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+--- Thread: Billion Dollar Party (/showthread.php?tid=1769)
Billion Dollar Party - jameson245 - 11-15-2020
1996-12-21: Access celebrates $1 billion mark
Access celebrates $1 billion mark
By TOM LOCKE
Camera Business Writer
December 21, 1996
A billion bucks. That's enough to make anybody celebrate.
So when Boulder-based computer distributor Access Graphics Inc. passed the $1 billion mark in 1996 revenues, it tossed a luncheon party at the Hotel Boulderado on Friday.
A dixieland jazz band made the rounds at Access' Boulder offices Friday morning to announce the celebration and later played at the Boulderado.
John Ramsey, president of Access Graphics, thanked about 300 employees at the gathering and told them it couldn't have happened without them. The $1 billion in sales is about a 25 percent increase over the $800 million the company posted last year, and Ramsey foresees continued growth.
The next major milestone party, when the company reaches $2 billion in revenues, will come "before the end of the decade, that's for sure," he predicted.
Reaching the billion-dollar mark has come relatively quickly for Access, which was formed in 1989 from the merger of three companies: CAD Distributors Inc. of Boulder; CAD Sources Inc. of Piscataway, N.J.; and Advanced Products Group of Roswell, Ga.
In 1990, Access posted $59 million in sales and had 120 employees. While revenues have grown about 1,600 percent, employment has grown about 358 percent, to 550 employees. About 380 employees are in Boulder, 100 in Europe, 20 in Mexico City, 12 in Canada and some at warehouses in California and Pennsylvania.
Access Graphics, a wholly owned subsidiary of Bethesda, Md.-based Lockheed Martin Corp., gets about 60 percent of its revenues from selling hard ware and software from Sun Microsytem.