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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.
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.
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.
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.
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.
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.
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.
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.
Elisity and TD SYNNEX have announced a partnership to enhance cybersecurity offerings. The addition of Elisity’s Zero Trust Access platform to TD SYNNEX’s Next Up Program will enable the expansion of their reseller network. This collaboration aims to address the growing demand for identity and behavior-based cybersecurity, allowing organizations to optimize security for hybrid work environments. TD SYNNEX will support Elisity with marketing and training programs to strengthen their solutions in the backdrop of increasing ransomware threats.
TD SYNNEX (NYSE: SNX) has announced a new strategic partnership with EfficientIP, enhancing its portfolio with DDI and DNS Security solutions. This agreement allows EfficientIP to provide its network automation and security solutions to TD SYNNEX's community of value-added resellers, managed service providers, and system integrators across the U.S. and Canada. This move aims to address increasing cyber threats and improve network visibility and reliability amidst rising demand for secure IT solutions.
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