Where Are They Now?: 1997 Industry Hall Of Fame Inductees

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Edward Raymund

Achievements: Founder of Tech Data, Edward Raymund is best known for his role in building up one of the world's largest computer distributors. Beginning as a side project in 1973, Raymund shifted Tech Data from an electronics dealer to a monitors and add-on cards distributor. The company continued to evolve throughout the early '80s, adopting a two-tiered distribution that involved selling to VARs. Raymund's strategic methodology of organic growth strengthened Tech Data and helped to launched it into the $38-million-in-yearly-sales mark by 1986 – a number that pales in comparison to the $4.6 billion the company was worth in the in the 1990's.

Today: Raymund was CEO of Tech Data until 1985, when he sold it to his son for $10,000. However, he held onto the title of chairman until his retirement in 1991, when he became Chairman Emeritus. Raymund stayed connected to the company by remaining on the board, but turning his focus primarily on his company in Dallas, Texas, PC Service Source Inc. Involved in multiple charity organizations. He passed away in December, 2008.


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