Channel programs News
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 How Complementary Synnex And Tech Data Are As A Combined Entity
As we came to the diligence phase, we validated what we had known, that our businesses are very complementary. There are some line card gaps that we have that we‘ll be able to bring forward to our [Tech Data] customers in terms of the new company. There are some line card gaps on their side that they will have the same opportunity of closing for their customers.
Although we do have some overlap on customers, we also found out that we‘re more independent with our customer relationships than we are overlapping in terms of customers. So we have a great opportunity to bring the totality of this joint portfolio together now without a lot of overlap in the market. So that’s another big benefit.
With regard to the complementary nature of our businesses from a line card perspective, meaning a vendor perspective, our customer diversity is quite enlightening. We really learned about that as we came together and did the due diligence work.