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| Company type | Public |
|---|---|
| |
| ISIN | US12514G1085 |
| Industry | B2BIT products and services |
| Founded | 1984; 41 years ago (1984) |
| Founder | Michael Krasny |
| Headquarters | Vernon Hills, Illinois, U.S. |
Key people | |
| Products | |
| Revenue |  US$21.0 billion (2024) |
| US$1.65 billion (2024) | |
| US$1.08 billion (2024) | |
| Total assets |  US$14.7 billion (2024) |
| Total equity | US$2.35 billion (2024) |
Number of employees | 15,100 (2024) |
| Website | cdw |
| Footnotes / references [1] | |
CDW Corporation is an American multi-brand provider of information technology services, serving business, government, education, and healthcare sectors across the United States, the United Kingdom, and Canada. Headquartered in Vernon Hills, Illinois, CDW is aFortune 500 and generated $21 billion in annual net sales in 2023.
CDW was originally incorporated in 1984 as "MPK Computing" by its founderMichael Krasny. The idea was born when Krasny took a small ad in a free-circulation newspaper to sell his computer and printer. It later became Computer Discount Warehouse and then simply CDW.[2]
In 2005, CDW launchedBizTech magazine, which it publishes on quarterly basis.[3]
In early 2006, CDW opened a 513,000-square-foot (47,700 m2) distribution center inNorth Las Vegas,Nevada. TheVernon Hills,Illinois distribution center is roughly 450,000 square feet (42,000 m2). In October 2006 CDW acquiredBerbee, a reseller ofIBM,Cisco, andMicrosoft products and services. It was CDW's second major acquisition after purchasing Micro Warehouse in September 2003.
On 12 October 2007, Chicago based private equity firmsMadison Dearborn Partners andProvidence Equity Partners completed a $7 billion acquisition of CDW.[4] It went public again through aninitial public offering on the NASDAQ market on July 2, 2013, under the name CDW Corporation (the parent company since 2010).[2][5] CDW LLC and CDW Finance Corporation are wholly owned subsidiaries.[6]
CDW operates in Canada as CDW Canada Incorporated, based in Etobicoke, Ontario.[7]
As of 2018, CDW ranked 189th on theFortune 500 list of the largest United States corporations by revenue.[8]
On December 18, 2023, CDW became a component of theNasdaq-100 index.[9]
Berbee Information Networks Corporation, an American company specializing inIT, was purchased by CDW in 2006. Prior to that it was aprivately held company headquartered inFitchburg, Wisconsin. Berbee had offices in Illinois, Indiana, Michigan, Minnesota, Ohio, and Wisconsin. In October 2006, Berbee accepted an $175 million all-cash acquisition offer from CDW.[10] It became a division of CDW and is now known as CDW Advanced Technology Services.
On 3 August 2015 the company announced that it had acquired the remaining 65% of KelwayLtd., aLondon based multinational business with significant presence in theIT sector. Eight months earlier, CDW had bought a 35 percent stake in Kelway.[11]
In 2021, CDW announced the acquisition of Sirius Computer Solutions, Inc. The acquisition was completed later that year.
