Syngistix History

Syngistix, under different names and management, has been in operation for over 25 years.

The company was founded in 1976 as Information Resources Limited (IRL) by a group of individuals to write a custom order management solution for a single customer. The company built the technology on the HP3000 and MPE (Multi-Processing Executive) platform and grew the company opportunistically, based on adding functionality for each subsequent customer. The company operated as a stand-alone software provider between 1976 and 1981.

In 1981, Hewlett Packard acquired the company because of IRL's success in selling its products on the HP3000 platform. During this period, the company operated as the Information Resources Organization, a division of HP.

The company was spun out of HP through a Management Buy-Out (MBO) in 1986 and renamed Distribution Resources Company. During the late 80's and early 90s, the company operated as Distribution Resources Company, a stand-alone software provider to the traditional distribution market. It continued to enhance its core product, System for Distributors (SFD), and grew at a rapid rate. During this period, the company also built a hardware distribution division that distributed HP3000 products. In 1995, the hardware business was spun-off and became Client Systems, LLC, an exclusive distributor of HP3000 products for North America. Syngistix continues to have an ownership interest and outstanding partnership with Client Systems.

Corporate Express acquired Distribution Resources in 1996. While under ownership of Corporate Express, the company assisted in the development of ISIS, a Unix- and Oracle-based distribution package, and began development of its XPDT product line. In addition, in 1998, Distribution Resources Company, operating as a separate entity within Corporate Express, acquired MTI and its product, Management System for Distributors (MSD). With the acquisition, the company expanded its customer base and established a foothold in the electrical supply distribution vertical market.

In February 2001, the company was spun out of its parent, Corporate Express and a new management team was put in place. In April, the company acquired TSI, Inc. In June, the company secured its working capital equity financing from Roser Ventures and Cortech IV and re-launched itself as Syngistix, Inc.