Search
Homepage This page's url is: -crn- Rankings and Research Companies Channelcast Marketing Matters CRNtv Events WOTC Jobs HPE Zone Intel Partner Connect Digital Newsroom Dell Technologies World Newsroom Dell Technologies Newsroom HP Reinvent 2020 Newsroom IBM Newsroom The IoT Integrator Lenovo Newsroom NetApp Data Fabric Intel Tech Provider Zone

8 Big Things To Know About The $5.4B Apollo Global Management-Tech Data Deal

‘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.’

1   2   3   ... 8 Next

Tech Data To Be Sold

Apollo Global Management shook up the distribution marketplace with the announcement Wednesday that it agreed to acquire Tech Data for $5.4 billion, or $130 a share.

“We think this is a really interesting investment that captures the secular trends of IT spending and growth both in hardware and software,” said a high level source. “Ultimately, we believe the channel, within this complex ecosystem, will be an increasingly important part of the IT market. We think management is phenomenal. They have a great track record of being a proven operators. It’s a well run business.”

While current CEO Rich Hume will remain in place, Tech Data will be taken private once the deal closes. Apollo insiders told CRN its priorities for Tech Data include growing its cloud business and investing in more services for partners.

 
 
1   2   3   ... 8 Next

sponsored resources