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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

Exclaimer, the leading email signature management platform, has announced a new partnership with TD SYNNEX (SNX), a global IT ecosystem distributor and solutions aggregator. This collaboration expands Exclaimer's reach to managed service provider (MSP) partners in North America through TD SYNNEX's distribution network.

The partnership allows TD SYNNEX's MSP partners to offer Exclaimer's innovative email signature solution for Microsoft 365 and Google Workspace to their customers. Exclaimer's platform provides centralized management of email signatures, ensuring secure and compliant communications while enabling marketing teams to create impactful, personalized signatures.

This strategic move aligns with Exclaimer's ongoing investment in North American partnerships, aiming to meet the growing demand for email signature management solutions.

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Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) has announced a partnership with TD SYNNEX (NYSE: SNX) to provide AI services in North America. Under this agreement, Plurilock will offer AI-focused critical services and cybersecurity solutions for TD SYNNEX's North American operations. These services may include security operations, offensive security, data protection, Zero Trust architecture, and AI transformation.

This partnership represents the initial phase of a potentially broader collaboration, with the possibility of expanding into TD SYNNEX's global operations. The partnership aims to enhance TD SYNNEX's AI services offerings in the cybersecurity sector, leveraging Plurilock's expertise in AI and cybersecurity developed over eight years.

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TD SYNNEX (NYSE: SNX) has announced that it will release its third quarter fiscal 2024 financial results before the U.S. market opens on Thursday, September 26, 2024. The company will host a conference call to discuss the results at 6:00 a.m. PT / 9:00 a.m. ET on the same day. Investors and interested parties can access the quarterly earnings press release and a live audio webcast of the earnings call at ir.tdsynnex.com. A replay of the webcast will be available after the call for those unable to attend the live event.

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TD SYNNEX (NYSE: SNX) has released its latest Corporate Citizenship Report, highlighting significant progress in environmental, social, and governance commitments. Key achievements include:

- Approximately 30% reduction in combined Scope 1 & 2 emissions in FY 2023
- Increase in electricity from renewable sources to about 31%
- Approval of emissions-reduction targets by Science Based Targets Initiative (SBTi)
- EcoVadis silver medal and CDP Management (B-) rating
- Certification as a Great Place to Work® in 10 countries
- 50% of new hires from underrepresented groups
- Introduction of a Global Human Rights Policy
- Enhanced cybersecurity measures and data privacy initiatives

The report underscores TD SYNNEX's commitment to sustainability, diversity, and ethical business practices across its operations and the IT channel.

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TD SYNNEX (NYSE: SNX) has announced that Reyna Thompson will be appointed President of North America on December 1, following the departure of Peter Larocque. Thompson, who joined TD SYNNEX in 1993, has most recently led the North America Advanced Solutions business unit, focusing on cloud, security, data/AI, and data center solutions. She has been recognized by CRN magazine as one of the 'Top 100 Women of the Channel' and 'Channel Chief' multiple times.

CEO Patrick Zammit praised Thompson's 30-year track record and commitment to driving success for vendors and customers. Under her leadership, TD SYNNEX's CyberSolv, CloudSolv, and Public Sector programs have won industry recognition. Thompson also serves on the board of Elevate, a TD SYNNEX business resource group focused on elevating and mentoring women.

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Janam Technologies, a provider of rugged mobile computers and contactless access solutions, has announced a new distribution agreement with TD SYNNEX (NYSE: SNX). This partnership aims to expand Janam's distribution network in the US and Canada, making its rugged mobile computers, RFID readers, and accessories immediately available to TD SYNNEX's partner community.

The collaboration is designed to create new revenue opportunities for value-added resellers (VARs) and managed service providers (MSPs) in the automatic identification and data capture (AIDC) market. TD SYNNEX will help extend Janam's reach to new resellers in key markets, including retail, manufacturing, warehousing, transportation and logistics, healthcare, and public safety.

This strategic relationship is expected to provide VARs and MSPs with streamlined access to Janam's products, comprehensive training programs, and co-marketing opportunities to help them grow their business and gain a competitive advantage.

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TD SYNNEX (NYSE: SNX), a global IT distributor and solutions aggregator, has been Certified™ by Great Place to Work® for the third consecutive year. This recognition is based on a survey of current employees, with over 73% reporting TD SYNNEX as a great place to work, compared to 57% at the average U.S. company.

The company has focused on creating an inclusive environment and supporting co-workers' growth and success. Initiatives include professional development opportunities, internal awards, comprehensive benefits, and increased emphasis on corporate citizenship covering diversity, equity and inclusion, community engagement, and sustainability.

Great Place To Work research indicates that job seekers are 4.5 times more likely to find a great boss at Certified workplaces, and employees are 93% more likely to look forward to work, with better chances of fair pay and promotion.

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eSentire, a leading Managed Detection and Response (MDR) provider, has expanded its partnership with TD SYNNEX, making its 24/7 MDR and Security Operations Center (SOC) services available to North American partners. The partnership offers:

- Rapid threat detection and containment: 99% reduction in detection times, 35-second response, and 15-minute Mean Time to Contain (MTTC)
- Comprehensive protection: Multi-signal investigation across network, endpoint, log, cloud, and identity sources
- AI-powered solutions: Including MDR for GenAI Visibility and eSentire Investigator application
- Flexible integration: Over 300 technology integration options and support for existing subscriptions

New offerings include CrowdStrike endpoint and identity protection with eSentire's 24/7 SOC and MDR support, enhancing cybersecurity options for TD SYNNEX customers.

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Securonix, a leader in Security Information and Event Management (SIEM), has partnered with TD SYNNEX to distribute its AI-Reinforced SIEM platform to North American partners. This strategic alliance expands the market reach of Securonix EON, which integrates advanced AI capabilities into Securonix's SIEM platform. The partnership aligns with TD SYNNEX's focus on high-growth opportunities in cybersecurity, cloud, analytics, and AI.

Securonix has updated its Elevate partner program to facilitate easier adoption of AI-Reinforced CyberOps capabilities. The program offers tiered pricing, enablement benefits, and a standardized consumption model for TD SYNNEX ecosystem partners. It also allows partners to sell Securonix's User and Entity Behavior Analytics (UEBA) as a standalone solution, creating additional revenue opportunities.

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TD SYNNEX (NYSE: SNX) has opened a Center of Excellence (CoE) in Latin America and the Caribbean in partnership with IBM. The CoE, headquartered in São Paulo, Brazil, offers business partners and companies the opportunity to explore cutting-edge technologies such as AI, data, automation, and sustainability solutions. It aims to support partners in co-creating solutions and generating new business opportunities.

The CoE is supported by a multidisciplinary team of over 25 professionals across the region, focusing on enhancing partners' capabilities in IBM software, Storage, and Red Hat technologies. TD SYNNEX is making significant investments in human resources, physical infrastructure, and marketing to ensure comprehensive support throughout the sales cycle, from training to lead generation.

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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 $116.9 as of December 20, 2024.

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

The market cap of TD SYNNEX Corporation (SNX) is approximately 10.0B.

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

10.00B
75.57M
11.06%
87.95%
1.88%
Electronics & Computer Distribution
Wholesale-computers & Peripheral Equipment & Software
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United States of America
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