Press Releases

"Having originally achieved certification on 01/06/2009, Components Direct has upgraded its' ISO 9001 certification to the latest 2008 revision, continuing to be at the forefront of optimized processes and operations" said Cathal Lathrop, Senior Vice President of Operations at Components Direct. "This certification has opened the door to many new and exciting opportunities and forms an integral part of the day to day operations of the company."

Components Direct's ISO 9001:2008 certified quality management system ensures that all components that Components Direct receives are received, categorized, handled and inventoried using the best industry standard protocol. All components are maintained in their original packaging and available for purchase within a minimum amount of time.

Components Direct's certified ISO 14001 environmental management system guarantees that Components Direct run its operations with a minimized impact on the environment through tightly controlled operations. This certificate supports Components Direct's global corporate vision to reduce its carbon footprint and deploy a zero landfill policy.

"Maintaining and expanding ISO 14001:2004 certification is a central part of Components Direct's corporate effort to bring environmentally conscious decisions to the forefront of our company strategy" stated Mr Lathrop. "With our ISO 14001 certified environmental management system in place, the benefits are being seen almost instantly by both customer and vendors alike. Environmental responsibility is and continues to be an integral part of our operations. Originally registered in 01/06/2009, Components Direct has continued on the path of continued expansion of our ISO 14001 program and eagerly looks forward to the continued benefits it brings."

About Components Direct
Components Direct is the leading cloud-based platform for excess & obsolete (E&O) inventory. Combining proprietary vertical search and content management algorithms with market intelligence software, CD's global platform is transforming the way manufacturers find, connect and transact with their customers. Components Direct is a privately-held, rapidly growing and profitable company led by seasoned veterans from semiconductor and software industry. CD's Board of Directors consists of a number of prominent private investors and industry leaders including Walter Kortschak, Mark Stevens, Harvey Jones, Ken Klein, and Marv Burkett. Components Direct is headquartered in Milpitas, CA.

"We are thrilled to have Robert join the Components Direct management team, as he will help us achieve our tremendous potential. His demonstrated track record of building a world class finance team is a big asset to Components Direct at this point in our growth" said Tom Lacey, Components Direct's CEO and Chairman of the Board. "Additionally, his private and public company experience combined with his M&A experience is vital to Components Direct in a time of explosive revenue growth and customer acquisition. Robert has the determination and laser focus that Components Direct needs to continue it success."

Prior to joining Components Direct, Mr. Andersen was the Chief Financial Officer at Phoenix Technologies (NASDAQ: PTEC), the leading provider of core systems software. He helped sell Phoenix to a private equity firm in a transaction that completed in November 2010. Mr. Andersen spent six years in various senior financial roles at Wind River Systems, a leading embedded systems software company. Prior to Wind River, he was the Finance Director at NextOffice, Inc., a privately-held technology company. Mr. Andersen began his finance career at Hewlett-Packard Company where he served in various controller, treasury, and technology finance management roles. He holds a Bachelor's degree from the University of California, Davis, an MBA from the Anderson School of Management at the University of California, Los Angeles, and is a Certified Management Accountant.

"I am very pleased to be joining such an interesting company at this stage in its growth," said Mr. Andersen. "All of the elements exist for Components Direct to disrupt the components distribution market – particularly in the skills and background of the executive team."

About Components Direct
Components Direct is the leading cloud-based platform for excess & obsolete (E&O) inventory. Combining proprietary vertical search and content management algorithms with market intelligence software, Components Direct's global platform is transforming the way manufacturers find, connect and transact with their customers. Components Direct is a privately-held, rapidly growing and profitable company led by seasoned veterans from semiconductor and software industry. Components Direct's Board of Directors consists of a number of prominent private investors and industry leaders including Walter Kortschak, Mark Stevens, Harvey Jones, Ken Klein, and Marv Burkett. Components Direct is headquartered in Milpitas, CA.

"We are fortunate to have someone of Tom's caliber lead the company moving forward," said Walter Kortschak, former Chairman of the Components Direct Board of Directors. "Tom's experience and long track record of growing lines of business across many industries and geographic regions will help accelerate Components Direct's growth and fully capitalize on the diverse product opportunities created by the company's powerful cloud-based technology platform. "

Mr. Lacey was previously CEO and board member of Phoenix Technologies (NASDAQ: PTEC), the leading provider of core systems software, where he led the company's return to profitability and successful acquisition by Marlin Equity Partners for approximately $152 million, a ~55% increase in market capitalization from when Tom joined Phoenix. Prior to Phoenix, Tom was Corporate Vice President and General Manager of Applied Materials' SunFab Thin Film Solar Products where he was responsible for all aspects of the ~$700M business. From 2006 to 2007, Tom was President of Flextronics International's Components Group, which he joined in connection with the successful $300 million sale to Flextronics of International Display Works (IDW), a developer of LCD displays. Tom served as Chairman, President and CEO of IDW from 2004 to 2006, where he drove significant revenue and profitability growth and increased the market capitalization by approximately 6 times. Over a 13 year career at Intel, Tom held various management and executive positions of increasing responsibility, including Vice President Sales and Marketing, President of Intel Americas, where he was responsible for over $12 billion in sales. In his last year at Intel, as Vice President and General Manager, Flash Products, Tom grew revenues by $500 million to $2.3 billion.

"I am thrilled to join Components Direct. I am very impressed with the team, technology and the current set of world-class customers. It is rare in a career to get an opportunity to lead an industry transformation and I am very excited to be part of the Components Direct team. I truly believe Components Direct has the cloud-based technology and team to redefine how semiconductor products are distributed. Components Direct's cloud-based platform simply saves manufacturers money and enables customers to use the internet to source products. Components Direct has the ability to impact the semiconductor distribution channel in the same way that Netflix impacted movie distribution or Amazon impacted book distribution."

About Components Direct
Components Direct is the leading cloud-based platform for excess & obsolete (E&O) inventory. Combining proprietary vertical search and content management algorithms with market intelligence software, Components Direct's global platform is transforming the way manufacturers find, connect and transact with their customers. Components Direct is a privately-held, rapidly growing and profitable company led by seasoned veterans from semiconductor and software industry. Components Direct's Board of Directors consists of a number of prominent private investors and industry leaders including Walter Kortschak, Mark Stevens, Harvey Jones, Ken Klein, and Marv Burkett. Components Direct is headquartered in Milpitas, CA.