Synnex was an American

multinational corporation A multinational corporation (MNC; also called a multinational enterprise (MNE), transnational enterprise (TNE), transnational corporation (TNC), international corporation, or stateless corporation, is a corporate organization that owns and cont ...

that provided

information technology Information technology (IT) is a set of related fields within information and communications technology (ICT), that encompass computer systems, software, programming languages, data processing, data and information processing, and storage. Inf ...

(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 Fremont () is a city in Alameda County, California, United States. Located in the East Bay region of the San Francisco Bay Area, Bay Area, Fremont has a population of 230,504 as of 2020, making it the fourth List of cities and towns in the San F ...

. As an information technology supply chain services company, it offered services to original equipment manufacturers,

software publisher A software publisher is a publishing company in the software industry between the developer and the distributor. In some companies, two or all three of these roles may be combined (and indeed, may reside in a single person, especially in the case ...

s and

reseller A reseller is a company or individual ( merchant) that purchases goods or services with the intention of selling them rather than consuming or using them. Individual resellers are often referred to as middle men. This is usually done for profit ( ...

customers.

History

Originally founded as a technology hardware distributor, Synnex distributes products and related logistics services. As a business process outsourcing and contract assembly it works with industry suppliers of IT systems, peripherals, system components, software and networking equipment. The company is one of the major employers in Greenville,

South Carolina South Carolina ( ) is a U.S. state, state in the Southeastern United States, Southeastern region of the United States. It borders North Carolina to the north and northeast, the Atlantic Ocean to the southeast, and Georgia (U.S. state), Georg ...

. On 21 December 2009, Synnex acquired Jack of All Games from

Take-Two Interactive Take-Two Interactive Software, Inc. is an American video game holding company based in New York City founded by Ryan Brant in September 1993. The company owns three major Imprint (trade name), publishing labels, Rockstar Games, Zynga and 2K ...

. In December 2010 Synnex acquired the managed business solutions division of e4e, an ITes service provider located in

Bangalore Bengaluru, also known as Bangalore (List of renamed places in India#Karnataka, its official name until 1 November 2014), is the Capital city, capital and largest city of the southern States and union territories of India, Indian state of Kar ...

in India. In 2012 Hyve Solutions announced a partnership with

IBM International Business Machines Corporation (using the trademark IBM), nicknamed Big Blue, is an American Multinational corporation, multinational technology company headquartered in Armonk, New York, and present in over 175 countries. It is ...

and Zettaset to produce a bundled "turnkey" platform for

Hadoop Apache Hadoop () is a collection of Open-source software, open-source software utilities for reliable, scalable, distributed computing. It provides a software framework for Clustered file system, distributed storage and processing of big data usin ...

-based analytics targeted to the needs of small- and medium-sized businesses. Synnex acquired

's worldwide customer care business process outsourcing (BPO) services business on 11 September 2013. In June 2017, Synnex acquired the

North North is one of the four compass points or cardinal directions. It is the opposite of south and is perpendicular to east and west. ''North'' is a noun, adjective, or adverb indicating Direction (geometry), direction or geography. Etymology T ...

and

Latin American Latin Americans (; ) are the citizenship, citizens of Latin American countries (or people with cultural, ancestral or national origins in Latin America). Latin American countries and their Latin American diaspora, diasporas are Metroethnicity, ...

operations of Westcon-Comstor, along with 10% of the remaining part of Westcon (Westcon International) from Datatec for a reported $800 million. On 28 June 2018,

Convergys Convergys Corporation was a corporation based in Cincinnati, Ohio, that sold customer management and information management products, primarily to large corporations. Customer management products included agent assisted, self-service and care soft ...

and Synnex announced they have reached a definitive agreement in which Synnex would acquire Convergys for $2.43 billion in combined stock and cash, and integrate it with

Concentrix 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 ...

. On 5 October 2018, the merger was completed. On 9 January 2020, Dennis Polk, President and Chief Executive Officer of Synnex, announced plans to separate SYNNEX and Concentrix into two publicly traded companies. The spinoff was completed on 1 December 2020, with Synnex shareholders getting one share of Concentrix for each share of Synnex they held. In July 2021, the

Republican National Convention The Republican National Convention (RNC) is a series of presidential nominating conventions held every four years since 1856 by the Republican Party in the United States. They are administered by the Republican National Committee. The goal o ...

's servers were hacked through Synnex. The company said it "could potentially be in connection" with the Kaseya VSA ransomware attack that unfolded days prior. On 22 March 2021 it was announced that Synnex will merge with Tech Data for a sum of 7.2 billion USD, including debt. Synnex shareholders received 55% of the merged company. MiTAC Holdings Corp. and its affiliates, which collectively owns about 17% of Synnex shares as of 22 January 2021, voted their shares in favor of the transaction.

Merger with Tech Data

On September 1, 2021, Synnex completed a merger with Tech Data. 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. TD Synnex is led by former Tech Data CEO, Rich Hume.

References

{{Authority control Companies listed on the New York Stock Exchange Consulting firms established in 1980 Companies based in Fremont, California Information technology consulting firms of the United States International information technology consulting firms Outsourcing companies American companies established in 1980 Technology companies established in 1980 2021 mergers and acquisitions