World Wide Technology

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World Wide Technology
Company typeTechnology
Founded1990
FoundersDavid Steward, Jim Kavanaugh
Headquarters
Maryland Heights, Missouri
,
United States of America
Key people
David Steward (Chairman)
Jim Kavanaugh (CEO)
Revenue$17.0 billion
Number of employees
9,000 (2023)
Websitehttps://www.wwt.com

World Wide Technology, Inc. (WWT) is a privately-held American technology services company based in St. Louis, Missouri. The company has an annual revenue of $17.0 billion (the 27th largest private company in the US[1] and the biggest black-owned company in the US[2][3]) and employs over 9,000 people. WWT works in the areas of cloud computing, computer security, data centers, data analytics and artificial intelligence, computer networks, application software development, cell phone carrier networking, and consulting services.

History

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World Wide Technology was founded by David Steward and Jim Kavanaugh in July 1990 as a reseller of technology equipment.[4]

In 1994, WWT entered into a partnership with Cisco Systems to resell hardware and software.[5] WWT also established partnerships with technology companies including Dell,[6] Hewlett Packard Enterprise,[7] Intel,[8] Microsoft,[9] NetApp,[10] F5,[11] Tanium[12] and VMware.[13]

WWT opened its first warehouse in 1996 and operates more than 20 facilities with two million square feet of warehousing, distribution and integration space.[14][15][16]

In 1999, Telcobuy.com, LLC, was founded as separate company, owned by WWT, Steward and Kavanaugh.[17] In March, 2000, Telcobuy announced $27.5 million in venture capital, after revenue grew to $246 million.[18] Telcobuy planned an initial public offering of about $100 million, but as the dot-com bubble burst, the plan was withdrawn in the early 2000s recession. Starting 2001 with 440 employees, the company reduced its workforce and its founders took 40% pay cuts, while it kept operating. In January 2003, it was merged back into WWT under a holding company.[19]

WWT created its first large-scale integration lab in St. Louis to increase capacity for secure system configuration.[20] Additional integration labs were established in Europe and Asia, with locations in Amsterdam and Singapore opening in 2015,[21] and Mumbai in 2019.[22]

In 2009, WWT opened its Advanced Technology Center to allow engineers, customers and partners to evaluate hardware and software.[23][24] The Advanced Technology Center was made accessible online.[25]

In 2015, WWT acquired St. Louis software company Asynchrony.[26]

In 2020, WWT received Webby Awards in the Health & Fitness and People's Voice categories for its St. Jude Children's Research Hospital Patient Care App.[27]

WWT has been named on Fortune's 100 Best Companies to Work For list from 2012 to 2022.[28]

In 2021, Time named WWT among the 100 Most Influential Companies, in the "Leaders" category.[29]

