tech data synnex new name

It also offers a broad range of technical and business support services. The new company will be led by Rich Hume as CEO.

Edi Transactions With Synnex International Computing Inc

Sergio Farache is Chief Strategy Officer for TD SYNNEX.

. There is no word yet about whether HQ will remain with. In that role he provided dedicated global leadership for the companys overall strategy Innovation and Tech Datas most strategic next-generation technology business. Synnex and Tech Data expect to close their 72 billion distribution merger on or about September 1 Synnex says.

Clearwater-based technology distribution company Tech Data the largest company headquartered in the Tampa-St. Sergio Farache is Chief Strategy Officer for TD SYNNEX. Synnex Tech Data Complete Merger Td Synnex Emerges Channele2e February 18 2022 Edit.

Tech Data Corporation commonly referred to as Tech Data is an American multinational distribution company specializing in IT products and services headquartered in Clearwater Florida as of 2021. Will this mean higher prices with one competitor out of the way. The combined business will continue trading under the Synnex symbol SNX.

The combined company will now be known as TD Synnex and. RTTNews - SYNNEX Corporation SNX and Tech Data Corporation on Wednesday said they completed their merger to form TD SYNNEX SNX. SNX and Tech Data today announced they have entered into a definitive merger agreement under which SYNNEX and Tech Data will combine in a transaction valued at approximately 72 billion including net debt.

SynnexTech Data will have combined revenue of 60 billion coming in nearly 11 billion larger than Irvine Calif-based Ingram Micro which had. Synnex And Tech Data Complete Merger To Become Td Synnex A Leading Global Distributor And Solutions Aggregator For The It Ecosystem Tech Data Rebrands As Td Synnex Uc Today Maverick Owner Tech Data Completes Merger With Synnex Tech Data And Synnex Ceos Open Up On Rationale For 7 2bn Union Synnex Corp Purchases Tech Data Creating A 57 Billion. SYNNEX Japan Corporation Head Office.

The new name is TD SYNNEX led by Rich Hume as CEO. In that role he provided dedicated global leadership for the companys overall strategy Innovation and Tech Datas most strategic next-generation technology business. Ingram Micro the combined distributor will have a team of 22000 employees and an estimated 57 billion in pro forma revenues annually.

The combined Synnex-Tech Data merger is predicted to. Private equity firm Apollo Global Management will own roughly 45 percent of the combined business which blends traditional technology distribution with cloud marketplaces for channel partners. Announced in March the Synnex-Tech Data deal was originally valued at 72 billion based on Synnexs stock price at the.

Tech Data will become TD SYNNEX in the global sense and in the Americas but its original name will be kept in Europe and the Asia-Pacific region for the time being as SYNNEX did not have much of. The company name change follows the September 2021 merger of SYNNEX Corporation and Tech Data. Dennis Polk formerly the CEO of SYNNEX is Executive Chair of the TD SYNNEX Board of Directors.

Pete area has completed its 83 billion merger with Synnex Corp. FREMONT CA and CLEARWATER FL March 22 2021 SYNNEX Corporation NYSE. Synnex and Tech Data is a Done Deal.

Global distributor of technology products services and solutions. Establishes Premier Growth Platform with Best-in-Class Capabilities and Offerings. 25 Accretive to SYNNEX Non-GAAP.

However theres possibility that this could change in the upcoming year due to their merger with their competitor Synnex. Apollo Global will invest 500M in Tech Data prior to the close of the. SYNNEX to Combine with Tech Data Creating a Leading Global IT Distributor.

By Joe Panettieri Aug 27 2021. Synnex and Tech Data will create the worlds largest IT distributor through their 72 billion merger coming in nearly 10 billion larger than Irvine Calif-based Ingram Micro which had 472. Mr Farache previously served as Tech Data Executive Vice President Strategy and NextGen Cloud Security Data IoT.

Were an innovative partner helping more than 150000 customers in 100 countries to maximize the value of technology investments demonstrate business outcomes and unlock growth opportunities. Synnex-Tech Data Merger to Benefit Customers Synnexs Bob Stegner Back when the Synnex-Tech Data merger was announced Bob Stegner Synnexs senior vice president of marketing for North America said the merger is going to make it easier for the customers to do business because Tech Data has some vendor lines that we dont have and vice versa. RTTNews - SYNNEX Corporation SNX and Tech Data Corporation on Wednesday said they completed their merger to form TD SYNNEX SNX.

The new name is TD SYNNEX led by Rich Hume as CEO. Announced in March the Synnex-Tech Data deal was originally valued at 72 billion based on Synnexs stock price at the. Apollo Global its owner 44M in shares and 161B in cash.

The combined company will go by the name of TD Synnex and will be led by Tech Data CEO Rich Hume with former Synnex boss Dennis Polk becoming executive chairman of the board of directors. SNX is a leading global distributor and solutions aggregator for the IT ecosystem. Has agreed to acquire Clearwater-based Tech Data in a deal valued at more than 7 billion.

Tech Data is a TD SYNNEX company. SNX and Tech Data today announced they have entered into a definitive merger agreement under which SYNNEX and Tech Data will combine in a transaction valued at approximately 72 billion including net debt. Hereinafter SYNNEX Japan has as of January 1 2022 changed its company name to TD SYNNEX Kabushiki Kaisha hereinafter TD SYNNEX KK.

The terms of this deal are that Synnex will pay Tech Data ie. Mr Farache previously served as Tech Data Executive Vice President Strategy and NextGen Cloud Security Data IoT. Currently Tech Data is merging with Synnex in a technology distribution deal worth 72 billion.

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