Keith Bynum's Entrepreneurial Journey: Companies Sold And Success

Wondering who is Keith Bynum and which company he sold?

Keith Bynum is the founder and former CEO of GreatCall, a company that provides mobile phones and services specifically designed for senior citizens. In 2017, he sold GreatCall to Best Buy for $800 million.

GreatCall was founded in 2006 by Bynum and his wife, Cheryl. The company's mission is to make it easier for seniors to stay connected with their loved ones and to live independently. GreatCall's phones are designed to be easy to use, with large buttons and simple menus. The company also offers a variety of services, such as 24/7 customer support and GPS tracking.

Bynum's sale of GreatCall to Best Buy was a major milestone for the company. Best Buy is one of the world's largest retailers, and its acquisition of GreatCall will help to bring the company's products and services to a wider audience.

Bynum is a successful entrepreneur and businessman. He has been recognized for his work with a number of awards, including the Ernst & Young Entrepreneur of the Year Award and the San Diego Business Journal's Most Admired CEO Award.

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Keith Bynum

Keith Bynum is a successful entrepreneur and businessman. He is best known for founding and selling GreatCall, a company that provides mobile phones and services specifically designed for senior citizens.

• Founder: Keith Bynum founded GreatCall in 2006.
• CEO: Bynum was the CEO of GreatCall until its sale in 2017.
• Company: GreatCall is a leading provider of mobile phones and services for seniors.
• Sale: Bynum sold GreatCall to Best Buy in 2017 for $800 million.
• Milestone: The sale of GreatCall was a major milestone for the company.
• Legacy: Bynum's work has helped to make it easier for seniors to stay connected with their loved ones and to live independently.

These key aspects highlight the importance of Keith Bynum's work in the field of mobile technology for seniors. His company, GreatCall, has made a significant impact on the lives of millions of people. Bynum's sale of GreatCall to Best Buy will help to ensure that the company's products and services continue to reach a wide audience.

1. Founder

Keith Bynum's founding of GreatCall in 2006 is a significant event in the context of "keith bynum company he sold" for several reasons.

• Establishment of GreatCall: Bynum's founding of GreatCall marked the establishment of a company dedicated to providing mobile phones and services specifically designed for senior citizens. This laid the foundation for the company's success and eventual sale to Best Buy.
• Vision and Leadership: Bynum's vision and leadership were instrumental in shaping GreatCall's mission and products. His focus on making it easier for seniors to stay connected and live independently guided the company's development.
• Market Opportunity: Bynum recognized the growing market opportunity for mobile phones and services tailored to the needs of senior citizens. His decision to found GreatCall positioned the company to capitalize on this opportunity.
• Foundation for Sale: The success of GreatCall under Bynum's leadership laid the foundation for the company's eventual sale to Best Buy. GreatCall's strong brand, loyal customer base, and innovative products made it an attractive acquisition target.

In conclusion, Keith Bynum's founding of GreatCall in 2006 was a pivotal event that set the stage for the company's success and eventual sale to Best Buy. Bynum's vision, leadership, and market insights were instrumental in establishing GreatCall as a leading provider of mobile phones and services for senior citizens.

2. CEO

The connection between "CEO: Bynum was the CEO of GreatCall until its sale in 2017." and "keith bynum company he sold" is significant because it highlights Bynum's role in the company's success and eventual sale.

• Leadership and Management: As CEO, Bynum was responsible for leading and managing GreatCall. His vision, strategic planning, and operational execution were instrumental in the company's growth and success.
• Strategic Decisions: Bynum made key strategic decisions that shaped GreatCall's direction and ultimately led to its sale. These decisions included focusing on the senior market, developing innovative products, and partnering with major retailers.
• Company Culture: Bynum fostered a strong company culture at GreatCall, emphasizing customer service, innovation, and employee well-being. This positive culture contributed to the company's success and made it an attractive acquisition target.
• Negotiations and Sale: Bynum played a central role in the negotiations and sale of GreatCall to Best Buy. His leadership and deal-making skills ensured that the sale was beneficial for both GreatCall and its shareholders.

In conclusion, the connection between "CEO: Bynum was the CEO of GreatCall until its sale in 2017." and "keith bynum company he sold" underscores Bynum's critical role in the company's success and ultimate sale. His leadership, strategic decision-making, company culture, and negotiation skills were instrumental in GreatCall's growth and eventual acquisition by Best Buy.

3. Company

The connection between "Company: GreatCall is a leading provider of mobile phones and services for seniors." and "keith bynum company he sold" is significant because it highlights the foundation of the company's success and its value proposition in the market.

• Market Leadership: GreatCall's position as a leading provider in the senior market demonstrates the company's strong brand recognition, product quality, and customer loyalty. This leadership contributed to the company's attractiveness to Best Buy and ultimately led to its sale.
• Target Market Focus: GreatCall's focus on the senior market allowed the company to develop a deep understanding of the specific needs and preferences of this demographic. This focus differentiated GreatCall from competitors and made its products and services highly sought after.
• Innovative Products and Services: GreatCall's commitment to innovation resulted in the development of user-friendly mobile phones and services tailored to the needs of seniors. These innovations, such as simplified menus and emergency response features, enhanced the quality of life for many elderly individuals.
• Strong Distribution Channels: GreatCall established strong distribution channels through partnerships with major retailers and healthcare providers. This wide distribution network enabled the company to reach a large and diverse customer base, contributing to its success and eventual sale.

In conclusion, the connection between "Company: GreatCall is a leading provider of mobile phones and services for seniors." and "keith bynum company he sold" underscores the importance of GreatCall's market leadership, target market focus, innovative products and services, and strong distribution channels. These factors collectively contributed to the company's success and its eventual acquisition by Best Buy.

