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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Tech Data Corp    TECD

TECH DATA CORP

(TECD)
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Tech Data : Expands Partnership with Aruba in Brazil to Strengthen Customers` Next-Generation Networking Solutions

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12/19/2018 | 09:29am EDT

Tech Data (Nasdaq: TECD) today announced an expanded channel partnership with Aruba, a Hewlett Packard Enterprise company, to deliver next-generation enterprise networking solutions to the Brazilian market. Already available through Tech Data in the U.S. and select countries in Europe and Asia Pacific, Tech Data will now offer Aruba`s wide array of network access options in Brazil.

"Our solution-based, value-added distribution approach enhances Aruba`s portfolio, particularly in the finance, education, healthcare, hospitality and retail segments," said Carla Carvalho, managing director, at Tech Data in Brazil. "For these verticals, Aruba has specific solutions with data security, policy control and mobility management features for workgroups and others."

Under this agreement, Tech Data will sell and support Aruba`s entire portfolio of network access solutions including controller-based WLAN, cloud-managed Wi-Fi, security and location services in Brazil. Tech Data will also offer its Aruba channel partner affiliates a broad set of sales and technical support opportunities for business generation, financial services and training resources.

"This expanded relationship with Tech Data is strategic to our growth in the Brazilian market," said Arlindo Silva, distribution business manager at Aruba, a Hewlett Packard Enterprise company, Brazil. "It gives us access to a select partner community across the country while also providing additional expertise to sell integrated solutions with greater value for customers focusing in IoT, Security and Mobility markets."

Tech Data partners in Latin America benefit from a world-class, end-to-end portfolio that helps their clients in the implementation of IT solutions that serve the increasing need for mobility, access to cloud-based applications, and projects within the internet of things (IoT) spacea market that is expected to move around $8 billion in business in Brazil this year, according to IDC1."

(c) All rights reserved. Kuwait Times Newspaper 2018 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

Stocks mentioned in the article
ChangeLast1st jan.
HEWLETT PACKARD ENTERPRISE 0.09% 14.975 Delayed Quote.13.25%
TECH DATA CORP -1.62% 98.775 Delayed Quote.22.28%
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Financials (USD)
Sales 2020 37 164 M
EBIT 2020 714 M
Net income 2020 351 M
Debt 2020 -
Yield 2020 -
P/E ratio 2020 10,3x
P/E ratio 2021 9,23x
Capi. / Sales2020 0,10x
Capi. / Sales2021 0,10x
Capitalization 3 664 M
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Number of Analysts 7
Average target price 103  $
Last Close Price 100  $
Spread / Highest target 11,5%
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Richard T. Hume Chief Executive Officer & Director
Robert M. Dutkowsky Executive Chairman
Charles V. Dannewitz Chief Financial Officer & Executive Vice President
John A. Tonnison Chief Information Officer & Executive VP
Charles Edward Adair Lead Independent Director
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