TD Synnex

TD SYNNEX is an American IT distribution company with a workforce of 22,000 in over 100 countries.[3] On September 1, 2021, Tech Data completed a merger with Synnex creating TD SYNNEX, a new company with $59.8 billion in revenue. Through the combination of both companies, TD SYNNEX becomes the largest IT distributor, surpassing Ingram Micro. TD SYNNEX is led by former Tech Data CEO, Rich Hume.[4]

TD SYNNEX Corporation
TypePublic
IndustryIT services, IT consulting
Founded2021 (2021)
Headquarters
Fremont, California
,
U.S.
Key people
Rich Hume
(CEO)[1] Dennis Polk
(Executive Chair of Board of Directors)[1]
Products
Services
Number of employees
22,000 (2021)[2]
Websitetdsynnex.com

Ownership

At closing former Synnex shareholders owned 55% of TD SYNNEX while Apollo Global Management, the previous owner of Tech Data, owned 45%.[5]

Revenue

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.[6][7] On January 11, 2022, TD SYNNEX reported the results of the first full quarter following the merger. TD SYNNEX reported fiscal year 2021 fourth quarter revenue of $15.61 billion.[8]

Leadership

Rich Hume, former CEO of Tech Data, is CEO of TD SYNNEX. Former Synnex president and CEO, Dennis Polk, serves as TD SYNNEX’s executive chair of the board of directors.[7][3]

References
  1. "Corporate Leadership Team". TD SYNNEX. 12 November 2021.
  2. "Largo's Tech Data completes $8.3 billion merger, becomes TD Synnex". Tampa Bay Times. 1 September 2021.
  3. Cridlin, Jay (September 1, 2021). "Largo's Tech Data completes $8.3 billion merger, becomes TD Synnex". Tampa Bay Times. Retrieved 2021-11-08.{{cite web}}: CS1 maint: url-status (link)
  4. Kovar, Joseph F. (2021-09-01). "Done Deal: 5 Things To Know About The New TD Synnex". CRN. Retrieved 2021-11-08.
  5. Coffey, Lauren (September 1, 2021). "Tech Data becomes TD Synnex after $8 billion merger officially closes". Tampa Bay Business Journal. Retrieved 2021-11-08.{{cite web}}: CS1 maint: url-status (link)
  6. Kovar, Joseph F. (2021-09-01). "It's Official: Synnex-Tech Data Is TD Synnex, The Industry's Largest IT Distributor". CRN. Retrieved 2021-11-08.
  7. "TD SYNNEX". www.tdsynnex.com. Retrieved 2021-11-08.
  8. Bakshi, Akanksha. "TD Synnex Q4 Earnings Beat Estimates; Provides Upbeat Outlook". Benzinga. Retrieved 2022-02-07.
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