History of ISDA
The concept of the ISDA dealer network was first conceived in October of 1977. A committee, together with Counsel recommended a stock cooperative buying corporation as the best organizational structure to handle the vendor activities of the dealer network. On April 11, 1978, an organization known as Office Systems Equipment Cooperative or OSEC was officially incorporated in the District of Columbia with five members of the re-organizational committee becoming the incorporators. Stock in OSEC was purchased by 86 Dealers at a cost of $1,050.00 each. Shareholders capital contribution amounted to $90,300.00.
During the year 1981, the ISDA trade association acquired the Office Systems Equipment Cooperative, and the name of the cooperative changed to ISDA. The purpose of the ISDA Network is to function on behalf of its members by securing arrangements with vendors that will be beneficial to the dealers and to provide support activities to the Dealer network by which the dealer can improve his business operation. Today there are 50 shareholders of the ISDA, each member is an owner.
In the beginning, Kardex Systems was the lead Business Partner of the ISDA, and the sole Business Partner specifically mentioned in our by-laws. Today, our association has partnered with over 30 industry-leading manufacturers to bring exceptional quality products, service, and solutions to our clients.