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.
McAfee Enterprise has partnered with IBM Security to launch a comprehensive security solution for TD SYNNEX customers, enhancing protection against cloud and endpoint threats. The collaboration focuses on integrating McAfee's MVISION Device-to-Cloud Platform with IBM's QRadar, facilitating improved visibility, control, and threat remediation capabilities. This first-ever joint solution is essential for businesses seeking robust security postures in the evolving digital landscape. Customers can access this integrated security offering through TD SYNNEX's distribution network, aimed at strengthening defenses amid rising cyber risks.
Tech Data, a TD SYNNEX company (NYSE: SNX), announced a distribution agreement with Palo Alto Networks to enhance cybersecurity offerings in India and SAARC. This partnership aims to bolster Tech Data's Network Security portfolio and assist organizations in addressing modern security challenges. With the rise of digital transformation, both companies aim to innovate and secure cloud infrastructures using AI-driven solutions. This collaboration is expected to provide added value to resellers and improve cybersecurity practices for clients across the region.
TD SYNNEX (NYSE: SNX) will report its Q3 fiscal 2021 financial results on September 28, 2021, before market open. A conference call will follow at 6:00 AM PT and 9:00 AM ET, featuring CEO Rich Hume and CFO Marshall Witt. The earnings press release and an audio webcast will be available on their investor relations website. TD SYNNEX serves over 150,000 customers worldwide and boasts an extensive portfolio in high-growth technology sectors.
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.
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