Transformation Transaction

Tech Data said this is a “transformational transaction” for it, Synnex and the entire technology ecosystem.

“Synnex and Tech Data have proven track records, and together, we will be well positioned to expand strategic partnerships around the globe, invest and grow in next-generation technology initiatives, and set the industry standard in anticipating and responding to channel partner needs,” the company said. “We both share values-driven corporate cultures, and with our combined workforce, we will build on our ongoing transformation efforts, and realize our ambition to provide our channel partners with unparalleled reach, efficiency and expertise.”

Next-generation technology initiatives include cybersecurity, cloud, data and IoT, and everything as a service (XaaS).