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TD SYNNEX CORPORATION

(SNX)
  Report
Delayed Nyse  -  04:00 2022-12-01 pm EST
102.80 USD   +0.49%
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DATECH AGREEMENT WITH IOFFICE + SPACEIQ GIVES AUTODESK PARTNERS ACCESS TO LEADING BUILDING OPERATIONS PLATFORM

09/28/2022 | 06:24am EST

BASINGSTOKE, UK - Datech Solutions, the Autodesk-focused business of Tech Data, a TD SYNNEX (NYSE: SNX) company, has signed an agreement with iOFFICE + SpaceIQ, a leader in the digital transformation of workplace and asset management, that gives Autodesk partners access to iOFFICE + SpaceIQ's Archibus integrated workplace management system (IWMS) solutions throughout the EMEA region. Together, Autodesk, Inc. (NASDAQ: ADSK) and iOFFICE + SpaceIQ offer a building lifecycle solution, enabling building owners and operators to break down data silos and realise the full potential of BIM.

The agreement enables Autodesk partners to provide an integrated building lifecycle solution - comprising iOFFICE + SpaceIQ's all-in-one workplace management platform, Archibus, and Autodesk AEC Collection - that will enable building operators to analyse and optimise all aspects of their real estate, mission-critical assets and space management. In September 2021, Autodesk announced a strategic investment in iOFFICE + SpaceIQ as part of its efforts to bring BIM and digital twin technologies to the full building lifecycle.

"This new relationship between Datech and iOFFICE + SpaceIQ comes at a time when end user organisations are facing new challenges in re-configuring their environments for hybrid working, to meet sustainability goals, and provide the flexibility to adapt to sudden and unforeseen change", said Séamus Hurley, vice president, Europe, Datech Solutions, Tech Data.

"It gives Autodesk partners addressing the estates and facilities management sectors the opportunity to provide extended solutions and add more value. By bringing design, operational and performance data, and workflows together, Archibus and Autodesk AEC Collection provide all the tools needed for the redesign and reconfiguration of working environments. That presents Autodesk partners with the potential to widen their proposition, help existing customers even more, reach out to new prospective clients, and open up new revenue streams."

Nick Stefanidakis, VP, Alliances & Channels for iOFFICE + SpaceIQ added: "Our partnership with Datech gives Autodesk partners the opportunity to offer Archibus alongside BIM solutions. With tighter integration of BIM data and deeper insights into operations and workflows, professionals can make more informed design choices. They can create environments that optimise efficiency, comfort, and sustainability, and provide the capability to adapt to unexpected change, for their end user customers."

Archibus empowers building professionals to manage and optimise space, operations, and maintenance - including facility management tools such as work orders, preventive maintenance scheduling, asset management, and capital planning. The solution integrates with the Autodesk AEC Collection, which provides designers, engineers, and contractors a set of BIM and CAD tools supported by a cloud-based common data environment for project delivery from early-stage design through to construction.

The agreement between Datech and iOFFICE + SpaceIQ is part of a wider strategic plan that will see add-on solutions that enable partners to add more value and thus drive increased loyalty and customer satisfaction added to the Datech portfolio.

With its unrivalled knowledge and experience of Autodesk solutions, and the personalised service it provides to partners, Datech has become established as the leading Autodesk distributor in the EMEA region. Backed by Tech Data's operational, logistical, and financial strength, Datech Solutions can support Autodesk partners in maximising sales and profitability, driving business efficiency and meeting the ever-changing needs of their customers.

--- ENDS ---

About Tech Data

Tech Data is a TD SYNNEX company. TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the IT ecosystem. We're an innovative partner helping more than 150,000 customers in 100+ countries to maximize the value of technology investments, demonstrate business outcomes and unlock growth opportunities. Headquartered in Clearwater, Florida, and Fremont, California, TD SYNNEX' 22,000 co-workers are dedicated to uniting compelling IT products, services and solutions from 1,500+ best-in-class technology vendors. Our edge-to-cloud portfolio is anchored in some of the highest-growth technology segments including cloud, cybersecurity, big data/analytics, IoT, mobility and everything as a service. TD SYNNEX is committed to serving customers and communities, and we believe we can have a positive impact on our people and our planet, intentionally acting as a respected corporate citizen. We aspire to be a diverse and inclusive employer of choice for talent across the IT ecosystem. For more information, visit www.TDSYNNEX.com or follow us on Twitter, LinkedIn, Facebook and Instagram.

Media Contact:

George Troughton

Communications Manager, Europe

+34 932970222

George.Troughton@techdata.eu

Safe Harbor Statement

Statements in this news release that are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 involve known and unknown risks and uncertainties which may cause the Company's actual results in future periods to be materially different from any future performance that may be suggested in this release. The Company assumes no obligation to update any forward-looking statements contained in this release.

© 2022 TD SYNNEX Corporation. TD SYNNEX, the TD SYNNEX Logo, and all other TD SYNNEX company, product and services names and slogans are trademarks of TD SYNNEX Corporation. Other names and trademarks are the property of their respective owners.

About iOFFICE + SpaceIQ

iOFFICE + SpaceIQ gives businesses the tools to connect their most valuable resources: people, places, and the equipment that supports them. Our comprehensive portfolio of workplace and asset management software solutions enables companies to make data-driven decisions and improve interactions with the built environment. Over 10,000 organizations in 85 countries use iOFFICE + SpaceIQ platforms to optimize their real estate, enhance workspace experience, and streamline maintenance. Explore the solutions at www.iofficecorp.com and www.spaceiq.com.

Neville Street

Channelstar Media

T: 01743 246917

M: 07967 717259

E: nev@channelstar.co.uk

.

(C) 2022 M2 COMMUNICATIONS, source M2 PressWIRE

Stocks mentioned in the article
ChangeLast1st jan.
AUTODESK, INC. 2.47% 206.93 Delayed Quote.-26.41%
TD SYNNEX CORPORATION 0.49% 102.8 Delayed Quote.-10.11%
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Financials (USD)
Sales 2022 61 909 M - -
Net income 2022 597 M - -
Net Debt 2022 3 453 M - -
P/E ratio 2022 16,0x
Yield 2022 1,17%
Capitalization 9 775 M 9 775 M -
EV / Sales 2022 0,21x
EV / Sales 2023 0,20x
Nbr of Employees 22 000
Free-Float 85,1%
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Number of Analysts 10
Last Close Price 102,30 $
Average target price 125,90 $
Spread / Average Target 23,1%
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Managers and Directors
Richard T. Hume President, Chief Executive Officer & Director
Marshall W. Witt Chief Financial Officer
Dennis J. Polk Executive Chairman
Bo Li Senior Vice President-Information Technology
Bonnie K. Smith Chief Information Officer
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