news & events
FOR MORE INFORMATION:
Edward Levens
Kingsport Ventures
(919) 225-8328
eslevens@kingsportventures.com
For Immediate Release
World Wide Technology Reaches $2 Billion in Revenue
ST. LOUIS (February 6, 2007) – World Wide Technology, Inc. (WWT), a market-leading systems integrator that provides innovative technology and supply chain solutions, announced today financial and operational success for 2006. The company’s 2006 revenues reached $2.1 billion, marking 17 consecutive years of double-digit growth.
“WWT’s consistent success is driven by a talented and motivated group of employees who are dedicated to helping our customers solve business problems through technology,” said Jim Kavanaugh, chief executive officer for World Wide Technology. “The significant investments we made in our business in 2006 has positioned World Wide for continued success, especially in the planning, deployment and support of advanced technology solutions. We see many opportunities ahead of us as more and more organizations look for ways to store information, enable mobile workers, improve collaboration and secure data and assets.”
2006 Highlights
• WWT opened a state-of-the-art Integration Technology Center capable of configuring more than 30,000 systems per week. The company now operates more than 1.6 million square-feet of warehousing, distribution and integration space in 20 facilities throughout the United States.
• The company expanded its credit line from $240 million to $350 million.
• WWT added over 420 new customers in 2006, including notable organizations such as the State of Arizona, Valley Metro Rail (Phoenix), Microsoft Network (MSN), PepsiCo and the State of Alaska.
• The company became the second largest Cisco Systems® partner in the U.S. and the number one federal partner. WWT also enhanced its Cisco professional services capabilities and became one of the first companies to achieve TelePresence Advanced Technology Provider (ATP) status.
• In addition to Cisco, WWT strengthened relationships with its other strategic partners including Sun Microsystems, HP, Hitachi Data Systems, Dell, EMC and Network Appliance.
• World Wide Technology invested heavily in its business in 2006 including major upgrades to its Oracle ERP and other back office systems.
About WWT
World Wide Technology, Inc. is a systems integrator that provides innovative technology and supply chain solutions to the commercial, government and telecom sectors. The company brings to market a powerful blend of knowledge, infrastructure and technology to help its customers manage the planning, procurement and deployment of IT products and solutions. Based in St. Louis, the company works closely with industry leaders including Boeing (NYSE: BA); Dell (NASDAQ: DELL); Cisco Systems (NASDAQ: CSCO); Computer Sciences Corp. (NYSE: CSC); AT&T Inc., formerly SBC Communications Inc (NYSE: US:T); Microsoft (NASDAQ: MSFT) and the U.S. Air Force. WWT employs over 1200 people and operates more than 1.6 million square-feet of warehousing, distribution and integration space in 20 facilities throughout the world. For more information on World Wide Technology, visit www.wwt.com.