Channel programs News
Channel Beat: Synnex Buys Westcon-Comstor Businesses For As Much As $800M
Synnex istaking holdof a big chunk of Cisco business by purchasing Westcon-Comstor's $2.18 billion North American and Latin America businesses for as much as $800 million. The Fremont, Calif.-based distributor said it would pay an additional $30 million for a 10 percent stake in Westcon-Comstor's $2.35 billion international business, which includes Europe, the Middle East and Africa, and Asia-Pacific.
Synnex’s president Kevin Murai said in a statement, "We believe this is a unique opportunity that is transformational to Synnex and is aligned to our strategy of positioning the business to where technology is growing."
Optiv Security has seen a flood of top-levelexecutive departuresfollowing the company's acquisition by private equity firm KKR & Co. just four months ago, CRN has learned. CRN has identified at least nine VP-level executives that have left the company since January.
Of those executives, five have already announced new positions at different companies on LinkedIn. CRN spoke to nearly a dozen sources close to the company, who said the departures are due to multiple factors, including compensation changes for the executive staff in recent months and increased pressure to hit higher sales targets.
In an email to CRN, Optiv CEO Dan Burns said the company had evolved significantly over the past few years, including the merger of two $750 million dollar companies into one and its growth to a $2 billion dollar solution provider today.
He said the changes are part of that evolution. Aruba Networks is bringing its mobile cloud-first software directly into the heart of corporate networks with its first ever core switch aimed squarely at displacing Cisco's popular Catalyst line of network switches. Partners are calling the new offering – the Aruba 8400 Core Switch Series powered by the new ArubaOS-CX operating system – a "Catalyst killer" that for the first time brings modern, dynamic software capabilities to the enterprise network.
Partners say the new switch provides a legitimate challenger to Cisco at the network core, bringing automation and software intelligence to customers anxious for an alternative to the more than 20-year-old Cisco Catalyst franchise.