". 2022-01-03.
  2. 1 2 "The ODP Corporation Announces Sale of Its CompuCom Subsidiary". BusinessWire. 2021-12-31.
  3. ↑ "To Grow or Die: Evaluating the Office Depot Acquisition of CompuCom - Big Change Advisors". Big Change Advisors. 2017-11-06. Retrieved 2018-06-22.
  4. ↑ "CompuCom Systems, Inc. - Company Profile, Information, Business Description, History, Background Information on CompuCom Systems, Inc". www.referenceforbusiness.com. Retrieved 2018-06-04.
  5. ↑ "James W. Dixon: Executive Profile & Biography - Bloomberg". www.bloomberg.com. Retrieved 2018-06-04.
  6. 1 2 Press release. "Platinum Equity Appoints James W. Dixon as President and CEO of CompuCom Systems Inc.; Senior Executive Who Helped Build Company Returns to Lead It Once Again". www.businesswire.com. Retrieved 2018-06-22.
  7. ↑ Press release. "Safeguard Scientifics, Inc. Agrees to Sell Its Interest in CompuCom Systems, Inc". www.businesswire.com. Retrieved 2018-06-22.
  8. ↑ Press release. "Platinum Equity Completes Acquisition of GE IT Solutions; Former General Electric Unit Will Be Integrated With CompuCom Systems, Inc". www.businesswire.com. Retrieved 2018-06-22.
  9. ↑ "CompuCom acquires Getronics' North American operations". Computer Dealer News. Retrieved 2018-06-22.
  10. ↑ "Getronics and partners launch global workspace alliance". www.telecompaper.com. Retrieved 2018-06-22.
  11. ↑ "THL to buy IT services company CompuCom for $1.1 billion". Fortune. Retrieved 2018-06-04.
  12. ↑ "Office Depot Takes First Step in Strategic Transformation to Become Business Services Platform with Acquisition of CompuCom | Office Depot Online Newsroom". news.officedepot.com. Archived from the original on 2018-05-12. Retrieved 2018-06-04.
  13. ↑ "CompuCom Shakes Up C-Suite with New Chief Executive, End User Enablement Boss, CIO". Channel Futures. 2015-02-08. Retrieved 2018-06-22.
  14. ↑ Press release. "CompuCom Names Dan Stone as Chief Executive Officer". www.businesswire.com. Retrieved 2018-06-04.
  15. ↑ Pounds, Marcia Heroux. "Top executive at Office Depot's CompuCom resigns". Sun-Sentinel.com. Retrieved 2018-06-04.
  16. ↑ "developer-myers-crow-sells-two-new-office". www.bizjournals.com. Retrieved 2018-06-22.
  17. ↑ "CompuCom opens new HQ | OPI - Office Products International". www.opi.net. Retrieved 2018-06-22.[ permanent dead link ]
  18. ↑ "Office Depot, Inc. Announces Completion of CompuCom Acquisition and Transformation Towards a Services-Driven Company in Conjunction with Third Quarter 2017 Results | Office Depot Online Newsroom". news.officedepot.com. Archived from the original on 2018-07-24. Retrieved 2018-06-04.
  19. ↑ "IT firm moving 1,500 jobs to Indian Land, south of Charlotte". charlotteobserver. Retrieved 2018-06-04.
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