PC Connection

Last updated
PC Connection, Inc.
Company type Public
Nasdaq:  CNXN
S&P 600 Component
Russell 2000 Component
Founded1982
Headquarters
Merrimack, New Hampshire
,
USA
Key people
 Patricia Gallup (Co-founder, Chairman)
Timothy McGrath (President and CEO)
Thomas C. Baker (Senior Vice President, Chief Financial Officer, and Treasurer)
Products Notebooks/Mobility, Software, Servers/Storage, Net/Com Product, Other Hardware/Services
RevenueIncrease2.svg$3.2 billion USD (2022)
Number of employees
2,600+
Website Official website OOjs UI icon edit-ltr-progressive.svg

PC Connection, doing business as Connection, is headquartered in Merrimack, New Hampshire. It has more than 2,600 employees [1] and sells more than 460,000 products. [2]

Contents

Founded in 1982, Connection has grown to include IT services to SMB, enterprise, and public sector markets. [3]

History

PC Connection, Inc. was founded in 1982 by Patricia Gallup and David Hall. The co-founders met while serving as a support crew to hikers on the Appalachian Trail. [4]

The company's first headquarters occupied a former woodworking mill in Marlow, NH [4] population 542 at the time. To launch their business, Gallup and Hall used Gallup's savings of $8,000 to purchase inventory and take out a 1/9th-page ad in Byte magazine. [5] In 1984, they started selling Macintosh products under the MacConnection brand.

In 1987, PC Connection was named to the Inc. 500 as the second fastest growing company in the United States. [6]

In March 1998, the company completed its initial public offering on the NASDAQ exchange under the symbol PCCC. [7]

In September 2016, the company announced a corporate rebranding. The "Connection" brand unites all subsidiaries (PC Connection, MacConnection, GovConnection, MoreDirect, and Softmart) under one brand name. NASDAQ stock ticker changes from PCCC to CNXN. [8]

Locations

In addition to its corporate headquarters in Merrimack, PC Connection, Inc. has sales and support offices in Keene, New Hampshire; Rockville, Maryland; Dakota Dunes, South Dakota; Boca Raton, Florida; Schaumburg, IL; and Exton, Pennsylvania. [9] The company operates a 268,000-square-foot distribution and fulfillment complex, equipped with a technical configuration lab in Wilmington, Ohio. [10]

Acquisitions

In 1999, Connection purchased ComTeq Federal, a Maryland-based company serving the computing needs of federal government agencies, including the Navy, Federal Deposit Insurance Corp, the National Security Agency, and Internal Revenue Service. [11] Renamed GovConnection, Inc., the subsidiary serves all government and education customers.

In January 2000, Connection announced the agreement to acquire Merisel Inc. [12]

In 2002, Connection acquired MoreDirect, a Florida-based company specializing in Web-based eProcurement. [13]

In 2005, Connection purchased the business and selected assets of Amherst Technologies, Inc., a New Hampshire-based IT provider. [14]

In 2011, Connection acquired ValCom Technologies, a technology services company in the Chicago metropolitan area. [15]

In 2016, Connection acquired Softmart, a supplier of hardware and software. [16]

In 2016, Connection acquired GlobalServe, a global reseller.

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References

  1. ↑ "PC Connection: New "Connection" Brand Advances 35-Year History of Innovation)". 4-traders . Retrieved September 8, 2016.
  2. ↑ "Profile: PC Connection Inc". Reuters. Archived from the original on June 10, 2015. Retrieved November 15, 2013.
  3. ↑ "PC Connection: New "Connection" Brand Advances 35-Year History of Innovation)". Yahoo Finance . Retrieved September 8, 2016.
  4. 1 2 You, Me, and All Those Others Just Like Us, Starting a Business Article | Inc.com
  5. ↑ [New Hampshire: First In the Nation] – Powered by PageTurnPro.com
  6. ↑ [New Hampshire: First In the Nation] – Powered by PageTurnPro.com
  7. ↑ Pc Connection Inc (Pccc) Ipo - Nasdaq.Com
  8. ↑ https://thejournal.com/articles/2016/09/08/connection-merges-govconnection-pc-connection-moredirect-softmart-into-single-brand.aspx Connection Merges GovConnection, PC Connection, MoreDirect, Softmart into Single Brand
  9. ↑ "Locations – Connection". Pcconnection.com. Retrieved 2016-09-09.
  10. ↑ "Distribution and Configuration Center – Connection". Pcconnection.com. 2016-06-08. Retrieved 2016-09-09.
  11. ↑ Johnston, Margret (1999-07-11). "PC Connection buys ComTeq Fed". FCW. Retrieved 2016-09-09.
  12. ↑ "PC Connection Acquires Merisel's Call Center". January 4, 2000. Retrieved Nov 20, 2013.
  13. ↑ PC Connection, PC Mall Make Acquisitions. (PC Connection Inc. acquires MoreDirect)(PC Mall Inc. acquires Pacific Business Data Systems Inc.) (Brief Article)
  14. ↑ PC Connection Wins Bidding War For Amherst Technologies
  15. ↑ PC Connection buys ValCom Technology for $11.6M – BusinessWeek
  16. ↑ PC Connection Acquires Softmart – MarketWatch
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