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With the merger of Tech Data and Synnex, TD Synnex becomes the largest IT distributor having a combined revenue of $59.8 billion, which surpasses Ingram Micro, whose 2020 revenue was $49.1 billion. [4] [5] On January 9, 2024, TD Synnex reported the results for 2023 fourth-quarter and full-year results reaching $57 billion in revenue. [6]
In December 2010 Synnex acquired the managed business solutions division of e4e, an ITes service provider located in Bangalore in India. [7] In 2012 Hyve Solutions announced a partnership with IBM and Zettaset to produce a bundled "turnkey" platform for Hadoop-based analytics targeted to the needs of small- and medium-sized businesses. [8]
DLT Solutions was founded in 1991 by Thomas Marrelli, who died in 2002. In 2005, his heirs sold DLT Solutions to then–DLT President and Chief Executive Officer Rick Marcotte and then-Chief Financial Officer Craig Adler. DLT Solutions had revenue of roughly $800 million in 2012, $857 million in 2013 and over $900 million in 2014.
TD SYNNEX Corp (NYSE:SNX) shares are trading higher on Thursday after the company reported its third-quarter results. The Fremont, California-based company reported an adjusted EPS of $2.86 ...
TD SYNNEX Corp (NYSE:SNX) shares are trading higher on Friday after the company reported its fourth-quarter results. Quarterly revenue of $15.85 billion, up 10% Y/Y, exceeded the analyst view of ...
Under the latest distribution agreement with Siklu, TD SYNNEX (SNX) will be able to provide cost-effective wireless Gigabit-speed connectivity solutions to enterprise customers.
On September 1, 2021, Tech Data completed a merger with Synnex. This merger created a new company with $59.8 billion in revenue, TD Synnex. Through the combination of both companies, TD Synnex becomes the largest IT distributor, surpassing Ingram Micro. As of Sep 1, 2024 Patrick Zammit is the new CEO in place of Rich Hume. [11]
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