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Tech Data CEO Rich Hume On The $5.4 Billion Deal That Will ‘Accelerate Our Future’

‘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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Earlier this year you mentioned that you wanted to move Tech Data into higher-growth areas and get rid of those areas where you’re not seeing high growth. Will you still have the opportunity to execute on that plan under private equity?

I’d like to clarify part of what you had said. Certainly, we absolutely want to pursue the higher-growth areas and we will pursue the higher-growth areas and I'll get to whether that changes or not going forward.

But it's important to note that the lower-growth areas, we're not looking to abandon them. They’re a big part of our overall business, and they're a big part of our contribution to our vendors and customers as well as to the financial health and well-being of Tech Data.

So our view is that we will continue to invest in our core but then shift our incremental investments towards where the higher-growth areas are in the market. Obviously, we've spent a lot of time with our colleagues at Apollo, and they fully endorse our strategy moving forward. You should expect that will continue with the pursuits that we've previously identified, especially around the next-generation technologies of cloud, security, analytics, IoT and services.

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