02/27/2006 - Arbitech announces Jim Binford as Vice President of Finance
Irvine, CA – Arbitech, LLC, the nation’s leading independent computer hardware distributor, today announced the addition of Jim Binford as their Vice President of Finance. Jim is a veteran of the computer hardware and components industry, bringing years of financial and executive management experience to Arbitech.
Jim served as President and CFO of American IC Exchange (AICE) where he began working in 1991. By 2001, Jim had grown the company to $200M in revenues and was instrumental in orchestrating the sale of the company to Vertical Net, a leading, public B2B technology provider. Since 2001, Jim has worked in several start-up organizations in a variety of senior management positions, most recently as President of EdgeFocus, Inc. Prior to starting his professional career, Jim excelled in education, receiving a double major in Business Economics and Political Science from Brown University and an MBA from USC.
“Jim’s first hand experience managing a high growth technology distributor and understanding the complexities of financing this type of business is a perfect fit for Arbitech as we continue to grow,” said Josh McCarter, Arbitech’s COO. “Jim is a great addition to our management team and we are fortunate to have him on board.”
“I am looking forward to joining Arbitech’s management team and helping the Company to manage its finances and identify new opportunities.” states Binford. “The similarity of the business model to AICE is exciting and affords an opportunity for me to leverage my previous experience and bring significant value to Arbitech.”
Jim resides in Newport Beach, CA and when he isn’t working or further educating himself, he finds time to coach baseball and soccer for one of his three sons.
Arbitech, LLC, founded in August 2000, has achieved over a billion dollars in total sales. Arbitech is the nation's leading independent distributor of servers, storage, virtualization, networking and mobile solutions including IBM, HP, Cisco, Juniper, Sonicwall, VMWare, Kingston, Lenovo and other manufacturers. By offering creative, cost-effective solutions, Arbitech enables its reseller partners to win more business and earn additional profit margin. For more information please visit www.arbitech.com.