A Historic Merger
The merger between Synnex and Tech Data was finalized on Sept. 1, resulting in the creation of TD Synnex, an IT distributor with a combined $59.8 billion in revenue. At that scale, TD Synnex takes over the top spot as the industry’s largest IT distributor, pushing rival Ingram Micro to the No. 2 position for the first time in over three decades.
The $7.2 billion merger of publicly traded Synnex, headquartered in Fremont, Calif., and private equity-owned Tech Data, Clearwater, Fla., which was first unveiled on March 22, resulted in a new organization with over $59 billion in revenue, 150,000 customers, 1,500 vendors on its line card, and 22,000 employees. Yet the integration has only started, challenging Hume and his team to find ways to bring those customers and employees together while still continuing the day-to-day business the distributor’s solution providers expect.
Hume sat down the day the merger closed to talk with CRN about the challenging and not-so-challenging aspects of a merger of this side.
TD Synnex exists in a very competitive and health market, and Hume is fine with that. “Our commitment to our customers and our vendors is that we’re going to make the investments required to make sure their experience with us is top-shelf,” he said.
Click through the slideshow to see some of the boldest statements Hume made during his conversation with CRN. 1 23… 11NextRELATED TOPICS:
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