Company:TD Synnex

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Short description: American IT distribution company
TD SYNNEX Corporation
TypePublic
IndustryIT services, IT consulting
FoundedSeptember 1, 2021; 3 years ago (2021-09-01)
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

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

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 9, 2024, TD SYNNEX reported the results for 2023 Fourth Quarter and Full Year Results reaching $57B in revenue.[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] In Nov 2023, Patrick Zammit has been named Chief Operating Officer, reporting to company CEO Rich Hume effective January 1.

References

  1. ↑ 1.0 1.1 "Corporate Leadership Team". TD SYNNEX. 12 November 2021. https://www.tdsynnex.com/. 
  2. ↑ "Largo's Tech Data completes $8.3 billion merger, becomes TD Synnex". Tampa Bay Times. 1 September 2021. https://www.tampabay.com/news/business/2021/09/01/largos-tech-data-completes-83-billion-merger-becomes-td-synnex/. 
  3. ↑ 3.0 3.1 Cridlin, Jay (September 1, 2021). "Largo's Tech Data completes $8.3 billion merger, becomes TD Synnex" (in en). https://www.tampabay.com/news/business/2021/09/01/largos-tech-data-completes-83-billion-merger-becomes-td-synnex/. 
  4. ↑ Kovar, Joseph F. (2021-09-01). "Done Deal: 5 Things To Know About The New TD Synnex" (in en). https://www.crn.com/slide-shows/channel-programs/done-deal-5-things-to-know-about-the-new-synnex-tech-data. 
  5. ↑ 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. 
  6. ↑ 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. 
  7. ↑ 7.0 7.1 "TD SYNNEX" (in en). https://www.tdsynnex.com/. 
  8. ↑ Bakshi, Akanksha. "TD Synnex Q4 Earnings Beat Estimates; Provides Upbeat Outlook" (in English). https://www.benzinga.com/node/24994234. 



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