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Tech Data CEO Rich Hume On The $5.4 Billion Deal That Will ‘Accelerate Our Future’
by O’Ryan Johnson
‘They have the ability to invest organically as well as acquisitively in Tech Data. So this is a scenario where we have the fortune of potentially being acquired by someone who has the opportunity to really accelerate our business moving forward,’ Tech Data CEO Rich Hume says of the deal to be acquired by Apollo Global Management.
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8 Big Things To Know About The $5.4B Apollo Global Management-Tech Data Deal
by O’Ryan Johnson
‘This deal is all about investments in the business and continuing to grow and do more,’ says a high level source. ‘Ultimately we believe the channel, within this complex ecosystem, will be an increasingly important part of the IT market.’
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All Eyes On Potential Fallout From Apollo Global’s $5.4B Tech Data Acquisition
by Steven Burke
‘You hear the argument that because they are going to have so much debt they will have to raise prices,’ says Martin Wolf, president of martinwolf M&A Advisors of Walnut Creek, Calif., one of the top channel investment advisory deal-makers. ‘I don’t believe that. I think they’ll eliminate things that partners don’t want to pay for and they’ll put that into price. I think is absolutely going to improve Tech Data’s pricing. This is a good deal for partners.’
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Apollo Global To Acquire Tech Data For $5.4 Billion, Take Private
by O’Ryan Johnson
Tech Data CEO Rich Hume is expected to remain in place as the company will be taken private.
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5 Companies That Came To Win This Week
by Rick Whiting
For the week ending Nov. 1, CRN takes a look at the companies that brought their 'A' game to the channel.
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Joe Quaglia On How Tech Data And DLT Solutions Will Conquer The Public Sector
by Michael Novinson
‘We think Tech Data is underpenetrated in a very large, multibillion-dollar market,’ says Quaglia, president of the Americas for Tech Data. ‘The federal public sector space is $43 billion. And we think there’s a huge opportunity for us to capture some market share.’
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Tech Data’s Joe Quaglia: Buying DLT Solutions Will Bring Us To Systems Integrators
by Michael Novinson
Once the deal closes, Quaglia said Tech Data hopes to extend their relationship with the newly-acquired systems integrator partners beyond the U.S. government space serviced through DLT Solutions and into the commercial market.
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Tech Data To Buy Public Sector Solution Provider Giant DLT Solutions
by Michael Novinson
Tech Data says its proposed acquisition of DLT Solutions, No. 42 on the 2019 CRN Solution Provider 500, will help accelerate growth for partners serving the U.S. federal, state and local government markets.
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The Role Of Distribution: Evolving For A Changing IT Landscape
by Joseph F. Kovar
A panel of distributors moderated by the head of the Global Technology Distribution Council (GTDC) said distributors are more focused than ever on helping solution providers architect solutions that meet clients' fast-changing requirements.
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Apollo Global Reportedly Offers $5B Bid For Tech Data
by Joseph F. Kovar
The offer by a major private equity company to acquire Tech Data follows by less than two months reports that RRJ Capital is looking to invest $4 billion in Ingram Micro, which is currently owned by China-based HNA Group.
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Tech Data Sees Growth In Cloud-Based Security
by O’Ryan Johnson
Tech Data has partnered with Akamai, which previously catered to enterprise telecom companies, to bring cloud-based security solutions to managed service providers.
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Tech Data's Joe Quaglia On SMB Services, Trade War Impact And A Possible HNA-Ingram Micro Deal
by Joseph F. Kovar
Tech Data's Americas president talks with CRN about advanced and SMB services, changing channel and customer requirements, and the potential impacts of trade wars, a recession, and China-based HNA's possible sale of rival Ingram Micro.
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Tech Data Transforms, Streamlines Its Business With Eye On Improved Channel Services
by Joseph F. Kovar
Joe Quaglia, president of the Americas business of Tech Data, says at TechSelect 2019 that the distributor is in the midst of an internal project called EOS (Enhance, Optimize, Strengthen) that it expects will make its channel more efficient.
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CEO Rich Hume: Tech Data Outgrowing Market By Embracing Emerging Tech, SMB
by Joseph F. Kovar
Rich Hume, in his TechSelect keynote address, argues that Tech Data's focus on emerging technologies, and a devotion to the SMB and midrange solution providers who will bring those technologies to market, are essential to growth.
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