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 (NYSE: SNX) is a global distributor and solutions aggregator for the IT ecosystem, with an edge-to-cloud portfolio focused on cloud, cybersecurity, big data and analytics, artificial intelligence (AI), IoT, mobility and everything as a service. This news page collects company announcements, press releases and other updates that reflect how TD SYNNEX operates across these technology segments and global markets.
Readers can find coverage of financial results and capital markets activity, including quarterly earnings releases, revenue trends by region, non-GAAP gross billings metrics and dividend declarations reported in Form 8-K filings and accompanying press releases. The company also reports on financing transactions, such as the issuance of senior notes, and provides context on how proceeds are intended to be used.
TD SYNNEX news also highlights strategic initiatives and partnerships. Recent announcements describe the launch of Destination AI™ programs like AI Game Plan, the introduction of an AI Infrastructure-as-a-Service offering in collaboration with Nebius, and the creation of a Global FinOps Practice powered by IBM Cloudability. Additional releases cover partner awards and collaborations with providers such as AWS and Wind River, as well as digital experience enhancements like the PartnerFirst Digital Bridge AI Assistant for Microsoft Teams.
Governance and leadership updates appear in current reports and press releases, including appointments and retirements of senior executives. For investors and partners following SNX, this page offers a centralized view of how TD SYNNEX communicates its financial performance, technology focus and ecosystem relationships over time.
TD SYNNEX (NYSE: SNX) has completed the acquisition of IPsense's cloud migration business in Brazil. The acquisition aims to establish a new cloud competency center in Brazil, strengthening TD SYNNEX's position in the region's digital transformation landscape.
The deal integrates IPsense's cloud migration business, which specializes in AWS solutions, into TD SYNNEX's two-tier distribution model. This integration will promote partner-to-partner projects and collaboration, enabling customers to leverage shared expertise for mutual growth.
The acquisition is part of TD SYNNEX's strategy to enhance its cloud service capabilities and support channel partners in migrating customer workloads to the cloud, with plans for broader regional expansion in the future.
Maxar Intelligence has announced a strategic partnership with TD SYNNEX, a global IT ecosystem distributor, to expand access to its satellite imagery and geospatial insights through TD SYNNEX's marketplace. Maxar, which operates the most advanced commercial Earth observation constellation, provides high-resolution satellite imagery and AI-powered solutions, maintaining a 125-plus petabyte imagery archive.
The partnership will enable TD SYNNEX to offer customers access to Maxar's advanced 2D and 3D geospatial content products, including global basemaps and a 3D digital twin of Earth. As the first satellite imagery provider in TD SYNNEX's network, the service is expected to launch at the beginning of 2025.
LastPass has announced a strategic partnership with TD SYNNEX, a global IT distributor, to streamline the purchasing process for IT resellers and managed service providers (MSPs) in North America. The collaboration enables easier access to LastPass' password and identity management solutions through TD SYNNEX's distribution network.
The partnership aims to simplify deployment of secure credential management solutions, allowing partners to set up LastPass licenses for customers within hours. TD SYNNEX customers can also access LastPass' enablement and marketing resources.
TD SYNNEX has released its North American results from the third-annual Direction of Technology Report, highlighting strong AI adoption and hardware investment trends among channel partners. The report reveals that 86% of North American partners successfully closed AI deals in the past year, surpassing the global average of 77%. Partners are increasingly focusing on hardware, with 60% expecting hardware resale growth in the next three years. Key challenges identified include increasing competition, margin pressures, and internal digital transformation. The report emphasizes collaboration as important for future success, with organic growth (44%) and channel engagement (42%) being the top growth strategies.
TD SYNNEX (NYSE: SNX) announces significant enhancements to its StreamOne® global cloud platform, introducing new commerce and security capabilities. The platform now features PSA Connectors and Commerce APIs that enable headless commerce and seamless integration with Professional Services Automation software. Key improvements include real-time IaaS consumption reporting, white-label storefronts, and marketplace syndication capabilities. TD SYNNEX is also piloting a Security Operations (SecOps) solution for Azure security management, with full availability planned for 2025. The platform currently serves over 30,000 partners globally.
TD SYNNEX (NYSE: SNX) has appointed Tanuj Raja as Senior Vice President of North America Hyperscaler and Marketplace. Raja, formerly from Google, brings expertise in marketplace strategies and digital transformation. The company reports significant growth in its digital platforms, with over 8,000 North American resellers using their StreamOne platform for cloud transactions. The platform has seen its catalog triple in size over the past year, and third-party software sales through private offers have increased by 500% year-over-year from 2023 to 2024. More than 500 resellers have integrated StreamOne with primary PSA platforms like ConnectWise and Autotask.
TD SYNNEX (NYSE: SNX) has secured an exclusive distribution agreement with IBM across 23 Caribbean countries. The partnership transitions IBM Business Partners from a Tier-1 direct sales model to a Tier-2 indirect model through TD SYNNEX. Partners will gain access to IBM's products and solutions, technical expertise, enablement programs, and the benefits of IBM's Partner Plus program. The agreement initially covers IBM Infrastructure partners and will later expand to include Software partners. TD SYNNEX will provide Caribbean partners with resources including its Center of Excellence in Brazil and region-based IBM support team.
TD SYNNEX (NYSE:SNX) has become the first global solutions aggregator to achieve the Amazon Relational Database Service (RDS) Services Delivery Specialization. This certification validates TD SYNNEX's expertise in managing complex RDS tasks and supporting partners with implementation, migration, and integration. According to their Direction of Technology Report, 58% of partners expect managed services sales growth in the next three years, while Amazon projects 25% annual growth in RDS market demand. The specialization demonstrates TD SYNNEX's capability to manage database monitoring, security, and performance optimization across multiple database engines.
TD SYNNEX (NYSE: SNX) released its third annual Direction of Technology report for Latin America and Caribbean region, based on a survey of over 1,000 technology distributors and service providers globally, with 200 responses from Latin America. The report identifies five key trends for 2024: strong revenue growth optimism, security and infrastructure as top-selling products, emerging importance of AI/GenAI, transformation of channel models, and increasing AI adoption despite current low sales. Nearly half of Latin American partners forecast double-digit growth, with security remaining the primary revenue driver. While AI/GenAI sales are currently low (56% reported no AI-related deals), partners anticipate significant growth in AI solutions over the next two years.
1Password, a leader in identity security, has announced a strategic partnership with TD SYNNEX, a global IT ecosystem distributor and solutions aggregator. This collaboration aims to expand the reach of 1Password's Extended Access Management (XAM) solution across North America, addressing the security challenges of modern workplaces.
The partnership leverages TD SYNNEX's extensive distribution network and operational capabilities to deliver 1Password's comprehensive security solution, which protects unmanaged apps and devices, filling the 'Access-Trust Gap' left by traditional IAM and MDM solutions. This alliance will involve joint go-to-market initiatives, including co-branded marketing and shared resources, enhancing market visibility for both companies.
Monica Jain, Head of Global GTM Partnerships at 1Password, emphasized the increasing demand for XAM and the strategic fit with TD SYNNEX's expertise in cloud distribution and value-added services. Jim MacBride from TD SYNNEX highlighted the partnership's potential to enrich their cybersecurity portfolio in a critical sector for their partners.