History of ISDA
During the year 1981, the ISDA trade association was acquired by 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 82 shareholders of the ISDA.
Kardex Systems was the lead Business Partner of the ISDA, and the sole Business Partner specifically mentioned in our by-laws. In fact, it is a requirement of our by-laws that a new member be a Kardex Dealer to be considered as an ISDA Shareholder and join the organization. For over thirty plus years, the ISDA treated Kardex Systems, Inc., and it predecessor Remington Rand, as a special and unique Business Partner. Since Kardex Systems never had their own dealer meeting, ISDA always extended Kardex Systems time on our program at our Annual Shareholder’s Meeting held each October.
Kardex Systems, USA, filed bankruptcy in October 2008 and the assets were acquired by Kardex AG. ISDA’s Board of Directors decided not to enter into an endorsed business partner agreement with Kardex AG and decided that Hänel Storage Systems offered a better future for our network. Hänel Storage Systems signed a formal agreement as ISDA’s “Keystone Business Partner” effective April 1, 2009.