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40 Facts About CDW

Farrah Pirtle

Written by Farrah Pirtle

Published: 08 Dec 2024

Expert Verified Editorial Guidelines
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Source: Cdw.com

What makes CDW Corporation a leader in the IT industry? CDW Corporation, founded in 1984 by Michael Krasny, has grown from a small computer sales business into a major player in the IT world. Starting as "MPK Computing," it evolved into Computer Discount Warehouse before becoming simply CDW. The company went public in 1993, launched an e-commerce site in 1997, and expanded through strategic acquisitions like Micro Warehouse and Berbee Information Networks. With a presence in the U.S., Canada, and the U.K., CDW serves over 15,100 customers and reported $21 billion in sales in 2023. Recognized on the Fortune 500 list, CDW offers a broad range of IT solutions, making it a trusted partner for businesses, governments, and educational institutions.

Key Takeaways:

  • CDW has grown from selling computer hardware to becoming a global IT powerhouse, with a focus on customer satisfaction and strategic acquisitions.
  • With a wide range of products and services, CDW serves diverse sectors and has a strong global presence, making it a leader in the IT industry.
Table of Contents
01CDW Corporation: A Brief Overview
02Milestones in CDW's Growth
03Strategic Acquisitions and Divisions
04Going Public Again and International Expansion
05Recent Acquisitions and Market Presence
06Financial Performance and Customer Base
07Specialized Divisions and Services
08Distribution and Publications
09Recognitions and Industry Leadership
10Headquarters and Global Reach
11Product and Service Range
12IT Solutions Expertise
13Notable Clients and Non-Profit Initiatives
14Acquisitions and Market Recognition
15Industry Leadership and Financial Performance
16CDW's Impact and Future

CDW Corporation: A Brief Overview

CDW Corporation is a major player in the IT industry, providing technology products and services to a wide range of customers. Let's dive into some key facts about this influential company.

  1. Founding and Name: CDW started in 1984 as "MPK Computing" by Michael Krasny. The name later changed to Computer Discount Warehouse, then simply CDW.

  2. Initial Business: Initially, CDW sold computer hardware and software to small and medium-sized businesses, focusing on cost-effective solutions.

  3. Expansion of Product Offerings: By 1985, CDW included software and peripherals in its product range, attracting more customers.

Milestones in CDW's Growth

CDW has achieved several significant milestones that have shaped its journey from a small business to a multinational corporation.

  1. Going Public: In 1993, CDW went public on NASDAQ under the ticker symbol CDWC, marking a major growth milestone.

  2. E-commerce Launch: CDW launched its e-commerce website in 1997, making it easier for customers to purchase products online.

  3. Acquisition of Micro Warehouse: In 2003, CDW acquired Micro Warehouse, expanding its product offerings and customer base.

Strategic Acquisitions and Divisions

CDW has made several strategic acquisitions and launched specialized divisions to enhance its capabilities.

  1. Launch of CDW Healthcare: In 2005, CDW created CDW Healthcare to provide technology solutions to healthcare organizations.

  2. Acquisition of Berbee Information Networks: CDW acquired Berbee in 2006, adding significant IT expertise and a robust product portfolio.

  3. Private Equity Acquisition: In 2007, Madison Dearborn Partners and Providence Equity Partners acquired CDW for $7.3 billion, taking it private.

Going Public Again and International Expansion

CDW's journey continued with another public offering and international growth.

  1. Re-Going Public: CDW went public again on July 2, 2013, under the name CDW Corporation.

  2. Subsidiaries: CDW operates through subsidiaries like CDW LLC and CDW Finance Corporation.

  3. International Presence: CDW operates in Canada as CDW Canada Incorporated, recognized as one of the best workplaces in Canada in 2011.

Recent Acquisitions and Market Presence

CDW continues to grow through strategic acquisitions and maintaining a strong market presence.

  1. Acquisition of Kelway: In 2015, CDW acquired the remaining 65% of Kelway Ltd., enhancing its global reach.

  2. Acquisition of Sirius Computer Solutions: In 2021, CDW acquired Sirius Computer Solutions, expanding its IT capabilities.

  3. Nasdaq-100 Index Component: CDW became a component of the Nasdaq-100 index on December 18, 2023.

Financial Performance and Customer Base

CDW's financial performance and extensive customer base highlight its success in the IT industry.

  1. Revenue and Customers: As of 2023, CDW reported annual net sales of approximately $21 billion and served over 15,100 customers.

  2. Headquarters and Locations: CDW is headquartered in Vernon Hills, Illinois, with primary locations in the U.S., U.K., and Canada.

  3. Fortune 500 Ranking: CDW ranked 189th on the Fortune 500 list in 2018, showcasing its economic impact.

Specialized Divisions and Services

CDW has specialized divisions and services to cater to various sectors and needs.

  1. CDW Non-Profit Sector: Founded in 2007, CDW Non-Profit provides affordable technology tools to various organizations.

  2. Berbee Information Networks Corporation: Acquired by CDW in 2006, Berbee specialized in IT solutions and became CDW Advanced Technology Services.

  3. Berbee Voice-Over IP Software: The Berbee Voice-Over IP software group was spun off to form Singlewire Software in 2009.

Distribution and Publications

CDW's distribution centers and publications play a crucial role in its operations and customer engagement.

