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Comdisco

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Comdisco
(Comdisco, Inc., Rosemont, IL, www.comdisco.com) A technology services company, originally founded as Computer Discount Company in 1969 by Ken Pontikes. By the mid-1990s, Comdisco had become one of the largest independent computer and electronics equipment leasing companies as well as a leader in asset management and business continuity services. By 1997, Comdisco provided help for more than 250 disaster recovery incidents.

In 2001, the company declared Chapter 11 and sold its disaster recovery and electronics, laboratory and scientific leasing businesses, while retaining IT, healthcare and telecom leasing. In 2004, its remaining IT and telecom leasing divisions were sold off to Bay4 Capital. Later that year, Bay4 Capital was snapped up by GE Commercial Finance, a unit of General Electric Company.


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StorageNetworks Inc, the Boston, Massachusetts start-up, has allied with Comdisco Inc to offer business continuity and disaster recovery services on top of its outsourced storage offerings.
Comdisco announced in March that it would exit the mainframe residual leasing business as one of several key steps to focus its expertise and resources on higher-margin, higher-growth technology services businesses.
By Timothy Prickett Morgan Moving ahead in its decade-long strategy of transforming itself from a mainframe leasing company into a full-blown technology services powerhouse, Comdisco is in the midst of re-engineering its disaster recovery and business continuity facilities, which are located in the major metropolitan areas on the American east coast, west coast and in Comdisco's stomping grounds in the Midwest outside of Chicago.
 
 
 
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