Systemax Inc., the New York based electronics marketer, ranks no.24 in the Internet Retailer Top 500 Guide. Systemax, parent of the most popular computer reseller TigerDirect, now adds its competitor CompUSA.com and select stores to its asset list. Systemax acquired CompUSA.com from Gordon Brothers Group LLC, a Boston based investment banking firm, for an undisclosed price.

"We believe the value of the CompUSA brand remains very high. The company has a long legacy of value pricing, service and customer loyalty among consumers nationwide," said Systemax CEO Richard Leeds in a statement. "We view this acquisition as a strong complementary business to our TigerDirect operation

Systemax CEO Richard Leeds said that CompUSA would be retained as a separate E-commerce site. The list of Systemax stores at present includes about 11 TigerDirect retail stores in Florida, Illinois, North Carolina and Ontario, Canada. Further to the list, 16 CompUSA stores would be added during the first quarter of 2008.

CompUSA.com has now been updated with advanced searching options and enhanced content. Complex products, mostly consumer electronics, have been explained with the aid of video clips and photo galleries on the site. The CompUSA website is being operated by Systemax since January and from then on there has been an increase of traffic on the parent site.

In 2007 Systemax witnessed an increase in sales by 19%. It has risen from $2.34 billion in 2006 to $2.77 billion. A similar rise in revenue is highly expected, so this acquisition will definitely bring monetary gains to Systemax.