Company:TD Synnex
 | |
| Type | Public |
|---|---|
| Industry | IT services, IT consulting |
| Predecessors | |
| Founded | September 1, 2021 |
| Headquarters | Clearwater, Florida & Fremont, California , U.S. |
Key people |
|
| Products | |
| Services | |
| Revenue |  US$58.5 billion (2024) |
| US$1.19 billion (2024) | |
| US$689 million (2024) | |
| Total assets | US$30.3 billion (2024) |
| Total equity |  US$8.04 billion (2024) |
Number of employees | 23,000 (2024) |
| Website | tdsynnex |
| Footnotes / references Financials as of November 30, 2024[update].[1] | |
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.
Ownership
At closing former Synnex shareholders owned 55% of TD Synnex while Apollo Global Management, the previous owner of Tech Data, owned 45%.[3]
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.[4][5]
Leadership
Ann Vezina serves as TD Synnex's executive chair of the board of directors.[5][2] In November 2023, Patrick Zammit was named chief operating officer, reporting to company CEO Rich Hume effective January 1.
In June 2024, the company announced that Patrick Zammit would assume the CEO role effective September 1, replacing Rich Hume who will remain on the TD Synnex board of directors.[6]
Acquisitions
In January 2026, it was announced that TD Synnex had completed its acquisition of the AV, unified communications and gaming business divisions from Exclusive Networks Poland. Following the transaction, the AV and UC operations were integrated into TD Synnex’s Maverick division, while the gaming business was incorporated into its Peripherals unit.[7]
References
- ↑ "FY 2024 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. January 24, 2025. https://www.sec.gov/ix?doc=/Archives/edgar/data/1177394/000117739425000009/snx-20241130.htm.
- ↑ 2.0 2.1 Cridlin, Jay (September 1, 2021). "Largo's Tech Data completes $8.3 billion merger, becomes TD Synnex". https://www.tampabay.com/news/business/2021/09/01/largos-tech-data-completes-83-billion-merger-becomes-td-synnex/.
- ↑ Coffey, Lauren (September 1, 2021). "Tech Data becomes TD Synnex after $8 billion merger officially closes". https://www.bizjournals.com/tampabay/news/2021/09/01/tech-data-8-billion-merger-officially-closes.html.
- ↑ Kovar, Joseph F. (2021-09-01). "It's Official: Synnex-Tech Data Is TD Synnex, The Industry's Largest IT Distributor". https://www.crn.com/news/channel-programs/it-s-official-synnex-tech-data-is-td-synnex-the-largest-it-distributor.
- ↑ 5.0 5.1 "TD Synnex". https://www.tdsynnex.com/.
- ↑ "TD Synnex Announces Patrick Zammit to Become CEO" (Press release). Fremont, CA: Businessswire. 2024-06-20. Retrieved 2024-07-24.
- ↑ Inavate (2026-01-12). "TD SYNNEX completes acquisition of AV/UC division from Exclusive Networks Poland" (in en). https://www.inavateonthenet.net/news/article/td-synnex-completes-acquisition-of-avuc-division-from-exclusive-networks-poland.
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