MERRIMACK, N.H.--(BUSINESS WIRE)--
PC Connection, Inc. (NASDAQ: PCCC), a holder of companies that
provides a full range of information technology (IT) solutions from
design through deployment to business, government, and education
markets, announced today that Timothy McGrath has been promoted to the
position of Chief Executive Officer. He will succeed co-founder Patricia
Gallup, who will continue as Executive Chairman of the Board of
Directors and also serve as Chief Administrative Officer, overseeing
corporate governance and administration.
Under Gallup's leadership, PC Connection has set the standards as a
customer service leader and innovator in the IT direct marketing
industry. The Company was co-founded by Gallup and David Hall in 1982,
and is now a Fortune 1000 company with nearly two billion dollars in
annual revenue. Gallup was instrumental in leading the Company's
strategic direction, including its evolution from a direct mail-order
supplier into a full-service IT solutions provider.
McGrath joined PC Connection in 2005 and most recently served as its
President and Chief Operating Officer overseeing the Company's sales
subsidiaries, supply chain, and services organizations. During his
tenure as COO, the Company significantly grew revenue and substantially
improved operating results.
McGrath began his career at Hewlett Packard, where he served as area
sales manager for the Eastern Region. Before joining PC Connection, he
was employed by Insight Enterprises, Inc. as Executive Vice President of
Insight North America. Previously McGrath was President of Comark, which
was acquired and made a division of Insight in 2002. McGrath holds a
Bachelor of Science degree in Business Administration from Southern New
Hampshire University and an MBA from Babson College.
McGrath stated, "It's an honor to be succeeding Pat Gallup as CEO, and I
look forward to working closely with her in her role as Executive Chairman
and Chief Administrative Officer. This is a great opportunity to
continue leading PC Connection as an innovator and industry leader. I am
confident our experienced and talented management team will continue to
drive the Company to new heights."
The Presidents of the Company's subsidiaries will continue to report to
McGrath. Subsidiary companies include PC Connection Sales Corporation,
the original business of PC Connection, Inc. serving the small- and
medium-sized business sector; MoreDirect, Inc., providing corporate
technology buyers with a comprehensive e-procurement solution and
in-depth IT supply-chain expertise; GovConnection, Inc., a
rapid-response provider of IT products and services to federal, state,
and local government agencies and educational institutions; PC
Connection Express, Inc., a provider of computer products and consumer
electronics to home, home office, and small office users; and ValCom
Technology, providing services to medium-to-large corporate
organizations utilizing its proprietary cloud-based IT service
management software, WebSPOC™.
"Tim McGrath was promoted to the position of Chief Executive Officer
based on his outstanding leadership and proven track record over the
past six years. I am confident that his strategic vision and focus on
operational excellence will guide PC Connection as it continues to grow,
and as the Company continues to expand its presence as a full-service IT
solutions provider," said Gallup.
About PC Connection, Inc.
PC Connection, Inc., a Fortune 1000 company, owns five sales
subsidiaries: PC Connection Sales Corporation, MoreDirect, Inc.,
GovConnection, Inc., PC Connection Express, Inc., and Professional
Computer Center, Inc. d/b/a ValCom Technology, headquartered in
Merrimack, NH, Boca Raton, FL, Rockville, MD, Portsmouth, NH, and
Itasca, IL, respectively. All five companies can deliver
custom-configured computer systems overnight from PC Connection
Services' ISO 9001:2000 certified technical configuration lab at its
distribution center in Wilmington, OH. Investors and media can find more
information about PC Connection, Inc. at http://ir.pcconnection.com.
PC Connection Sales Corporation (800-800-5555), the original business of
PC Connection, Inc. serving the small- and medium-sized business sector,
is a rapid-response provider of information technology (IT) products and
services. It offers more than 180,000 brand-name products through its
staff of technically trained sales account managers and catalog
telesales representatives, catalogs, and publications, and its website
at www.pcconnection.com.
MoreDirect, Inc. (561-237-3300), www.moredirect.com,
provides corporate technology buyers with a comprehensive web-based
e-procurement solution and in-depth IT supply-chain expertise, serving
as a one-stop source by aggregating more than 300,000 products from the
inventories of leading IT wholesale distributors and manufacturers.
MoreDirect's TRAXX(TM) system is a seamless end-to-end interface that
empowers clients to electronically source, evaluate, compare prices, and
track related technology product purchases in real-time.
GovConnection, Inc. (800-800-0019) is a rapid-response provider of IT
products and services to federal, state, and local government agencies
and educational institutions through specialized account managers,
catalogs, and publications, and online at www.govconnection.com.
PC Connection Express, Inc. (888-800-0323) is a rapid-response provider
of computer products and consumer electronics to home, home office, and
small office users. Customers can purchase the best-known brands in the
industry online at www.pcconnectionexpress.com
or order by calling a trained sales specialist. The subsidiary includes
the MacConnection brand (800-800-2222), one of Apple's largest
authorized online resellers at www.macconnection.com.
Professional Computer Center, Inc. d/b/a ValCom Technology
(630-285-0500), www.valcomtechnology.com
provides technology services to medium-to-large corporate organizations
utilizing its proprietary cloud-based IT service management software,
WebSPOC™. Through its experienced technical service personnel ValCom
Technology provides network, server, storage, mission-critical onsite
support, installation, and host of lifecycle services.
"Safe Harbor" Statement Under the Private Securities Litigation Reform
Act of 1995: This release contains forward-looking statements that are
subject to risks and uncertainties, including, but not limited to, the
impact of changes in market demand and the overall level of economic
activity and environment, or in the level of business investment in
information technology products, competitive products and pricing,
product availability and market acceptance, new products, fluctuations
in operating results, and the ability of the Company to manage personnel
levels in response to fluctuations in revenue, and other risks that
could cause actual results to differ materially from those detailed
under the caption "Risk Factors" in the Company's Annual Report on Form
10-K filed with the Securities and Exchange Commission for the year
ended December 31, 2010. More specifically, the statements in this
release concerning the Company's outlook for 2011 and other statements
of a non-historical basis (including statements regarding the Company's
ability to grow revenues and increase market share) are forward-looking
statements that involve certain risks and uncertainties. Such risks and
uncertainties include the ability to realize market demand for and
competitive pricing pressures on the products and services marketed by
the Company, the continued acceptance of the Company's distribution
channel by vendors and customers, continuation of key vendor and
customer relationships and support programs, the ability of the Company
to integrate the operations of ValCom Technology, and the ability of the
Company to hire and retain qualified sales representatives and other
essential personnel. The Company assumes no obligation to update the
information in this press release or revise any forward-looking
statements, whether as a result of any new information, future events,
or otherwise.
pccc-g
PC Connection, Inc.
Stephen Baldridge, 603-683-2322
Source: PC Connection, Inc.
News Provided by Acquire Media