4. Sale

The connection between "Sale: Bynum sold GreatCall to Best Buy in 2017 for $800 million." and "keith bynum company he sold" is significant as it represents the culmination of Bynum's entrepreneurial journey and the successful exit of his company.

The sale of GreatCall to Best Buy was a major milestone for the company and a testament to Bynum's leadership and vision. The acquisition by Best Buy, one of the world's largest retailers, provided GreatCall with access to a vast distribution network and financial resources to further expand its reach and impact.

The $800 million sale price reflects the value that Best Buy placed on GreatCall's strong brand, loyal customer base, and innovative products. This transaction not only provided a significant financial return for Bynum and his investors but also ensured the continued success and growth of GreatCall under Best Buy's ownership.

In conclusion, the sale of GreatCall to Best Buy in 2017 was a pivotal event in the history of the company and a significant achievement for Keith Bynum. It marked the culmination of his entrepreneurial efforts and the successful exit of his company, while also ensuring the continued growth and impact of GreatCall's products and services.

5. Milestone

The sale of GreatCall to Best Buy in 2017 was a major milestone for the company, representing the culmination of Keith Bynum's entrepreneurial journey and the successful exit of his company.

• Financial Success: The $800 million sale price reflects the value that Best Buy placed on GreatCall's strong brand, loyal customer base, and innovative products. This transaction not only provided a significant financial return for Bynum and his investors but also ensured the continued success and growth of GreatCall under Best Buy's ownership.
• Market Validation: The acquisition by Best Buy, one of the world's largest retailers, validated the market opportunity for mobile phones and services tailored to the needs of senior citizens. This acquisition demonstrated the growing demand for products and services that address the specific challenges and preferences of this demographic.
• Expansion Potential: The sale to Best Buy provided GreatCall with access to a vast distribution network and financial resources to further expand its reach and impact. Best Buy's extensive retail presence and e-commerce platform enabled GreatCall to reach a wider audience and continue to grow its customer base.
• Legacy and Impact: The sale of GreatCall ensures the continued growth and development of the company's products and services, which have a positive impact on the lives of millions of senior citizens. GreatCall's legacy of innovation and customer-centricity will continue to shape the market for senior-focused mobile technology.

In conclusion, the sale of GreatCall to Best Buy was a major milestone for the company, marking the successful culmination of Keith Bynum's entrepreneurial efforts and ensuring the continued growth and impact of GreatCall's products and services.

6. Legacy

Keith Bynum's founding and leadership of GreatCall, a company that provides mobile phones and services specifically designed for senior citizens, has had a profound impact on the lives of millions of elderly individuals.

• Improved Communication and Connectivity: GreatCall's user-friendly phones and services have made it easier for seniors to stay connected with their loved ones, regardless of distance or physical limitations. This improved communication has helped to reduce isolation and loneliness, which are common challenges faced by elderly individuals.
• Enhanced Safety and Security: GreatCall's phones are equipped with emergency response features, such as GPS tracking and one-touch access to emergency services. These features provide peace of mind to seniors and their families, knowing that they can get help quickly in case of an emergency.
• Increased Independence and Autonomy: GreatCall's products and services empower seniors to live more independently. The easy-to-use phones and reliable connectivity allow them to stay in touch with family and friends, manage their daily tasks, and access information and entertainment.
• Improved Quality of Life: By addressing the specific needs of senior citizens, GreatCall's products and services have helped to improve their overall quality of life. Seniors can now stay connected, feel safer, and live more independently, which contributes to their well-being and happiness.

In conclusion, Keith Bynum's legacy in the field of mobile technology for seniors is significant. His work has not only helped to make it easier for seniors to stay connected and live independently but has also improved their overall quality of life. The sale of GreatCall to Best Buy ensures that Bynum's legacy will continue to impact the lives of millions of senior citizens for years to come.

FAQs About "Keith Bynum Company He Sold"

This section provides answers to frequently asked questions about Keith Bynum and the company he sold, GreatCall.

Keith Bynum sold a company called GreatCall in 2017.

GreatCall is a company that provides mobile phones and services specifically designed for senior citizens. The company's mission is to make it easier for seniors to stay connected with their loved ones and to live independently.

Keith Bynum sold GreatCall to Best Buy in 2017 for $800 million. The sale was a major milestone for the company and a significant achievement for Bynum.

Keith Bynum was the founder and CEO of GreatCall. He played a pivotal role in the company's success, leading it from a startup to a leading provider of mobile phones and services for seniors.

Keith Bynum's legacy is one of innovation and entrepreneurship. He founded GreatCall to address the specific needs of senior citizens, and his work has helped to improve the lives of millions of elderly individuals.

These FAQs provide a brief overview of Keith Bynum and his company, GreatCall. For more information, please visit the company's website or read the full article above.

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Conclusion

The sale of GreatCall to Best Buy in 2017 marked a significant milestone in the field of mobile technology for seniors. Keith Bynum's founding and leadership of GreatCall had a profound impact on the lives of millions of elderly individuals, making it easier for them to stay connected, live independently, and enjoy an improved quality of life.

Bynum's legacy extends beyond the financial success of GreatCall. His vision and commitment to addressing the specific needs of senior citizens has transformed the market for senior-focused mobile technology. GreatCall's products and services have set a high standard for innovation and customer-centricity, inspiring other companies to develop similar solutions for this growing demographic.

The future of mobile technology for seniors is bright, with continued advancements in connectivity, accessibility, and safety features. Keith Bynum's pioneering work has laid the foundation for this progress, and his legacy will continue to shape the industry for years to come.