Welcome to our dedicated page for TD SYNNEX Corporation news (Ticker: SNX), a resource for investors and traders seeking the latest updates and insights on TD SYNNEX Corporation stock.
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) is expanding its partnership with Google Cloud to nearly 60 additional countries across Latin America, Europe, and Asia. This expansion follows an earlier rollout that included the United States, Canada, UK, Ireland, and France. The initiative aims to enhance access to cloud solutions and services, addressing the digital transformation needs of businesses. TD SYNNEX offers various resources to support organizations in building cloud practices and adapting to Google Cloud technologies.
TD SYNNEX has achieved significant milestones by adding the AWS Government and Education Competencies, alongside memberships in the AWS Managed Services and GovCloud Service Delivery Programs. This achievement enhances its position as a key AWS distributor, positioning the company to drive growth with public sector clients. The strategic collaboration with AWS, initiated in January 2022, is enabling TD SYNNEX to expand its digital offerings for small and medium enterprises effectively. Their focus on optimizing technology investments is set to strengthen their market presence.
TD SYNNEX has released its inaugural Ecosystem Benchmark Report, revealing insights from North American technology leaders. Key findings indicate that nearly 75% expect to increase revenue from professional services, while over half plan to invest in next-gen technologies. Despite a projected $800 billion global metaverse market, only 12% plan to offer AR/VR solutions within two years. Additionally, 90% anticipate adopting as-a-service models by 2024. Conducted with Canalys, the report emphasizes expanding technology offerings and the importance of ecosystem collaboration.
TD SYNNEX (NYSE: SNX) has expanded its partnership with Google Cloud to enhance digital transformations in the U.S. public sector. The collaboration introduces key solutions including Google Workspace, BigQuery, and cybersecurity offerings aimed at improving operations and analytics for public sector organizations. This move is expected to open new opportunities and strengthen TD SYNNEX’s presence in this crucial market. The expansion reflects a commitment to support public sector missions through innovative technology solutions.
Hyve Solutions Corporation, a subsidiary of TD SYNNEX (NYSE: SNX), announced the launch of systems featuring 4th Gen AMD EPYC processors, enhancing performance and energy efficiency. The new processors boast up to 50% more memory channels, PCIe Gen 5 support, and are designed for hyperscale workloads. Jay Shenoy, VP of Technology, highlighted the focus on delivering cutting-edge solutions, while AMD emphasizes high performance and low total cost of ownership. This collaboration aims to optimize data centers for better performance and environmental goals.
Zettaset has achieved FIPS 140-2 certification, validating its data protection solutions for federal agencies. This certification supports Zettaset's strategy in the federal sector and enhances cybersecurity deployments through a partnership with TD SYNNEX Public Sector. The collaboration focuses on providing a one-click compliance solution to U.S. government organizations, aligning with the Biden Administration's cybersecurity initiatives. Zettaset's XCrypt solution enables secure data protection in hybrid cloud environments, allowing public sector organizations to comply with data regulations.
TD SYNNEX (NYSE: SNX) has launched Data-IoTSolv, a new solution set aimed at enhancing business growth through data analytics and IoT. This initiative expands TD SYNNEX's investment in high-growth technologies, providing resellers with essential tools across the IoT edge continuum and AI. The program supports resellers in their digital transformation journeys with resources aligned with four key pillars: Foundation, Modernization, Insight-Driven, and Data-Driven.
With over 150,000 customers, TD SYNNEX continues to empower partners by addressing complex business challenges efficiently.
TD SYNNEX has officially adopted its brand in Europe, Latin America, and the Caribbean following the merger of Tech Data and SYNNEX Corporation in 2021. This transition positions TD SYNNEX to better serve partners in over 100 countries. CEO Rich Hume emphasized the commitment to delivering enhanced value through a comprehensive technology portfolio and dedicated workforce. Additionally, the company aims to strengthen its reputation as a responsible corporate citizen, focusing on diversity, inclusion, and sustainability while maintaining its operations in the Asia Pacific region as Tech Data.
TD SYNNEX has rebranded its Global Lifecycle Management (GLM) division as Shyft Global Services, aiming to enhance technology companies' business transformation through specialized IT services. Employing over 1,500 experts, Shyft focuses on end-to-end product and customer lifecycle management, serving clients in over 100 countries. President John O’Shea emphasized the company's commitment to innovation and simplifying the transformation journey for clients facing budget and operational challenges.
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