MARKHAM, ON and NEW YORK, NY--(Marketwire - August 25, 2010) - CDI Computers, North America's leading supplier of recertified technology to the Education market, has just announced the completion of a management buyout from its corporate parent, with the backing of New York based private investors.
"CDI has seen tremendous growth and fantastic financial results over the last four years," commented Jeffrey Ehlers, President of the previous parent. "While it was the correct time for us to divest of this asset we expect their growth and success to continue."
CDI will be celebrating its 30th anniversary this year and during this period it has built an impressive client base of over 4,000 school districts across North America. The company specializes in maximizing the technology budget of its customers and improving the computer-to-student ratio in the schools IT services.
"Being part of a larger organization gave us an incredible opportunity to build corporate discipline and to develop our signature customer service policy and industry leading warranty policy," stated Saar Pikar, CDI Chief Executive Officer. "We intend to make good use of these strengths in growing our position as North America's leading educational supplier."
The company has been growing its education business by 30% year-after-year in the past few years and will continue to expand its customer base into public, private and higher education with new programs for one-to-one computing and by offering branded computers at significant discounts.
"This is an exciting time for all of us at CDI. We have 180 remarkable employees that are committed to getting as many computers in the hands of students as possible and providing amazing service to the schools that rely on us," says Pikar.
About CDI
CDI is the largest distributor of recertified computer equipment to the Education market in North America and our mission is to increase the availability of computers for students while dramatically reducing technology spending. Over 9,000 U.S. schools have already taken advantage of our industry leading service, longer-than-new warranty, brand name selection and customized financing. CDI's 100% focus on education can help you exceed your technology goals. For more information go to: http://www.cdihomeroom.com