TD SYNNEX Corporation - SNX STOCK NEWS

TD SYNNEX (NYSE: SNX) announced a newly formed Board of Directors, integrating members from SYNNEX and Tech Data, along with new addition, Merline Saintil. Executive Chair Dennis Polk emphasized the board's diverse expertise, which aims to elevate the company’s strategic priorities and stakeholder engagement. Departing members include Kevin Murai and Dwight Steffensen. The announcement reflects SYNNEX's commitment to leadership quality as it navigates its next growth phase.

TD SYNNEX has successfully completed its merger, combining SYNNEX Corporation and Tech Data Corporation under the new entity TD SYNNEX. This merger enhances its global distribution capabilities across over 100 countries and strengthens its product offerings in key technology segments. Led by Rich Hume, the company aims to deliver superior value and innovation to its customers and vendors. Apollo Global Management received 44 million shares and $1.1 billion in cash through the merger.

8x8, Inc. (NYSE: EGHT) has entered a strategic distribution agreement with SYNNEX Corporation (NYSE: SNX) to provide 8x8 XCaaS to SYNNEX’s partner community in North America. This partnership is designed to enhance cloud-based communication and collaboration tools for resellers, including integrated UCaaS and CCaaS solutions. 8x8 XCaaS boasts a 99.999% service level agreement and will be available through SYNNEX's network. This collaboration aims to capitalize on the growing demand for cloud communication solutions across various sectors.

SYNNEX Corporation (NYSE: SNX) has formed a master agent agreement with Nextiva, enhancing its Stellr cloud offerings by integrating Nextiva's UCaaS and CCaaS products. This partnership aims to provide resellers with comprehensive communication and productivity solutions for SMBs, mid-market, and enterprise customers. The collaboration will enable SYNNEX to leverage Nextiva's capabilities, improving customer experience through simplified business communications and CRM management. The agreement positions SYNNEX to drive sales and enhance reseller support, including access to dedicated teams and training.

On July 21, 2021, SYNNEX Corporation (NYSE: SNX) announced the expansion of its networking and security portfolio through the integration of Proofpoint products and services. This collaboration aims to enhance cybersecurity measures for partners and their customers, helping protect data and mitigate cyber threats. The partnership provides resellers access to a comprehensive suite of cloud-based solutions and dedicated support, bolstering SYNNEX's offerings in email, web, and mobile security. With Proofpoint's double-digit growth, this alliance is poised to broaden market access for both companies.

DTEN has partnered with SYNNEX Corporation to enhance the distribution of its video-first solutions across the U.S. market. This agreement allows SYNNEX to offer DTEN's award-winning video collaboration devices through its extensive retail and reseller network. The DTEN solutions, designed for seamless integration with Zoom, cater to the evolving demands for remote and hybrid work environments. The collaboration aims to streamline access for businesses and educational institutions adjusting to new communication needs.

On July 6, 2021, SYNNEX Corporation (NYSE: SNX) acknowledged attempts by external actors to access customer applications within the Microsoft cloud environment. These actions are possibly linked to recent cybersecurity incidents involving Managed Service Providers. SYNNEX, which is not classified as an MSP, is actively collaborating with Microsoft and a third-party cybersecurity firm to address the situation. The company's systems remained operational throughout the incident, and it continues to prioritize secure operations for its customers and their end-users.

SYNNEX Corporation (NYSE: SNX) stockholders have approved the merger with Tech Data, as announced during a special meeting held on June 30, 2021. The merger is subject to regulatory approvals and customary closing conditions, with completion expected in the second half of 2021. CEO Dennis Polk expressed gratitude to shareholders for their support. The merger aims to enhance SYNNEX's distribution, systems design, and integration services in the technology industry, potentially expanding market reach and operational efficiency.

ORock Technologies has signed a distribution agreement with SYNNEX Corporation (NYSE: SNX) to enhance its cloud business, speeding up sales cycles within SYNNEX's extensive partner ecosystem. This partnership positions ORock to serve highly regulated industries and government agencies with secure cloud solutions. With its latest offering, ORockCloud, utilizing Lockheed Martin’s Secure Runtime Environment and Intel processors, ORock aims to ensure secure, high-performance computing for mission-critical workloads. This agreement underscores both companies' commitment to modernization and security at scale.