TD Synnex
 | |
| Company type | Public |
|---|---|
| Industry | IT services, IT consulting |
| Founded | September 1, 2021 |
| Headquarters | , 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] |
| Website | tdsynnex |
TD SYNNEX is an American IT distribution company with a workforce of 22,000 in over 100 countries.[3] It was formed in 2021 by the merger of Synnex and Tech Data. TD SYNNEX is led by former Tech Data CEO, Rich Hume.[4]
Ownership[edit]
At closing former Synnex shareholders owned 55% of TD SYNNEX while Apollo Global Management, the previous owner of Tech Data, owned 45%.[5]
Revenue[edit]
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 9, 2024, TD SYNNEX reported the results for 2023 Fourth Quarter and Full Year Results reaching $57B in revenue.[8]
Leadership[edit]
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] In Nov 2023, Patrick Zammit has been named Chief Operating Officer, reporting to company CEO Rich Hume effective January 1.
References[edit]
- ^ a b "Corporate Leadership Team". TD SYNNEX. 12 November 2021.
- ^ "Largo's Tech Data completes $8.3 billion merger, becomes TD Synnex". Tampa Bay Times. 1 September 2021.
- ^ a b Cridlin, Jay (September 1, 2021). "Largo's Tech Data completes $8.3 billion merger, becomes TD Synnex". Tampa Bay Times. Retrieved 2021-11-08.
- ^ Kovar, Joseph F. (2021-09-01). "Done Deal: 5 Things To Know About The New TD Synnex". CRN. Retrieved 2021-11-08.
- ^ Coffey, Lauren (September 1, 2021). "Tech Data becomes TD Synnex after $8 billion merger officially closes". Tampa Bay Business Journal. Retrieved 2021-11-08.
- ^ 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.
- ^ a b "TD SYNNEX". www.tdsynnex.com. Retrieved 2021-11-08.
- ^ Bakshi, Akanksha. "TD Synnex Q4 Earnings Beat Estimates; Provides Upbeat Outlook". Benzinga. Retrieved 2022-02-07.
