TD Synnex

TD SYNNEX is an American IT distribution company with a workforce of 22,000 in over 100 countries.

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Technology  

US United States of America

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Summary

TD SYNNEX, established in 2021 through the merger of Synnex and Tech Data, stands as a prominent American IT distribution company with an extensive global presence spanning over 100 countries and boasting a workforce of 22,000. Helmed by former Tech Data CEO Rich Hume, the company operates with a distinct ownership structure, with former Synnex shareholders holding 55% and Apollo Global Management, Tech Data's previous owner, possessing the remaining 45%.

This strategic amalgamation positions TD SYNNEX as the largest IT distributor globally, boasting a combined revenue of $59.8 billion following the merger of Tech Data and Synnex. This financial prowess surpasses industry competitors, such as Ingram Micro, reflecting the company's formidable standing in the IT distribution sector. Under the leadership of CEO Rich Hume and Executive Chair Dennis Polk, TD SYNNEX continues to demonstrate its commitment to excellence and innovation, as evidenced by its recent appointment of Patrick Zammit as Chief Operating Officer in November 2023, reinforcing its position as a key player in the dynamic IT distribution landscape.


History

Synnex, initially established as a technology hardware distributor, evolved into a comprehensive provider of products and logistics services, specializing in business process outsourcing and contract assembly within the IT industry. Over the years, the company expanded its global reach and service offerings. In 2009, Synnex acquired Jack of All Games from Take-Two Interactive, followed by the acquisition of the managed business solutions division of e4e in 2010. Noteworthy milestones include partnerships with IBM and Zettaset in 2012 for Hadoop-based analytics and the acquisition of IBM's worldwide customer care business process outsourcing in 2013.

Founded in 1974 by Edward C. Raymund in Clearwater, FL, Tech Data Corporation initially focused on marketing data processing supplies for mini and mainframe computers. In 1983, under the leadership of Edward's son, Steven A. Raymund, Tech Data transitioned into a full-line national distributor of personal computer products. Steve A. Raymund succeeded his father as CEO in 1986, marking the same year Tech Data went public on NASDAQ. Over two decades, the company expanded globally by acquiring 18 companies, including ParityPlus, Computer 2000 AG, Azlan Group PLC, and others. In 2013, Tech Data faced a setback when an accounting error led to a loss of nearly 27 million euros in profit.

In 2016, Tech Data made a significant move by acquiring the Technology Solutions operating group from Avnet, Inc., strengthening its position in the industry. Apollo Global Management acquired Tech Data for approximately $6 billion in November 2019, leading to the completion of the deal on June 30, 2020. 

In a significant move in 2017, Synnex acquired the North and Latin American operations of Westcon-Comstor. The company continued its expansion strategy by merging with Convergys in 2018, forming Concentrix. Synnex's prominence was reflected in its placement at number 158 on the Fortune 500 listing in 2019. The year 2020 marked a pivotal moment as Synnex announced plans to separate Synnex and Concentrix into two publicly traded entities, completing the spinoff in December. However, the company faced challenges in 2020 when it became associated with the Republican National Convention's server hack. In March 2021, Synnex entered a significant merger with Tech Data, solidifying its position in the industry with Synnex shareholders receiving 55% of the merged company.


Mission

In its mission, TD Synnex commits to delivering cutting-edge technology solutions to a dynamic global marketplace, solidifying its dedication to providing innovative offerings. With an unwavering commitment to excellence, the company strives to empower its global partners, ensuring their success and facilitating remarkable outcomes in the ever-evolving technology landscape. TD Synnex aims to play a pivotal role in connecting the global IT ecosystem, unlocking its vast potential for the benefit of all stakeholders.


Vision

TD Synnex envisions a future where it acts as the linchpin connecting the global IT ecosystem, aspiring to unlock its full potential for the benefit of all. With a keen focus on fostering collaboration and innovation, the company aims to create a seamless network that transcends geographical boundaries, facilitating a dynamic exchange of ideas, resources, and opportunities within the technology industry. TD Synnex's vision revolves around becoming a catalyst for transformative change, envisioning a world where the IT landscape is interconnected, accessible, and optimized, ultimately driving progress and growth across diverse sectors.


Key Team

Rich Hume (Chief Executive Officer)

Michael Urban (President, Americas)

Patrick Zammit (Chief Operating Officer)

Bonnie K. Smith (Chief Information Officer)

Beth Simonetti (Chief Human Resource Officer)

Marshall Witt (Chief Financial Officer)

David Vetter (Chief Legal Officer)

Simon Leung (Chief Business Officer)

Sergio Farache (Chief Strategy Officer)

Dennis Polk (Board Director and Hyve Executive)


Products and Services

TD Synnex, as a global IT distribution powerhouse, offers an extensive range of products and services, playing a pivotal role in connecting technology providers and consumers worldwide. The company's product portfolio encompasses a diverse array of technology solutions, including hardware, software, networking equipment, and peripherals. TD Synnex collaborates with leading industry suppliers, ensuring that its customers have access to cutting-edge IT systems, components, and software.

The hardware offerings from TD Synnex span a wide spectrum, covering everything from personal computers and laptops to servers and data center equipment. The company provides a comprehensive selection of devices and infrastructure solutions to meet the evolving needs of businesses, ranging from small and medium-sized enterprises to large corporations.

In addition to hardware, TD Synnex is a key player in software distribution. The company facilitates the availability of a broad range of software solutions, including operating systems, productivity tools, security software, and industry-specific applications. This diverse software portfolio allows TD Synnex to cater to the varied requirements of its customers across different sectors and industries.

Networking equipment is another crucial facet of TD Synnex's offerings. As businesses increasingly rely on robust and efficient network infrastructure, TD Synnex ensures that its customers have access to top-tier networking solutions. This includes routers, switches, wireless networking equipment, and related accessories, enabling organizations to build and maintain reliable and high-performance networks.

Beyond the tangible products, TD Synnex provides an array of services to enhance the value it delivers to customers. These services encompass logistics, supply chain management, and business process outsourcing. TD Synnex leverages its expertise to streamline the distribution process, ensuring timely and efficient delivery of products to its customers. The company's business process outsourcing services are designed to assist clients in various aspects, such as contract assembly and other tailored solutions, adding a layer of customization to meet specific business needs.


References
TD Synnex
Leadership team

Rich Hume (Chief Executive Officer)

Michael Urban (President, Americas)

Patrick Zammit (Chief Operating Officer)

Bonnie K. Smith (Chief Information Officer)

Beth Simonetti (Chief Human Resource Officer)

Marshall Witt (Chief Financial Officer)

David Vetter (Chief Legal Officer)

Simon Leung (Chief Business Officer)

Sergio Farache (Chief Strategy Officer)

Dennis Polk (Board Director and Hyve Executive)

Industries

Technology

Products/ Services
IT systems, data center servers, storage, computer hardware, computer software, consumer electronics, outsourcing, managed services, IT consulting, systems integration, supply chain management
Number of Employees
20,000 - 50,000
Headquarters
44201 Nobel Drive Fremont CA, 94538
Established
2021
Company Type
Public Limited Company
Company Registration
0800268003
Traded as
SNX
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Mon Apr 15 2024
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