CompuCom

CompuCom Systems Inc. is a technology managed services provider and product reseller headquartered in Indian Land, South Carolina, a southern suburb of Charlotte, North Carolina. It is a wholly owned subsidiary of Variant Equity Advisors. In business since 1987, CompuCom provides Managed Workplace Services including IT solutions and hardware and software resale, integration and support services and has numerous partnerships within the technology space such as HP, IBM, Cisco, Dell, Apple, Inc, Jamf Pro, AirWatch, and Microsoft.

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.

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

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.

Safeguard sold CompuCom in 2004 to Platinum Equity, a private equity investment firm for approximately $128 million who appointed Dixon as CEO. Also that year, CompuCom acquired GE Capital Information Technology Solutions (GE ITS), a subsidiary of General Electric, to expand its end-user, network and consulting services portfolio. CompuCom then became partners and resellers of Jamf Pro, VMware, etc.

Platinum Equity sold CompuCom in 2007 to Court Square Capital Partners, a private equity firm spun out of Citigroup.

CompuCom acquired the U.S. division of Getronics in 2008, and in 2009, joined with Getronics and other IT services providers to form the Getronics Workspace Alliance, the first-ever global alliance of IT providers.

In 2013 CompuCom was sold to Thomas H. Lee Partners, also a private equity firm, for $1.1 billion.

In 2015 Dixon retired as CEO and resumed his role as board chairman and was replaced as CEO by Don Doctor who was then replaced by Dan Stone in 2016.

The company moved its U.S. headquarters from Dallas to nearby Plano, Texas in 2016.

Following the acquisition of the company by Office Depot in November 2017, the company became a wholly owned subsidiary. Stone was replaced by Greg Hoogerland in June 2018 and the company moved to new headquarters in Lancaster County, South Carolina, in early 2018.

John M. (Mick) Slattery was named as company president in June 2019.

References

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Office Depot
American companies established in 1987
1987 establishments in North Carolina
Companies based in South Carolina
Technology companies of the United States
2017 mergers and acquisitions