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Ingram Micro-Platinum Equity Deal Is Sign Of Distribution ‘Renaissance’
by Steven Burke
‘With Ingram now owned by Platinum and Tech Data owned by Apollo there is going to be a renaissance in distribution,’ says Martin Wolf, president of martinwolf M&A Advisors. ‘It is good for the channel to have heavyweights (like Platinum and Apollo) between them and the vendors. It is very good news for partners.’
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Ingram Micro Agrees To $7.2B Acquisition By Platinum Private Equity
by O’Ryan Johnson
Irvine, Calif.-based IT distributor Ingram Micro has entered into an agreement to be purchased by Platinum Equity Partners for $7.2 billion.
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Disty Pioneer David Dukes Mourned As Affable Ingram Micro Relationship Builder
by Steven Burke
Former Ingram Micro President, Co- Chairman and Vice Chairman David Dukes, 76, who passed away last week after a long bout with COVID-19, is being mourned as the one-time affable, generous heart of the distribution power house.
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Ingram Micro CFO: Partners Who Used Financing Seeing ‘Outstanding’ Growth
by O’Ryan Johnson
‘We went back and we looked at everyone who used financing in Q2—it doesn’t matter what type— they grew their business by 11 percent,’ says Ingram Micro CFO for the Americas Anthony Mackle.
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McAfee Details IPO Plans In New SEC Filing
by Joseph F. Kovar
The cybersecurity company, which was publicly listed until its 2011 acquisition by Intel, hopes to raise up to $814 million via the sale of shares held by the company and by its current shareholders.
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Ingram Micro Sees WFH Growth From COVID-19, Lower Advanced Solutions Sales
by Joseph F. Kovar
Privately-held Ingram Micro, which is owned by China‘s HNA Group but reportedly being courted by private equity, said its second fiscal quarter 2020 revenue decline but income was up as the pandemic caused a huge shift in spending patterns.
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NetApp Layoffs Stem From COVID-19 Impacts, Shift In Tech Focus: Channel Sources
by Joseph F. Kovar
‘NetApp is realigning resources and investments to best capture these opportunities and position the company for long-term success,’ the company said in a statement.
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Ingram Micro Is Target Of $7B Bid By Platinum Equity: Report
by O’Ryan Johnson
The private equity powerhouse is in ‘advanced talks’ to buy the Irvine, Calif. based IT distributor, according to a Bloomberg report.
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Veritas Brings First SaaS Backup Application To Cloud Marketplace With Ingram Micro
by Joseph F. Kovar
‘We want to make it simple to purchase. Customers can immediately on-board the solution to protect Microsoft 365, Google G-Suite, Salesforce and Dynamics 365 data. And we offer support for all the content sources, not just the emails,’ says Simon Jelley, vice president and general manager of Veritas’ Backup Exec business.
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2020 Rising Female Stars: Solution Provider Keys To Success For 2020
by Jennifer Follett
What advice do our Rising Female Stars have for their solution providers? Here’s what a few of them had to say about defining value, selling with empathy and focusing on hot technologies like 5G, artificial intelligence and hybrid cloud.
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Lifeboat Distribution To Rebrand As Climb Channel Solutions
by Joseph F. Kovar
The rebranding, coming on the heels of Lifeboat's acquisition of Toronto-based Interwork Technologies, is aimed at reflecting its focus on bringing emerging technology vendors to solution providers.
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Ingram Micro Doubles Down On IoT With New Center Of Excellence
by O’Ryan Johnson
“We don’t want to multiply the problems or the challenges that the reseller is trying to solve. We want to complement their effort and support them,” Sabine Howest, vice president of global partner engagement and IoT at Ingram Micro said.
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HNA Group Says It Has ‘Reached The Point Of Life And Death’ Amid COVID-19 Pandemic
by O’Ryan Johnson
‘HNA’s problems accumulated over time and it is indeed difficult to solve the problems overnight,’ HNA wrote in an unsigned letter posted to its official Chinese social media account.
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Tech Data's New DLT Solutions Leader Pledges Expanded Government Channel Business
by Joseph F. Kovar
DLT Solutions, which in the last few years transformed from a government-focused solution provider to a government-focused distributor before being acquired by Tech Data, is now being led by Chris Wilkinson.
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