Company Beginnings Story
Throughout its history, Ingram Micro Inc. has matched its expertise in identifying the markets and technologies that shape the IT industry with its global distribution and logistics capabilities, demonstrating unparalleled leadership within the information and communications technology (ICT) marketplace.
A Look Back at the Early Days
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. 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. 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.
Ingram Micro Goes Global
With its success apparent in the United States, the company expanded the reach of its products and services to global markets. By 1993, Ingram Micro offered its solutions throughout every major region in the world via a series of strategic acquisitions and export operations. This aggressive strategy positioned Ingram Micro Inc. as the world's largest distributor in 1998, a position still held today.
Key Financial Milestones
1980 In its first full year of business, Micro D achieved approximately $3.5 million in sales.
1989 Ingram Micro became the first broad-based IT distributor to reach $1 billion in worldwide sales.
1991 Achieved more than $10 million in sales in one-day, as part of its “$2 Billion Bound” campaign.
1996 Earned annual revenues of $12.02B.
2013 Reached its highest level in annual revenues worldwide at $42.6 billion.