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Synnex was an American multinational corporation that provided information technology (IT) services to businesses. It merged with competitor Tech Data to form TD Synnex . It was founded in 1980 by Robert T. Huang and based in Fremont, California .
TD Synnex Corporation is an American IT distribution company with a workforce of 22,000 in over 100 countries. [2] It was formed in 2021 by the merger of Synnex and Tech Data . TD Synnex is led by CEO Patrick Zammit.
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Concentrix Corporation is an American business process outsourcing company headquartered in Newark, California. It was a subsidiary of SYNNEX Corporation (NYSE: SNX) since 2006 and went public as an independent company on December 1, 2020. [4] [5] Concentrix made its debut on the Fortune 500 list in 2024, ranking #499. [6]
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Over the past 12 months, SYNNEX generated $196.6 million cash while it booked net income of $146.5 million. That means it turned 1.9% of its revenue into FCF. That doesn't sound so great.
Tech Data Corporation was an American multinational distribution company specializing in IT products and services headquartered in Clearwater, Florida. It merged with competitor Synnex to form TD Synnex. Synnex is to be the primary owner (55% share). [2]