BrightPoint explained

BrightPoint, Inc.
Type:Subsidiary of Ingram Micro
Foundation:1989
Location:Indianapolis, Indiana, USA
Key People:Robert Laikin
J. Mark Howell
R. Bruce Thomlinson
Industry:Wireless telecommunications
Num Employees:3,909[1]
Homepage:www.brightpoint.com
Revenue:US$5.24B (FY 2010)[2]
Operating Income:US$72.7M (FY 2010)
Net Income:US$48.8M (FY 2010)
Assets:US$1.51B (FY 2010)[3]
Equity:US$291M (FY 2010)

BrightPoint, Inc. was a provider of "wireless device lifecycle services", specializing in the distribution of wireless devices and in providing customized logistics services to the wireless industry.

BrightPoint had a 2011 revenue of $5.24 billion. With approximately 4,000 employees as well as a significant number of temporary staff, and activity in more than 35 countries, including 13 Latin American countries through its investment in Intcomex, Inc., BrightPoint handled approximately 112 million wireless devices globally[4] in 2011.

BrightPoint's services include distribution, channel development, product customization, E-Business, and other outsourced services.[5]

In 2012, BrightPoint was listed at #463 in the annual Fortune 500 rankings. During July 2012 BrightPoint was acquired by Ingram Micro for $650 million.[6] [7] Six of its top executives shared a $30 million payout when the two companies merged, including former CFO, Anthony Boor, who left BrightPoint in 2011.[8]

Notes and References

  1. Web site: Company Profile for Brightpoint Inc (CELL) . 2008-10-21.
  2. https://web.archive.org/web/20100905110348/http://www.wikinvest.com/stock/Brightpoint_(CELL)/Data/Income_Statement Brightpoint (CELL) annual SEC income statement filing via Wikinvest.
  3. https://web.archive.org/web/20100905104404/http://www.wikinvest.com/stock/Brightpoint_(CELL)/Data/Balance_Sheet Brightpoint (CELL) annual SEC balance sheet filing via Wikinvest.
  4. http://cell.client.shareholder.com/releasedetail.cfm?ReleaseID=645028 Brightpoint Reports Fourth Quarter and Full Year 2011 Financial Results
  5. Web site: Brightpoint Expands Its Collaboration and Market Coverage With E-Plus Group Corporate - EQS News . 2023-12-12 . www.eqs-news.com.
  6. Web site: Osborne . Charlie . 2 July 2012 . Ingram Micro to acquire BrightPoint for $650 million . 3 April 2024 . ZDNET.
  7. Web site: 2 July 2012 . Ingram Micro to buy BrightPoint for $650 million . 3 April 2024 . Reuters.
  8. Web site: Home ยป Six BrightPoint execs to share $31M golden parachute Six BrightPoint execs to share $31M golden parachute . Indianapolis Business Journal . 22 August 2012 . 13 April 2015 . Human, Dan.