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LastPass Announces Partnership with TD SYNNEX

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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.

LastPass ha annunciato una partnership strategica con TD SYNNEX, un distributore globale di IT, per semplificare il processo di acquisto per i rivenditori IT e i fornitori di servizi gestiti (MSP) in Nord America. Questa collaborazione consente un accesso più semplice alle soluzioni di gestione delle password e delle identità di LastPass attraverso la rete di distribuzione di TD SYNNEX.

La partnership ha l'obiettivo di semplificare l'implementazione delle soluzioni di gestione delle credenziali sicure, permettendo ai partner di configurare le licenze di LastPass per i clienti in poche ore. I clienti di TD SYNNEX possono anche accedere alle risorse di supporto e marketing di LastPass.

LastPass ha anunciado una asociación estratégica con TD SYNNEX, un distribuidor global de TI, para agilizar el proceso de compra para revendedores de TI y proveedores de servicios gestionados (MSP) en América del Norte. La colaboración permite un acceso más fácil a las soluciones de gestión de contraseñas e identidades de LastPass a través de la red de distribución de TD SYNNEX.

La asociación tiene como objetivo simplificar la implementación de soluciones de gestión de credenciales seguras, lo que permite a los socios configurar licencias de LastPass para los clientes en cuestión de horas. Los clientes de TD SYNNEX también pueden acceder a los recursos de habilitación y marketing de LastPass.

LastPass는 북미의 IT 리셀러와 관리 서비스 제공업체(MSP)를 위한 구매 프로세스를 간소화하기 위해 글로벌 IT 유통업체인 TD SYNNEX와 전략적 파트너십을 체결했다고 발표했습니다. 이번 협력은 TD SYNNEX의 유통 네트워크를 통해 LastPass의 비밀번호 및 신원 관리 솔루션에 더 쉽게 접근할 수 있도록 합니다.

파트너십의 목표는 안전한 자격 증명 관리 솔루션의 배포를 단순화하여, 파트너들이 고객을 위해 LastPass 라이선스를 몇 시간 내에 설정할 수 있도록 하는 것입니다. TD SYNNEX 고객은 LastPass의 지원 및 마케팅 리소스에 접근할 수도 있습니다.

LastPass a annoncé un partenariat stratégique avec TD SYNNEX, un distributeur informatique mondial, pour rationaliser le processus d'achat pour les revendeurs informatiques et les fournisseurs de services gérés (MSP) en Amérique du Nord. Cette collaboration permet un accès facilité aux solutions de gestion des mots de passe et des identités de LastPass via le réseau de distribution de TD SYNNEX.

Le partenariat vise à simplifier le déploiement de solutions de gestion sécurisée des identifiants, permettant ainsi aux partenaires de configurer des licences LastPass pour leurs clients en quelques heures. Les clients de TD SYNNEX peuvent également accéder aux ressources d'activation et de marketing de LastPass.

LastPass hat eine strategische Partnerschaft mit TD SYNNEX, einem globalen IT-Distributor, angekündigt, um den Einkaufsprozess für IT-Reseller und Managed Service Provider (MSPs) in Nordamerika zu optimieren. Diese Zusammenarbeit ermöglicht einen einfacheren Zugang zu den Passwort- und Identitätsmanagementlösungen von LastPass über das Vertriebsnetz von TD SYNNEX.

Das Ziel der Partnerschaft ist es, die Implementierung von sicheren Credential-Management-Lösungen zu vereinfachen, sodass Partner innerhalb weniger Stunden LastPass-Lizenzen für ihre Kunden einrichten können. Kunden von TD SYNNEX haben zudem Zugang zu den Ressourcen von LastPass zur Unterstützung und Vermarktung.

Positive
  • Streamlined distribution channel through TD SYNNEX's network
  • Faster deployment capabilities for LastPass licenses
  • Enhanced market access in North America
Negative
  • None.

Insights

This partnership between LastPass and TD SYNNEX represents a significant distribution expansion for password management solutions, but has minimal direct financial impact on TD SYNNEX's bottom line. While it enhances their cybersecurity portfolio offering, the revenue contribution from LastPass licenses will likely be marginal relative to TD SYNNEX's $62.3B annual revenue.

The deal primarily streamlines operational efficiency for resellers and MSPs within TD SYNNEX's network, potentially leading to incremental growth in their security solutions segment. However, password management solutions typically generate relatively modest margins compared to hardware or enterprise software deals.

