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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.
Rhea-AI Summary
TD SYNNEX (SNX) expands collaboration with NVIDIA to offer a full line of enterprise AI platforms across North America, enhancing AI capabilities for customers in various industries. The expanded partnership aligns with TD SYNNEX's commitment to advancing AI through the Destination AI Program.
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TD SYNNEX (SNX) has been honored as one of the '2024 World’s Most Admired Companies' by FORTUNE for the third consecutive year. The company is recognized for its commitment to empowering global partners with technology. This achievement reflects the culture fostered by its 23,000-plus co-workers worldwide. The list is developed annually by Fortune in partnership with Korn Ferry, and winners are chosen based on the results of a corporate reputation survey.
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Living Security, Inc. announced a partnership with TD SYNNEX, a global IT distributor and solutions aggregator, to expand their reach and meet the growing demand for technologies that provide insights into human risk. The partnership aims to enable organizations to proactively address specific human risk outcomes and improve their security posture. The benefits include access to best-in-class vendors, dedicated support, flexible credit solutions, and rebates for resellers with high business volume.
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Miriam Murphy has been appointed as the new president of Europe for TD SYNNEX, rejoining the company after serving as CEO, Europe at NTT Ltd. She will lead the company's 7,000-strong European workforce and drive business strategy and operational execution in the region.
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SMART Technologies announces a new partnership with TD SYNNEX in the United States, aiming to provide more diverse buying options for education, public sector, and business customers. The partnership offers faster access to in-stock products, enhanced logistics, and more procurement options. SMART's interactive displays are designed to be easy to integrate, use, and support, with market-leading longevity and value over time.
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TD SYNNEX Corporation (NYSE: SNX) has announced the pricing of a secondary public offering of 7,625,000 shares of its common stock, all being sold by certain entities managed by affiliates of Apollo Global Management, Inc.
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TD SYNNEX Corporation (SNX) announced a proposed secondary public offering of 7,375,000 shares of its common stock held by certain entities managed by affiliates of Apollo Global Management, Inc. The underwriters will have a 30-day option to purchase up to an additional 1,106,250 shares of common stock from the Selling Stockholders. TD SYNNEX is not selling any shares and will not receive any proceeds from the sale. The Company has also authorized the purchase of 1,375,000 shares of common stock as part of the secondary public offering, not to exceed $160.0 million. The Company intends to fund the Concurrent Share Repurchase from existing cash on hand. The underwriters are Goldman Sachs & Co. LLC, BofA Securities, Inc., and RBC Capital Markets, LLC. Shelf registration statements relating to the resale of the shares were previously filed with the SEC and became effective on specific dates. This press release is not an offer to sell or buy securities.
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TD SYNNEX Corporation (SNX) has announced a secondary public offering of 7,625,000 shares of its common stock held by certain entities managed by affiliates of Apollo Global Management, Inc. The underwriters have a 30-day option to purchase up to an additional 1,143,750 shares. The company is not selling any shares and will not receive any proceeds from the sale. Additionally, the company has authorized the purchase of 1,375,000 shares of common stock as part of the secondary public offering, with a total repurchase limit of $160.0 million. The company intends to fund the repurchase from existing cash on hand. Goldman Sachs & Co. LLC, BofA Securities, Inc., and RBC Capital Markets, LLC are acting as joint bookrunners and underwriters for the offering.
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TD SYNNEX (NYSE: SNX) has recently reached a significant milestone with over 2,000 partners engaged in the Enablement Journey for Copilot for Microsoft 365. This program has also been expanded to be available to cloud solution providers, with over 500 individuals certified in the TD SYNNEX program. The industry's enthusiasm for developing expertise in generative AI is evident, as shown by the recent milestones and the expansion of Copilot for Microsoft 365, which offers enhanced user productivity and creativity across popular Microsoft apps with enterprise-grade security and responsible AI.
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TD SYNNEX (NYSE: SNX) announces the retirement of Matthew Miau and Fred Breidenbach from the Board of Directors, with Ting Herh nominated as the new independent director. Herh's nomination will bring the board composition to 11 members. Miau and Breidenbach have provided long-standing service, with Miau being the longest-tenured director since 1992. The company expresses gratitude for their leadership and commitment. Ting Herh brings over 40 years of experience in the technology industry and is expected to be a valuable addition to the board.
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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
United States of America
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