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TD SYNNEX Corporation (NASDAQ: SNX) is a prominent global player in IT distribution and business services. Established in 1980, the company has evolved into a $10.4 billion giant with over 53,000 associates worldwide. Recognized for its excellence, TD SYNNEX was ranked No. 260 on the Fortune 500 list in 2014.
The company's primary operations are divided into two key segments: Technology Solutions and Global Business Services. In the Technology Solutions segment, TD SYNNEX collaborates with over 300 leading technology manufacturers, facilitating the distribution of their products through a network of more than 20,000 value-added resellers, primarily in North America. Key product categories include IT systems, peripherals, system components, software, networking, and consumer electronics. Esteemed vendor partners include HP, Intel, Panasonic, Microsoft, Lenovo, Seagate, among others.
TD SYNNEX also excels in providing comprehensive business process outsourcing services. These services encompass technical support, renewals management, demand generation, direct sales, customer service, back-office processing, and IT outsourcing. These offerings position TD SYNNEX as a vital partner for many companies looking to streamline their operations and enhance efficiency.
The company's geographical segments cover the Americas, Europe, and APJ (Asia-Pacific and Japan), ensuring a widespread market presence and the capability to serve a diverse client base.
Recent Achievements and Projects
- TD SYNNEX continues to innovate in the IT ecosystem, aggregating and distributing hardware, software, and systems including personal computing devices, mobile phones, printers, server and datacenter infrastructure, hybrid cloud solutions, security, networking, communications, and storage solutions.
- The company has maintained strong partnerships and expanded its product offerings to meet evolving market demands.
- Ongoing projects emphasize the enhancement of their IT distribution channels and the expansion of their global business services portfolio.
TD SYNNEX's commitment to excellence and innovation makes it a pivotal entity in the IT and business services sectors, with a significant impact on the market and a promising outlook for future growth.
TD SYNNEX (NYSE: SNX) has appointed Kristie Grinnell as Executive Vice President and Chief Information Officer, effective January 20, 2025. Grinnell, who joins from DXC Technology where she served as CIO managing over 1,500 employees, succeeds Bonnie Smith, who is retiring. At DXC, Grinnell drove significant advancements in technology and business integration. Previously, she served as Global CIO and Chief Supply Chain Officer at General Dynamics Information Technology.
Grinnell, who holds a BS in Mechanical Engineering from the University of Pittsburgh and an MBA from Cornell University, will be based in the TD SYNNEX Clearwater office. She is known for her advocacy for women in STEM through organizations like Girls Who Code and STEMforHER.
TD SYNNEX (NYSE: SNX) has scheduled its fiscal 2024 fourth quarter and full year financial results announcement for January 9, 2025, before the U.S. market opens. The company will host a conference call at 6:00 a.m. PT / 9:00 a.m. ET on the same day to discuss the results. Investors can access the earnings press release and live audio webcast through ir.tdsynnex.com, with a replay available after the call.
TD SYNNEX (NYSE: SNX) has been awarded the 2024 AWS Distributor Partner of the Year award for North America, highlighting its significant contributions in revenue and AWS partner reach. The company was also named a finalist for AWS Distributor Partner of the Year (Global) and AWS Training Partner of the Year (LATAM).
The company supports AWS partners through its global cloud platform, StreamOne®, offering end-to-end management and AWS Marketplace procurement options. TD SYNNEX holds multiple AWS specializations, including Migration and Modernization, Education and Government Consulting, Cloud Operations Software competencies, and several AWS service delivery validations.
TD SYNNEX (NYSE: SNX) has completed the acquisition of IPsense's cloud migration business in Brazil. The acquisition aims to establish a new cloud competency center in Brazil, strengthening TD SYNNEX's position in the region's digital transformation landscape.
The deal integrates IPsense's cloud migration business, which specializes in AWS solutions, into TD SYNNEX's two-tier distribution model. This integration will promote partner-to-partner projects and collaboration, enabling customers to leverage shared expertise for mutual growth.
The acquisition is part of TD SYNNEX's strategy to enhance its cloud service capabilities and support channel partners in migrating customer workloads to the cloud, with plans for broader regional expansion in the future.
Maxar Intelligence has announced a strategic partnership with TD SYNNEX, a global IT ecosystem distributor, to expand access to its satellite imagery and geospatial insights through TD SYNNEX's marketplace. Maxar, which operates the most advanced commercial Earth observation constellation, provides high-resolution satellite imagery and AI-powered solutions, maintaining a 125-plus petabyte imagery archive.
The partnership will enable TD SYNNEX to offer customers access to Maxar's advanced 2D and 3D geospatial content products, including global basemaps and a 3D digital twin of Earth. As the first satellite imagery provider in TD SYNNEX's network, the service is expected to launch at the beginning of 2025.
LastPass has announced a strategic partnership with TD SYNNEX, a global IT distributor, to streamline the purchasing process for IT resellers and managed service providers (MSPs) in North America. The collaboration enables easier access to LastPass' password and identity management solutions through TD SYNNEX's distribution network.
The partnership aims to simplify deployment of secure credential management solutions, allowing partners to set up LastPass licenses for customers within hours. TD SYNNEX customers can also access LastPass' enablement and marketing resources.
TD SYNNEX has released its North American results from the third-annual Direction of Technology Report, highlighting strong AI adoption and hardware investment trends among channel partners. The report reveals that 86% of North American partners successfully closed AI deals in the past year, surpassing the global average of 77%. Partners are increasingly focusing on hardware, with 60% expecting hardware resale growth in the next three years. Key challenges identified include increasing competition, margin pressures, and internal digital transformation. The report emphasizes collaboration as important for future success, with organic growth (44%) and channel engagement (42%) being the top growth strategies.
TD SYNNEX (NYSE: SNX) announces significant enhancements to its StreamOne® global cloud platform, introducing new commerce and security capabilities. The platform now features PSA Connectors and Commerce APIs that enable headless commerce and seamless integration with Professional Services Automation software. Key improvements include real-time IaaS consumption reporting, white-label storefronts, and marketplace syndication capabilities. TD SYNNEX is also piloting a Security Operations (SecOps) solution for Azure security management, with full availability planned for 2025. The platform currently serves over 30,000 partners globally.
TD SYNNEX (NYSE: SNX) has appointed Tanuj Raja as Senior Vice President of North America Hyperscaler and Marketplace. Raja, formerly from Google, brings expertise in marketplace strategies and digital transformation. The company reports significant growth in its digital platforms, with over 8,000 North American resellers using their StreamOne platform for cloud transactions. The platform has seen its catalog triple in size over the past year, and third-party software sales through private offers have increased by 500% year-over-year from 2023 to 2024. More than 500 resellers have integrated StreamOne with primary PSA platforms like ConnectWise and Autotask.
TD SYNNEX (NYSE: SNX) has secured an exclusive distribution agreement with IBM across 23 Caribbean countries. The partnership transitions IBM Business Partners from a Tier-1 direct sales model to a Tier-2 indirect model through TD SYNNEX. Partners will gain access to IBM's products and solutions, technical expertise, enablement programs, and the benefits of IBM's Partner Plus program. The agreement initially covers IBM Infrastructure partners and will later expand to include Software partners. TD SYNNEX will provide Caribbean partners with resources including its Center of Excellence in Brazil and region-based IBM support team.
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