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TD SYNNEX Corporation - SNX STOCK NEWS

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.

Rhea-AI Summary

TD SYNNEX Corporation announced the launch of global security, data, and IoT market-ready solutions available on the StreamOne™ platform on December 1, 2021. The new Click-to-Run™ offerings aim to enhance customer speed to market while simplifying the deployment of advanced technology through the cloud. Initial solutions include endpoint security and IoT options from renowned partners like Microsoft, Veeam, and VMware. The initiative reflects extensive collaboration with partners, aiming to unlock growth opportunities for channel partners across various sectors.

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TD SYNNEX has appointed Sammy Kinlaw as senior vice president of Sales Communities in North America. Kinlaw will oversee the Varnex, Tech Select, and Stellr communities, aimed at small to medium-sized businesses, advanced solutions, and managed service providers, respectively. His leadership is expected to foster growth above market trends, enhancing member benefits and modernizing community offerings. Following the merger of SYNNEX and Tech Data, TD SYNNEX aims to deepen support and broaden training and certification opportunities for its members.

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TRUCE Software announced a strategic expansion of its distribution network by partnering with TD SYNNEX and 3Eye Technologies. This move aims to enhance accessibility to their Contextual Mobility Management (CMM) solutions for enterprise buyers. As demand for digital transformation grows, TRUCE's products are increasingly integrated into comprehensive Enterprise Mobility Management offerings. The partnerships follow recent agreements with Connection and Insight, emphasizing TRUCE's commitment to optimizing employee experiences in mobile technology.

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Hyve Solutions Corporation, a subsidiary of TD SYNNEX (NYSE: SNX), has launched a new server line based on the Open Rack version 3 (ORv3) specifications at the 2021 Open Compute Project Virtual Summit. This new product family focuses on modularity, offering configurations for 1S, 2S, and 4S models, with an initial 1U dual-socket design set to deploy in 2022. The collaboration with Uber's Hardware Engineering enhances flexibility and efficiency in hyperscale infrastructures, promoting resource disaggregation to better meet growing demands.

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INVZBL, a UV-C disinfection technology firm, has partnered with TD SYNNEX to enhance its distribution capabilities. This agreement allows INVZBL to leverage TD SYNNEX's extensive reseller network across multiple sectors, including education and healthcare. The partnership aims to expand the reach of INVZBL's innovative products, particularly the N-AIR UV-C Ceiling Panel Air Purifiers, designed to eliminate pathogens, including COVID-19. CEO Chuck Morrison expressed enthusiasm for scaling the business through this collaboration.

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Qualys, Inc. (NASDAQ: QLYS) has partnered with TD SYNNEX to enhance its cybersecurity offerings in North America. This collaboration allows TD SYNNEX to provide its resellers access to the Qualys Cloud Platform, which includes the VMDR (Vulnerability Management, Detection, and Response) app. The integration aims to simplify security operations and lower compliance costs for businesses. With over 19,000 active customers across more than 130 countries, Qualys continues to strengthen its market position by leveraging TD SYNNEX's extensive ecosystem.

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Tech Data, a subsidiary of TD SYNNEX (NYSE: SNX), announced a collaboration with Hewlett Packard Enterprise (HPE) to enhance distribution of HPE GreenLake cloud services in the Asia Pacific region. The initiative will first target Singapore and Hong Kong, aiming to meet the growing demand for cloud solutions. Tech Data's longstanding relationship with HPE, spanning over 40 years, positions it to effectively deliver a unified range of cloud services that facilitate digital transformation. This partnership is expected to improve access for partners and customers, enhancing cloud experience and business outcomes.

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TD SYNNEX has achieved over 266 Amazon Web Services (AWS) Certifications in 2021, demonstrating its commitment to enhancing its AWS partnership. This milestone is part of the company’s Global Tech Intensity Certification Initiative aimed at reinforcing technical expertise in cloud solutions. Being a leading cloud distributor, TD SYNNEX aims to better support its clients and partners in navigating cloud services efficiently. The company's efforts underscore its position as a key player in the IT ecosystem, serving over 150,000 clients globally.

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Qumu Corporation has partnered with TD SYNNEX to distribute its Video Engagement Platform through TD SYNNEX's network of over 150,000 resellers. This partnership aims to meet the growing demand for scalable and secure enterprise video solutions, enabling organizations to enhance communication and collaboration. TD SYNNEX, a leader in IT distribution, will leverage its reseller market expertise to drive technology adoption among enterprise clients. The initiative aligns with Qumu's strategic goal of expanding its channel program and provides resellers with a competitive video technology offering.

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Tech Data Capital has partnered with Cohesity to provide financing solutions to Cohesity customers, enhancing payment flexibility for software purchases. This partnership aims to modernize software buying, accommodating budgetary needs for on-premises and cloud deployments. Key benefits include the ability to spread payments over time, preventing large upfront costs, and allowing customers to maintain essential components of their solutions without compromising on quality.

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FAQ

What is the current stock price of TD SYNNEX Corporation (SNX)?

The current stock price of TD SYNNEX Corporation (SNX) is $115.3 as of November 15, 2024.

What is the market cap of TD SYNNEX Corporation (SNX)?

The market cap of TD SYNNEX Corporation (SNX) is approximately 9.8B.

What does TD SYNNEX Corporation do?

TD SYNNEX Corporation is a global leader in IT distribution and business services, providing hardware, software, system components, and outsourcing services.

Who are TD SYNNEX's key vendor partners?

TD SYNNEX partners with major technology manufacturers like HP, Intel, Panasonic, Microsoft, Lenovo, and Seagate.

What segments does TD SYNNEX operate in?

TD SYNNEX operates in Technology Solutions and Global Business Services segments.

What types of business services does TD SYNNEX offer?

TD SYNNEX offers business process outsourcing services such as technical support, renewals management, demand generation, direct sales, customer service, back-office processing, and IT outsourcing.

In which geographical regions does TD SYNNEX operate?

TD SYNNEX operates in the Americas, Europe, and APJ (Asia-Pacific and Japan).

When was TD SYNNEX Corporation founded?

TD SYNNEX Corporation was founded in 1980.

What is the value of TD SYNNEX Corporation?

TD SYNNEX Corporation is valued at approximately $10.4 billion.

How many associates does TD SYNNEX have?

TD SYNNEX has over 53,000 associates worldwide.

What recent achievements has TD SYNNEX made?

TD SYNNEX has been innovating in the IT ecosystem, expanding its product offerings, and enhancing its distribution and business services channels.

Where can I find the latest news about TD SYNNEX?

You can find the latest news about TD SYNNEX on their official website and various financial news platforms.

TD SYNNEX Corporation

NYSE:SNX

SNX Rankings

SNX Stock Data

9.80B
85.09M
11.09%
90.24%
1.32%
Electronics & Computer Distribution
Wholesale-computers & Peripheral Equipment & Software
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United States of America
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