  1. Distribution Centers: CDW operates major distribution centers in Vernon Hills, Illinois, and North Las Vegas, Nevada.

  2. BizTech Magazine: Launched in 2005, BizTech magazine provides insights and news on IT trends.

Recognitions and Industry Leadership

CDW's recognitions and leadership in the IT industry reflect its commitment to excellence.

  1. CDW Canada Recognition: CDW Canada was recognized as one of the best workplaces in Canada in 2011.

  2. Fortune 500 Industry: CDW is listed under the Information Technology Services industry in the Fortune 500 rankings.

  3. Annual Net Sales: CDW reported annual net sales of approximately $21 billion in 2023.

  4. Number of Customers: CDW serves over 15,100 customers, indicating its extensive reach.

  5. Number of Coworkers: The company employs a significant number of workers, contributing to its strong workforce.

Headquarters and Global Reach

CDW's headquarters and global reach enable it to provide solutions worldwide.

  1. Headquarters Location: CDW is headquartered in Vernon Hills, Illinois.

  2. Primary Locations: CDW has primary locations in the U.S., U.K., and Canada, providing solutions in over 150 countries.

Product and Service Range

CDW offers a wide range of products and services to meet diverse customer needs.

  1. Product and Service Range: CDW offers hardware, software, and integrated IT solutions like security, cloud, hybrid infrastructure, and digital experience.

  2. Customer Base: CDW serves business, government, education, and healthcare customers.

IT Solutions Expertise

CDW's expertise in IT solutions sets it apart in the industry.

  1. IT Solutions Expertise: CDW specializes in network infrastructure, systems and storage, productivity applications, communication and collaboration, application development, and security.

  2. Data Centers: CDW’s data centers deliver hosted applications, co-location, and managed services.

Notable Clients and Non-Profit Initiatives

CDW's notable clients and non-profit initiatives highlight its impact and commitment to service.

  1. Clientele: Notable clients include The Brookings Institution, Salvation Army, PCAOB, AIDS Healthcare Foundation, The Metropolitan Museum of Art, and American Heart Association.

  2. Non-Profit Initiatives: CDW Non-Profit provides affordable technology tools to various organizations.

Acquisitions and Market Recognition

CDW's strategic acquisitions and market recognition underscore its leadership in the IT industry.

  1. Acquisitions and Mergers: CDW has made several strategic acquisitions, including Berbee Information Networks Corporation and Sirius Computer Solutions.

  2. Market Recognition: CDW is recognized for its commitment to integrity and shared values.

Industry Leadership and Financial Performance

CDW's industry leadership and financial performance demonstrate its success and influence.

  1. Industry Leadership: As a Fortune 500 company and member of the S&P 500 Index, CDW is a leading multi-brand provider of IT solutions.

  2. Financial Performance: CDW reported annual net sales of approximately $21 billion in 2023, serving over 15,100 customers.

CDW's Impact and Future

CDW Corporation has come a long way since its start in 1984. From selling computer hardware to becoming a major player in the IT industry, CDW's journey is impressive. With annual net sales of around $21 billion and over 15,100 customers, CDW's reach is vast. Their strategic acquisitions, like Berbee Information Networks and Sirius Computer Solutions, have strengthened their offerings. CDW's commitment to sectors like healthcare and non-profits shows their versatility. Recognized on the Fortune 500 list and as a Nasdaq-100 component, CDW's market presence is undeniable. Their global operations in the U.S., U.K., and Canada highlight their international influence. As technology evolves, CDW's ability to adapt and innovate ensures they remain a trusted partner in the IT world. Their story is one of growth, resilience, and forward-thinking.

Frequently Asked Questions

What exactly is CDW?
CDW stands for Collision Damage Waiver. It's a type of rental car insurance that covers damage to the rented vehicle. If you're ever in a scrape or a fender bender while driving a rental, having CDW means you won't be on the hook for the full cost of repairs.
How does CDW differ from standard car insurance?
Unlike your typical car insurance, CDW is specifically for rental cars. Regular insurance might cover accidents and theft, but CDW focuses solely on damage to the rental vehicle. It's like a safety net, ensuring you're not paying out of pocket for dings, dents, or more serious damage while the car's in your care.
Is CDW mandatory when renting a car?
Not always, but it's highly recommended. Some rental companies might require you to have it before you drive off, while others leave the decision up to you. Even if it's optional, snagging CDW can save you a headache and a hefty bill if something goes wrong.
Can my credit card provide CDW coverage?
Absolutely! Many credit cards offer CDW as a perk for rentals charged to the card. However, coverage levels can vary, so it's wise to check with your card issuer about the specifics. This way, you might avoid paying extra for coverage you already have.
What's not covered by CDW?
CDW has its limits. For instance, it usually won't cover damage from reckless driving, speeding, or driving under the influence. Damage to other cars, property, or injuries are also not covered. Always read the fine print to know what's included and what's not.
How can I decide if I need CDW?
Consider your risk tolerance and the potential costs of damage. If you're a cautious driver and the rental's in a low-risk area, you might skip it. But, if the thought of paying for repairs out of pocket makes you sweat, CDW could be worth its weight in gold.
Does CDW cover theft of the rental car?
Generally, yes, but it's called Theft Protection (TP) and might be included with your CDW or offered separately. This coverage protects you if the rental car is stolen during your rental period. Just remember, personal items left in the car might not be covered, so keep your valuables with you.

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