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Press Releases 2008
Misco’s parent company Systemax has just acquired the brand name and website of a major IT reseller in the United States. The deal to purchase the CompUSA brand and e-commerce operations, also includes up to 16 retail stores across Florida, Texas and Puerto Rico, complementing Systemax’s existing stateside IT business TigerDirect.
TigerDirect chief executive officer Gilbert Fiorentino is pleased with the deal, which is expected to deliver strong results. “Millions of loyal customers will come to the Systemax and TigerDirect family of businesses through this acquisition. We anticipate hiring many experienced CompUSA employees, preserving hundreds of store management and sales positions and making us stronger and better in the process.”
“We believe the value of the CompUSA brand remains very high. The company has a long legacy of value pricing, service and customer loyalty among consumers nationwide” said Richard Leeds, CEO of Systemax.
The acquired CompUSA retail stores are to be integrated into TigerDirect’s existing brick-and-mortar business, currently consisting of eleven stores across Florida, Illinois, North Carolina and Ontario.
CompUSA’s website (www.compusa.com) and retail operations are to continue under existing leadership until the agreement has been closed. A new improved CompUSA website will be the result of integrating within Systemax’s well-respected portfolio of e-commerce websites. Such improvements include advanced searching, enhanced content, including photo galleries and videos on the mort popular PC, TV and other consumer electronics items.
TigerDirect has established itself as a top player in the IT industry stateside, with tigerdirect.com attaining a coveted placing in the Top 15 Online Retail Sites for Customer Focused Excellent by the Forrest Group in November 2007. TigerDirect also benefits from a consistent presence in the Top 10 computer shopping site website traffic as measured by HitWise.
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