Channel programs News
40 Tech Deals That Had Big Channel Impact
CRN reviews 40 of the biggest tech deals that affected the channel: from Novell’s Wordperfect buy to Broadcom’s impending VMware acquisition.
Synnex Acquires Tech Data
For over 30 years, the IT distribution business was dominated by a single company, Ingram Micro. That domination ended in September of 2021 when Synnex closed its $7.2-billion acquisition of rival Tech Data to create the world’s largest distributor, TD Synnex. The deal, which TD Synnex calls a merger, resulted in the building of a company with a combined revenue of $59.8 billion and marked a new era in the bitterly contested distribution battle for the hearts, minds, and pocketbooks of solution providers.
While the newly-combined TD Synnex is still relatively young, the company is expected to have the size to scale investments in developing new solutions and more financing for channel partners looking to bring the latest cloud, next-generation data center, security, Internet of Things, intelligent edge and 5G technologies to customers. TD Synnex also now has the ability to consolidate overlapping investments in those technologies, such as Tech Data’s StreamOne and Synnex Stellr cloud platforms, to accelerate investment in next-generation technologies.
One area where the integration is not done, and not likely to be done, is in the two legacy companies’ partner communities. Tech Data’s TechSelect and Synnex’s Varnex and Stellr communities are remaining distinct and growing while being consolidated under a new organization called CommunitySolv to make it easier for partners to benefit from working with multiple communities.