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Tech Data CEO Rich Hume On The Apollo Deal, $750M Digital Transformation And ‘State of The Art’ StreamOne Platform

‘StreamOne will be white labeled to the reseller community, meaning that all of our capability can be used by our resellers with their brand on the capability as they engage with their end users,’ says Tech Data CEO Rich Hume. ‘We're at a time here where there's a fork in the road as it relates to the type of tools, processing and capabilities that resellers and solution providers and MSPs will need. You should think about this $750 million investment as a big down payment in being able to bring that capability to market for them as they look at bringing their solutions ultimately to their customers and to the rest of the market.’

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How is Tech Data putting that investment to use?

As it relates to the big towers of investment, think of it in three major buckets.
The first is we intend to have state-of-the-art platforms available for our customers. What I mean by that is you're familiar with StreamOne. We've been investing in StreamOne in earnest. That being said, we believe there's a lot of requirements which are emerging, and continue to emerge that will really allow us to differentiate ourselves, so we'll we'll be accelerating investments in StreamOne.
The second is our overall core business process in capabilities and tools that surround, if you will, the core environment. That’s going to be refreshed top to bottom with state of the art, edge capabilities, and a very, very resilient business backbone.

The third tower is using analytics and data to assist in better outcomes for customers and vendors as well as Tech Data, as part of the overall digital infrastructure.

We've had a journey of being quite digital today, but technology is advancing and we’re pushing everything to state-of-the-art. That's the way to think about it.

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