TD Synnex

TD SYNNEX Corporation
Company typePublic
IndustryIT services, IT consulting
Predecessors
FoundedSeptember 1, 2021 (2021-09-01)
Headquarters
Clearwater, Florida & Fremont, California
,
U.S.
Key people
  • Patrick Zammit (CEO)
  • Ann Vezina (chair)
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)
Websitetdsynnex.com
Footnotes / references
Financials as of November 30, 2024.[1]

TD Synnex Corporation (stylised as TD SYNNEX) 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. [3]

Ownership

At closing former SYNNEX shareholders owned 55% of TD SYNNEX while Apollo Global Management, the previous owner of Tech Data, owned 45%.[4]

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.[5][6]

Leadership

Ann Vezina serves as TD SYNNEX's executive chair of the board of directors.[6][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.[7]

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.[8]

Digital platforms

TD SYNNEX operates several digital platforms to support partners and customers. These include Newsflash, a news and updates site covering company and partner‑related announcements, and Trusted Advisor, a resource hub that provides guidance, tools, and content focused on helping partners develop capabilities and engage customers across technology solutions.

References

  1. ^ "FY 2024 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. January 24, 2025.
  2. ^ 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.
  3. ^ "TD SYNNEX – Official website". TD SYNNEX.
  4. ^ Coffey, Lauren (September 1, 2021). "Tech Data becomes TD SYNNEX after $8 billion merger officially closes". Tampa Bay Business Journal. Retrieved 2021-11-08.
  5. ^ 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.
  6. ^ a b "TD SYNNEX". www.tdsynnex.com. Retrieved 2021-11-08.
  7. ^ "TD SYNNEX Announces Patrick Zammit to Become CEO" (Press release). Fremont, CA: Businessswire. 2024-06-20. Retrieved 2024-07-24.
  8. ^ Inavate (2026-01-12). "TD SYNNEX completes acquisition of AV/UC division from Exclusive Networks Poland". Inavate Magazine. Retrieved 2026-01-12.
This article is issued from Wikipedia. The text is available under Creative Commons Attribution-Share Alike 4.0 unless otherwise noted. Additional terms may apply for the media files.