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World Wide Technology
World Wide Technology, Inc. (WWT) is a privately-held technology services provider based in St. Louis, Missouri. The company has an annual revenue of $14.5 billion (the 27th largest private company in the US and the biggest black-owned company in the US) and employs over 8,000 people. WWT works in the areas of cloud computing, computer security, data centers, data analytics and artificial intelligence, computer networks, application software development, cell phone carrier networking, and consulting services. History World Wide Technology was founded by David Steward and Jim Kavanaugh in July 1990 as a reseller of technology equipment. In 1994, WWT entered into a partnership with Cisco Systems to resell hardware and software. WWT also established partnerships with technology companies including Dell, Hewlett Packard Enterprise, Intel, Microsoft, NetApp, F5, Tanium and VMware. WWT opened its first warehouse in 1996 and operates more than 20 facilities with two million square ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jim Kavanaugh
James P. "Jim" Kavanaugh (born 1963) is an American businessman. He is known as the CEO and co-founder of World Wide Technology. Early life Kavanaugh received his Bachelor of Science in business administration from Saint Louis University in 1986. Sports Kavanaugh played soccer at Saint Louis University. In 1983, he was selected as Missouri amateur player of the year and competed for the United States in the 1983 Pan American Games. In 1986, Kavanaugh was drafted to the Los Angeles Lazers, a Major Indoor Soccer League team, as the second overall pick. After a short stint in the league, Kavanaugh turned to business. Kavanaugh became the president of the board at St. Louis Scott Gallagher Soccer Club and Saint Louis FC board in 2012. He is a co-owner of the St. Louis Blues hockey team and St. Louis City SC. Career Kavanaugh worked as a sales manager for Future Electronics Future Electronics Inc. is a distributor of electronic and electro-mechanical components headquarte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
David Steward
David L. Steward (born July 2, 1951) is an American billionaire businessman. He is chairman and founder of World Wide Technology, one of the largest African-American-owned businesses in America. According to ''Forbes'', in 2019 Steward was one of 13 black billionaires worldwide. He was ranked 239th on the Forbes 400 list of American billionaires in 2019. Early life Steward was born in Chicago, Illinois, the son of Dorothy Elizabeth Massingale (1928 - present), a homemaker, and Harold Lloyd Steward (1925-1999), a mechanic. In 1953, the family moved to Clinton, Missouri. As a child growing up in Clinton, Steward faced poverty and discrimination. "I vividly remember segregation—separate schools, sitting in the balcony at the movie theater, being barred from the public swimming pool," notes Steward, who was among a small group of African-American high-school students who integrated the public swimming pool in Clinton in 1967. Steward received his BS degree in business from ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Early 2000s Recession
The early 2000s recession was a decline in economic activity which mainly occurred in developed countries. The recession affected the European Union during 2000 and 2001 and the United States from March to November 2001. The UK, Canada and Australia avoided the recession, while Russia, a nation that did not experience prosperity during the 1990s, in fact began to recover from said situation. Japan's 1990s recession continued. This recession was predicted by economists, because the boom of the 1990s (accompanied by both low inflation and low unemployment) slowed in some parts of East Asia during the 1997 Asian financial crisis. The recession in industrialized countries was not as significant as either of the two previous worldwide recessions. Some economists in the United States object to characterizing it as a recession since there were no two consecutive quarters of negative growth. United States After the relatively mild 1990 recession ended in early 1991, the country ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dot-com Bubble
The dot-com bubble (dot-com boom, tech bubble, or the Internet bubble) was a stock market bubble in the late 1990s, a period of massive growth in the use and adoption of the Internet. Between 1995 and its peak in March 2000, the Nasdaq Composite stock market index rose 400%, only to fall 78% from its peak by October 2002, giving up all its gains during the bubble. During the dot-com crash, many online shopping companies, such as Pets.com, Webvan, and Boo.com, as well as several communication companies, such as Worldcom, NorthPoint Communications, and Global Crossing, failed and shut down. Some companies that survived, such as Amazon, lost large portions of their market capitalization, with Cisco Systems alone losing 80% of its stock value. Background Historically, the dot-com boom can be seen as similar to a number of other technology-inspired booms of the past including railroads in the 1840s, automobiles in the early 20th century, radio in the 1920s, television in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lumbini Media
Lumbinī ( ne, लुम्बिनी, IPA=ˈlumbini , "the lovely") is a Buddhist pilgrimage site in the Rupandehi District of Lumbini Province in Nepal. It is the place where, according to Buddhist tradition, Queen Mahamayadevi gave birth to Siddhartha Gautama at around 566 BCE. Gautama, who, according to Buddhist tradition, achieved Enlightenment some time around 528 BCE, became Gautama Buddha and founded Buddhism. Lumbini is one of many magnets for pilgrimage that sprang up in places pivotal to the life of the Buddha. Lumbini has a number of older temples, including the Mayadevi Temple, and various new temples, funded by Buddhist organisations from various countries, have been completed or are still under construction. Many monuments, monasteries and a museum, and the Lumbini International Research Institute are also within the holy site. Also, there is the Puskarini, or Holy Pond, where the Buddha's mother took the ritual dip prior to his birth and where he had his fir ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American City Business Journals