For investors, this represents a positive but minor development in TD SYNNEX's broader strategy to expand their security offerings portfolio. The real value lies in strengthening their competitive position as a one-stop solutions aggregator rather than immediate revenue impact.

Ensuring password security and effortless access to credentials across customer IT ecosystem

BOSTON--(BUSINESS WIRE)-- LastPass, a leader in password and identity management solutions, today announced a strategic partnership with TD SYNNEX, a leading global distributor and solutions aggregator for the IT ecosystem. This partnership simplifies the purchasing process for IT resellers and managed service providers (MSPs) in North America by offering streamlined access to LastPass’ solutions through TD SYNNEX’s trusted distribution network.

With growing concerns around cybersecurity and identity protection, the ability to offer trusted, easy-to-implement credential management solutions is a key differentiator. This collaboration offers resellers and MSPs a more streamlined path to delivering secure, reliable password and identity management solutions to their clients. By simplifying and optimizing the purchasing process, resellers and MSPs can more effectively meet the rising demand for a secure, seamless user experience for partners and their user base.

“By teaming up with TD SYNNEX, we’re delivering an elevated partner experience designed to help ensure that partners’ customers can confidently manage their credentials anytime, anywhere, without compromising on privacy or protection,” said Jessica Couto, VP of Global Channels and Alliances for LastPass.

"TD SYNNEX is committed to uniting IT solutions that deliver business outcomes today and unlock growth for the future," said Cheryl Day, SVP, New Vendor Acquisition and Global Solutions at TD SYNNEX. "With LastPass added to our comprehensive portfolio of vendor partners, we're able to enrich the breadth and depth of our offerings so customers can keep their sensitive data protected."

TD SYNNEX customers, partners, resellers and MSPs can set up and deploy LastPass licenses for their customers in a matter of hours. Additionally, TD SYNNEX customers can leverage LastPass’ enablement and marketing collateral. To learn more about the benefits of the partnership read our blog.

About LastPass

LastPass is a leader in identity and password manager space, making it easier to log in to life and work. Trusted by 100,000 businesses and millions of users, LastPass combines advanced security with effortless access for individuals, families, small business owners, and enterprise professionals. With LastPass, important credentials are protected and private – and always within reach. Learn more via www.lastpass.com and follow us on LinkedIn, X, Instagram, and Facebook.

About TD SYNNEX

TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the IT ecosystem. We’re an innovative partner helping more than 150,000 customers in 100+ countries to maximize the value of technology investments, demonstrate business outcomes and unlock growth opportunities. Headquartered in Clearwater, Florida, and Fremont, California, TD SYNNEX’s 23,000 co-workers are dedicated to uniting compelling IT products, services and solutions from 2,500+ best-in-class technology vendors. Our edge-to-cloud portfolio is anchored in some of the highest-growth technology segments including cloud, cybersecurity, big data/analytics, AI, IoT, mobility and everything as a service. TD SYNNEX is committed to serving customers and communities, and we believe we can have a positive impact on our people and our planet, intentionally acting as a respected corporate citizen. We aspire to be a diverse and inclusive employer of choice for talent across the IT ecosystem. For more information, visit www.TDSYNNEX.com or follow us on LinkedIn, Facebook and Instagram.

Copyright 2024 TD SYNNEX Corporation. All rights reserved. TD SYNNEX, the TD SYNNEX Logo, and all other TD SYNNEX company, product and services names and slogans are trademarks of TD SYNNEX Corporation. Other names and trademarks are the property of their respective owners.

Media:

Press@LastPass.com

Source: LastPass

FAQ

What is the new partnership between LastPass and TD SYNNEX (SNX)?

LastPass has partnered with TD SYNNEX to streamline the distribution of their password and identity management solutions to IT resellers and MSPs in North America through TD SYNNEX's distribution network.

How long does it take to deploy LastPass licenses through TD SYNNEX (SNX)?

According to the announcement, TD SYNNEX customers, partners, resellers and MSPs can set up and deploy LastPass licenses for their customers in a matter of hours.

What benefits do TD SYNNEX (SNX) customers get from the LastPass partnership?

TD SYNNEX customers receive streamlined access to LastPass solutions, faster deployment capabilities, and access to LastPass' enablement and marketing collateral.

TD SYNNEX Corporation

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