History

Growth of Excellence

Since its founding in 1992, Rand has transformed from a traditional parts dealer into a leading global electronic component sourcing and supply chain solutions company.

Company Milestones and Global Semiconductor Revenue

1990's
1990

Growth of Electronic Manufacturing Services (EMS)

1990

Growth of Electronic Manufacturing Services (EMS)

microchip
  • PC explosion drives rapid adoption by businesses and consumers
  • OEMs begin outsourcing to CMs to accelerate growth
  • Increased outsourcing to CMs adds new complexity to the supply chain
1992's
1992

Rand emerges to capitalize on fragmented industry

1992

Rand emerges to capitalize on fragmented industry

Recognizing an opportunity in the industry to fill a gap in the supply chain, Rand Technology emerges.

The Company immediately hires its first engineers in order to compete more effectively in the market by assisting customers with alternate part recommendations.

1993's
1993

Supply chain build out in China; first international sales

1993

Supply chain build out in China; first international sales

Rand starts selling to international accounts – with the first international sale to Mexico – and places great emphasis on building out its supply chain in China.

1995's
1995

Rand is first ISO-certified independent distributor (?)

1995

Rand is first ISO-certified independent distributor (?)

Rand becomes the first ISO-certified independent semiconductor distributor in the industry, validating the importance of its quality management system and securing its position as a high-quality parts distributor.

1998's
1998

Rand sets precedent for Global Contracts

1998

Rand sets precedent for Global Contracts

The Company signs its first global contract with a Tier 1 CM, representing its first documented relationship with a contract manufacturer as well a move in the industry towards signed agreements.

1999's
1999

Worldwide quality validation

1999

Worldwide quality validation

Rand is the leader in vetting sources in APAC& EMEA providing the utmost confidence of reliable parts for their customers.

2000's
2000

Crash, Recovery, and China

2000

Crash, Recovery, and China

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  • Dot-com bust causes excess material to hit the marketplace
  • OEMS and EMSs move to low-cost regions, particularly China
  • Quality becomes bigger issue as supply chain moves to Asia
  • Taiwanese ODMs begin to gain power
  • Creation of smart phone drives cell phone explosion
2000

Rand launches proprietary software system

2000

Rand launches proprietary software system

Rand launches its proprietary parts and data management system worldwide providing customers a valuable tool (VICTOR THINKING🤔)

2001's
2001

Rand targets European Market

2001

Rand targets European Market

Rand opens an office in the UK in order to provide access to the European market and customers.

2003's
2003

Rand partners with Tier 1 OEM

2003

Rand partners with Tier 1 OEM

Rand becomes a preferred partner for a primary OEM company that designs, manufactures, and provides IT solutions worldwide to all industries and end markets.

2005's
2005

Rand signs agreement Telecom/IT OEM

2005

Rand signs agreement Telecom/IT OEM

The Company signs first agreement with Internet Protocol-based networking products Tier 1 OEM, requiring a new level of guarantees to the parts distribution industry.

2007's
2007

Rand established Asian HQ

2007

Rand established Asian HQ

  • Rand establishes its Asian Headquarters in Hong Kong.
  • The Company adds Tier 1 ODMs to its customer base.
2008's
2008

Rand expands its geographic footprint

2008

Rand expands its geographic footprint

Rand expands its geographic footprint to Guadalajara, Mexico joins the family of locations.

2008

Rand adds Global Test Capabilities

2008

Rand adds Global Test Capabilities

Rand expands services to provide global test capabilities. Rand becomes test house for Tier 1 Computing/Cloud OEM for memory/CPU for global service and repair.

2010's
2010

ODMs

2010

ODMs

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  • Following the 2008 recession, the industry experiences flat demand, heightened margin pressure, and supply-driven market allocation
  • Outsourcing continues
  • The industry experiences a wave of supplier consolidation rather than much needed capacity investments
  • Increased natural disasters expose supply-chain vulnerabilities
  • Disruptors include automotive, IoT, AI, and hyperscale
2010

Rand moves European office to Hungary

2010

Rand moves European office to Hungary

Rand moves its European office to Hungary to position itself closer to suppliers and achieve greater cost efficiencies.

2014's
2014

Rand opens ITAD facility

2014

Rand opens ITAD facility

Rand opens an ITAD facility in Tennessee to provide customers with value-added services in a central location close to major transportation hubs.

2015's
2015

Rand’s ITAD facility earns R2 Certification

2015

Rand’s ITAD facility earns R2 Certification

Rand’s Tennessee ITAD facility earns R2 Certification offering customers sustainable options including reuse and reutilization to vastly reduce disposal.

2018's
2018

Rand ITAD expands service options

2018

Rand ITAD expands service options

Rand Tennessee ITAD expands to offer On-site, White glove, and Secure data destruction. Rand lands ITAD service contracts with leading Telecom, Computing/Cloud, and IoT companies.

2019's
2019

Rand adds Board of Directors

2019

Rand adds Board of Directors

Rand’s Board of Directors adds valuable insight, growth, and guidance to management team. Directors from all sectors provide Rand a wealth of experience and growth potential.

2020's
2020

Renaissance of hardware technology

2020

Renaissance of hardware technology

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  • Renaissance of hardware technology to support AI’s next generation of products
  • Fundamental building blocks of semiconductor manufacturers insufficient and require tremendous investment and time to support new products
  • New demand drivers: Hyperscale, Cloud Enterprise, 5G, Auto, and Power
  • Biggest threats: Geopolitics, shortage of supply chain professionals, and macroeconomics