American City Business Journals, Inc. (ACBJ) is an American newspaper publisher based in Charlotte, North Carolina. ACBJ publishes The Business Journals, which contains local business news for 44 markets in the United States, Hemmings Motor News, Street & Smith's Sports Business Daily, and Inside Lacrosse. The company is owned by Advance Publications. The company receives revenue from display advertising and classified advertising in its weekly newspaper and online advertising on its website and from a subscription business model. The bizjournals.com website contains local business news from various cities in the United States, along with an archive that contains more than 5 million business news articles published since 1996. As of August 2021, it receives over 3.6 million readers each week. History The company was founded in 1982 by Mike Russell with the launch of the Kansas City Business Journal. In 1985, the company became a public company via an initial public offe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
VMware
VMware, Inc. is an American cloud computing and virtualization technology company with headquarters in Palo Alto, California. VMware was the first commercially successful company to virtualize the x86 architecture. VMware's desktop software runs on Microsoft Windows, Linux, and macOS. VMware ESXi, its enterprise software hypervisor, is an operating system that runs on server hardware. In May 2022, Broadcom Inc. announced an agreement to acquire VMware in a cash-and-stock transaction valued at $61 billion. History Early history In 1998, VMware was founded by Diane Greene, Mendel Rosenblum, Scott Devine, Ellen Wang and Edouard Bugnion. Greene and Rosenblum were both graduate students at the University of California, Berkeley. Edouard Bugnion remained the chief architect and CTO of VMware until 2005, and went on to found Nuova Systems (now part of Cisco). For the first year, VMware operated in stealth mode, with roughly 20 employees by the end of 1998. The compan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bloomberg News
Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Television, Bloomberg Radio, ''Bloomberg Businessweek'', ''Bloomberg Markets'', Bloomberg.com, and Bloomberg's mobile platforms. Since 2015, John Micklethwait has served as editor-in-chief. History Bloomberg News was founded by Michael Bloomberg and Matthew Winkler in 1990 to deliver financial news reporting to Bloomberg Terminal subscribers. The agency was established in 1990 with a team of six people. Winkler was first editor-in-chief. In 2010, Bloomberg News included more than 2,300 editors and reporters in 72 countries and 146 news bureaus worldwide. Beginnings (1990–1995) Bloomberg Business News was created to expand the services offered through the terminals. According to Matthew Winkler, then a writer for ''The Wall Street Journal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tanium
Tanium is a privately held cybersecurity and systems management company with headquarters in Kirkland, Washington and its operations center in Emeryville, California. It was founded July 16, 2007 by father and son David Hindawi and Orion Hindawi Orion Hindawi (born 1980) is an American billionaire software entrepreneur, and co-founder of cybersecurity firm Tanium. Biography Hindawi was born and raised in Berkeley, California,BigFix. Orion Hindawi was named CEO in February 2016, and . On May 3rd, 2018, TPG Growth made a $175 million investment in the company. Tanium's valuation is US$10 billion. References [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
F5 Networks
F5, Inc. is an American technology company specializing in application security, multi-cloud management, online fraud prevention, application delivery networking (ADN), application availability & performance, network security, and access & authorization. F5 is headquartered in Seattle, Washington in F5 Tower, with an additional 75 offices in 43 countries focusing on account management, global services support, product development, manufacturing, software engineering, and administrative jobs. Notable office locations include Spokane, Washington; New York, New York; Boulder, Colorado; London, England; San Jose, California; and San Francisco, California. F5's originally offered application delivery controller (ADC) technology, but expanded into application layer, automation, multi-cloud, and security services. As ransomware, data leaks, DDoS, and other attacks on businesses of all sizes are arising, companies such as F5 have continued to reinvent themselves. While the majority ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NetApp
NetApp, Inc. is an American hybrid cloud data services and data management company headquartered in San Jose, California. It has ranked in the Fortune 500 from 2012–2021. Founded in 1992 with an IPO in 1995, NetApp offers cloud data services for management of applications and data both online and physically. History NetApp was founded in 1992 by David Hitz, James Lau, and Michael Malcolm as Network Appliance, Inc. At the time, its major competitor was Auspex Systems. In 1994, NetApp received venture capital funding from Sequoia Capital. It had its initial public offering in 1995. NetApp thrived in the internet bubble years of the mid 1990s to 2001, during which the company grew to $1 billion in annual revenue. After the bubble burst, NetApp's revenues quickly declined to $800 million in its fiscal year 2002. Since then, the company's revenue has steadily climbed. In 2006, NetApp sold the NetCache product line to Blue Coat Systems. In 2008, Network Appliance o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
