Definition: Comdisco

(Comdisco, Inc., Rosemont, IL) A technology services company, originally founded as Computer Discount Company in 1969 by Ken Pontikes. By the mid-1990s, Comdisco had become one of the largest independent computer and electronics equipment leasing companies as well as a leader in asset management and business continuity services. By 1997, Comdisco provided help for more than 250 disaster recovery incidents.

In 2001, the company declared Chapter 11 and sold its disaster recovery and electronics, laboratory and scientific leasing businesses, while retaining IT, healthcare and telecom leasing. In 2004, its remaining IT and telecom leasing divisions were sold off to Bay4 Capital. Later that year, Bay4 Capital was snapped up by GE Commercial Finance, a unit of General Electric Company.