Sponsorships

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References

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  1. ^ "America's Largest Private Companies". Forbes. Retrieved 2022-01-18.
  2. ^ Haqqi, Ty (2021-01-19). "10 Biggest Black-Owned Companies in the US". Insider Monkey.
  3. ^ "Top 100". Black Enterprise. 2018. Retrieved 2022-01-18. 2018 (latest data - details in https://www.blackenterprise.com/be100s/world-wide-technology/) {{cite web}}: External link in |quote= (help)
  4. ^ "The Billionaires Behind The Secret Tech Mecca In America's Heartland". Forbes. August 8, 2019. Retrieved September 27, 2020. In 1990, World Wide Technology became a humble reseller of printers, computers and telephonic equipment….Kavanaugh is one half of World Wide Technology. The other is its chairman, David Steward, 68, the salesman to Kavanaugh's wonk.
  5. ^ "From a mountain of debt to Forbes top 30: How World Wide Technology took on the hardware industry". International Business Times. November 3, 2017. Retrieved October 16, 2020. Within three years of its inception, the company had racked up hefty debts, before a partnership with technology giant Cisco System in 1994 gave WWT its first major breakthrough.
  6. ^ "The Billionaires Behind The Secret Tech Mecca In America's Heartland". Forbes. August 8, 2019. Retrieved September 27, 2020. Here his company, World Wide Technology, has assembled thousands of hardware and software offerings from Microsoft, Cisco, Dell and more than 100 other tech firms in one place.
  7. ^ "Hewlett Packard Enterprise Aims To Deliver 5G Simplification". Forbes. April 2, 2020. Retrieved September 27, 2020. ODIM is a partner led effort by HPE and Intel, but also includes a number of ecosystem partners such as Red Hat, Tech Mahindra and IT equipment and services provider World Wide Technology.
  8. ^ "Intel Quietly Becoming A Player On The 'Edge'". Forbes. April 13, 2020. Retrieved September 27, 2020. The company says it is doubling its edge deployments year over year. For the network edge, partners include Lenovo, Red Hat, Advantech, Caswell, Inventec, Lanner, Nexcom, World Wide Technology, Ericsson, ZTE, Verizon, Vodafone, Nokia, China Telecom and many more.
  9. ^ "The Billionaires Behind The Secret Tech Mecca In America's Heartland". Forbes. August 8, 2019. Retrieved September 27, 2020. Here his company, World Wide Technology, has assembled thousands of hardware and software offerings from Microsoft, Cisco, Dell and more than 100 other tech firms in one place.
  10. ^ "World Wide Technology takes on industry challenges for service providers and enterprises". Fierce Telecom. January 16, 2019. Retrieved September 27, 2020. [WWT] counts Cisco, VMware, NetApp, Dell EMC, F5 Networks, and HPE among its vendor customers.
  11. ^ "World Wide Technology takes on industry challenges for service providers and enterprises". Fierce Telecom. January 16, 2019. Retrieved September 27, 2020. [WWT] counts Cisco, VMware, NetApp, Dell EMC, F5 Networks, and HPE among its vendor customers.
  12. ^ "DoD Is Auditing the Process that Won Tanium Government Contracts". Bloomberg News. May 28, 2018. Retrieved September 27, 2020. Tanium, along with partner World Wide Technology, won a $750 million contract to increase security of Army networks late last year. It was the largest contract of its kind to originate from the DIUx office, which was created in 2015 to reach newer technology companies that aren't traditional Pentagon contractors.
  13. ^ "WWT CEO Jim Kavanaugh's 10 Boldest IT Bets And Myths For 2020". CRN. January 17, 2020. Retrieved September 27, 2020. Kavanaugh plans to invest millions in net new hires to attack fast growing market segments while also doubling down on the innovation strategies from the likes of Cisco and VMware. to resell hardware and software.
  14. ^ "Metro East industrial building, with World Wide Technology as a tenant, attracts a buyer". St Louis Business Journal. February 4, 2020. Retrieved October 17, 2020. WWT also has 2 million square feet of industrial space at a new $115 million campus at nearby Gateway Commerce Center, also in Edwardsville.
  15. ^ "World Wide Technology WWT: America's Largest Private Company owned by Black". Lumbini Media. November 5, 2022. Retrieved November 5, 2022.
  16. ^ "5 BLACK-OWNED COMPANIES YOU'VE NEVER HEARD OF THAT MAKE $500 MILLION OR MORE A YEAR". Black Enterprise. July 18, 2020. Retrieved October 17, 2020. Even more, they have approximately 4 million square feet of warehousing, distribution and integration space in more than 20 facilities throughout the world. And yes, they are Black-owned!
  17. ^ "Form S-1/A: General form for registration of securities". US Securities and Exchange Commission. May 8, 2000. Retrieved February 3, 2022.
  18. ^ Larry Holyoke (March 24, 2000). "Telcobuy dials up to $100 million: Seeks a quick public offering". St. Louis Business Journal. Archived from the original on September 28, 2004. Retrieved February 3, 2022.
  19. ^ "World Wide Technology, Telcobuy.com merge". St. Louis Business Journal. January 21, 2003. Archived from the original on April 21, 2003. Retrieved February 3, 2022.
  20. ^ "Top 150 2020: World Wide Technology adds to revenue by expanding — locally and globally". St Louis Business Journal. September 17, 2020. Retrieved October 16, 2020. The company last year opened its North American Integration Center campus in Edwardsville.
  21. ^ "World Wide Technology opens new Asia-Pacific headquarters". St Louis Business Journal. October 14, 2015. Retrieved October 16, 2020. Maryland Heights-based World Wide Technology has opened a new Asia-Pacific headquarters in Singapore that will include sales offices and an integration technology lab.
  22. ^ "Top 150 2020: World Wide Technology adds to revenue by expanding — locally and globally". St Louis Business Journal. September 17, 2020. Retrieved October 16, 2020. The company also extended its global reach with a new 10,000-square-foot integration center in Mumbai, India.
  23. ^ "The Billionaires Behind The Secret Tech Mecca In America's Heartland". Forbes. August 8, 2019. Retrieved September 27, 2020. Kavanaugh swipes his badge and enters the so-called Advanced Technology Center. Here his company, World Wide Technology, has assembled thousands of hardware and software offerings from Microsoft, Cisco, Dell and more than 100 other tech firms in one place. An army of engineers (3,000 strong) are on hand to run demos, conduct bake-offs and make recommendations.
  24. ^ "How World Wide Technology used innovation to become a $9 billion giant". St Louis Business Journal. January 13, 2017. Retrieved October 16, 2020. Now nearly eight years later — and with at least $100 million invested in the company's Advanced Technology Centers (ATC) — it's hard to argue with the results.
  25. ^ "Cisco Live 2018: How WWT's virtual lab lets companies test new Cisco/Google cloud solution". TechRepublic. June 11, 2018. Retrieved October 16, 2020. World Wide Technology (WWT) has built a virtual lab in its St. Louis, MO-based Advanced Technology Center that will let companies get first-hand experience with the new Cisco Hybrid Cloud Platform for Google Cloud.
  26. ^ "World Wide Technology acquires Asynchrony". St. Louis Public Radio. June 5, 2015. Retrieved September 27, 2020. St. Louis-based World Wide Technology has acquired local software company Asynchrony.
  27. ^ "WWT Recognized with 'Internet's Highest Honor' at 2020 Webby Awards". Businesswire. May 19, 2020. Retrieved May 26, 2021.
  28. ^ "World Wide Technology". Fortune. Retrieved September 27, 2020.
  29. ^ "2021 TIME100 Most Influential Companies". Time Magazine. 2021. Retrieved 2021-06-28.
  30. ^ "RPM, World Wide Technology renew partnership for 2019 | NASCAR.com". Official Site Of NASCAR. 2018-12-20. Retrieved 2021-05-11.
  31. ^ "World Wide Technology announces naming rights for Gateway Motorsports Park". FOX 2. 2019-04-17. Retrieved 2021-05-11.
  32. ^ "World Wide Technology sponsors pro golfer Graeme McDowell". www.bizjournals.com. Retrieved 2021-05-11.
  33. ^ "Watching golf this weekend? Here's why you may see World Wide Technology's logo". www.bizjournals.com. Retrieved 2021-05-11.

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