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CEO Rich Hume: 10 Boldest Statements On Synnex-Tech Data Merger
Tech Data CEO Rich Hume says the blockbuster Synnex-Tech Data merger will bring benefits for decades to come to both partners and vendors based on the combined company’s ability to invest in future technologies.
On The Ability To Make Next-Generation Technology Investments
One plus one equals four in terms of next-generation [technology] investments.
One of the more critical aspects of this deal is we all know that the world is transitioning to hybrid cloud, cloud solutions, and as-a-service solutions. When we speak with our vendors and they look to build cloud or as-a-service offerings, they want the ability to come to one platform, write their APIs to that platform and then have an expectation that we will deploy throughout the world with that one connection.
Cloud platforms are extremely critical to the future. By us combining, we‘ll be able to bring expanded investment into those next-generation technology areas
Today we are investing in StreamOne, and Synnex is investing in its StreamOne equivalent, [Stellr]. So now we keep that pool of money that size and actually grow it, but we can eliminate all the duplication that we have between our businesses which will free up money to accelerate as well as bring more capability to partners moving forward.
From a partner perspective, this is a huge win with [the combined company having] the broadest portfolio and the ability to have more capacity for investment that will accelerate next-generation technologies.