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Private | |
Founded | Dayton, Ohio (1866) |
Headquarters | Kettering, Ohio - Worldwide Headquarters |
Key people
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Bob Brockman, Chairman and CEO |
Products | Automotive retailer forms, software and services |
Number of employees
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4,500 |
Website | www.reyrey.com |
The Reynolds and Reynolds Company is a private corporation based in Dayton, Ohio. Its primary business is providing business forms, management software and professional services to car dealerships. Its software is used to manage sales logistics at dealerships. It also produces forms used in medicine and insurance.
Reynolds and Reynolds was founded in 1866 as a printer of standardized business forms. It began developing and marketing digital products in the 1960s. This was followed by a major down-sizing of the printing division and subsequent advancements in its software products. By the 1980s, Reynolds and Reynolds had won contracts with all of the Big Three automotive manufacturers, as well as some insurance businesses. The company went public in 1961, but was re-formed as a private company in 2006, when it was merged with Universal Computer Systems, resulting in a culture clash between the two companies.
Reynolds and Reynolds was founded by Lucius Reynolds and his brother-in-law, James Gardner, in June 1866 in Dayton, Ohio. It was a small printing shop founded with $500 in capital and originally named Reynolds and Gardner. It made standardized business documents using carbon copy paper. A year after Reynolds was founded, James sold his interest in the company to co-founder Lucius' father, Ira Reynolds, and the company was renamed to its current namesake, Reynolds and Reynolds. Co-owners Ira and Lucius died in 1880 and 1913 respectively. The youngest of the Reynolds family, Edwin Stanton Reynolds, took over.
In 1927, Reynolds and Reynolds won a contract to provide all of the business forms for Chevrolet dealerships. The company opened new offices throughout the U.S. in the 1930s, and had 19 sales offices by the end of the decade. A controlling interest in the company was acquired in 1939 by Senior Richard Hallam Grant, ending the Reynolds family ownership. He became the company's president in 1941. A new printing facility was built in 1948 in Celina, Ohio, and another in 1953 in Dallas, Texas, in addition to the one built in Los Angeles in 1928. Reynolds became a public company in 1961. In the 1960s, Reynolds opened new printing facilities in North Hollywood, Los Angeles,New Jersey and Canada. In 1963, Reynolds expanded into Canada through the acquisition of the automotive business unit of Windsor Office Supply, forming Reynolds and Reynolds (Canada) Ltd. By the end of the decade it had about $50 million in revenues.