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TD SYNNEX CORPORATION

(SNX)
  Report
Delayed Nyse  -  04:00 2022-12-02 pm EST
101.49 USD   -1.27%
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Tech Data Asia Pacific & Japan inks exclusive distribution partnership with Cibecs

10/04/2022 | 09:02pm EST

Move in line with Tech Data’s strategy of empowering ISVs and partners to drive new business and strengthen capabilities in security solutions

Tech Data, a TD SYNNEX company, today announced that it has expanded its strategic partnership with Cibecs – a leading endpoint backup, protection and security solutions provider – in 6 markets across Asia Pacific & Japan region (Hong Kong, India, Indonesia, Malaysia, Singapore, and Vietnam). This partnership brings Cibecs Endpoint Cloud, which offers best-in-class data protection with intelligent management capabilities, to customers in the APJ market. The partnership underscores Tech Data’s strategy of empowering ISVs (Independent Software Vendors) and partners to drive new business and further their channel capabilities across APJ. By leveraging a comprehensive data backup, protection, and security software package, ISVs and partners can now enable IT managers and CIOs to bridge the gaps in their endpoint environment and with complete visibility and control.

Commenting on the development, Sundaresan Kanappan, Vice President High Growth Technologies, Tech Data Asia Pacific & Japan, said “The Asia Pacific enterprise data management market is expected to witness a market growth of 12.1% CAGR during the forecast period (2020-2026)1, with the data protection market expected to witness a growth of 16.1% CAGR during the forecast period (2017 - 2023)2. Given this backdrop, this new partnership is in line with Tech Data’s strategy of bringing out a transformational approach to driving solutions in the region as well as enabling ISVs to benefit from increased functional flexibility through the channel.”

“With bad actors getting creative in exploiting endpoint systems vulnerabilities it is imperative to engage robust endpoint security measures to protect devices from unauthorised access, malware and data theft. Endpoint protection is a key part of endpoint security and Cibecs Endpoint Cloud solution can play an indispensable role in helping our customers by providing them full visibility or control over endpoint data and devices,” added Kanappan.

According to Richard Dewing, CEO of Cibecs, “We are delighted to take our partnership with Tech Data to the next level and are excited to align with their APJ presence and ability to address all markets while helping to build the right partner profile. With cloud adoption on the rise across the region, we are confident that Cibecs Endpoint Cloud, by providing a single, unified platform to discover, manage, backup and secure business data, will play an important role in delivering the most advanced data management and protection technology.”

Cibecs Endpoint Cloud is a powerful cloud platform built for Azure, allowing IT departments and Managed Service Providers (MSPs) to easily manage highly distributed and remote workforces, centralise, consolidate, and secure business data remotely, meet compliance regulations and drastically reduce desktop support costs.

1Research and Markets: Asia Pacific Enterprise Data Management Market By Component, By Deployment Type, By Organization Size, By End User, By Country, Industry Analysis and Forecast, 2020 - 2026

2Research and Markets: Asia Pacific Data Protection Market Analysis (2017-2023)

About Tech Data

Tech Data, a TD SYNNEX (NYSE: SNX) company, 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.

About Cibecs Inc.

Cibecs Inc is a privately held company headquartered in Delaware, USA with offices and distributors in North and South America, Europe, Africa and Asia. Cibecs is trusted by hundreds of thousands of business users globally. Representative customers include: Coca-Cola, Barclays, Kraft Foods, KPMG, Grant Thornton, Ingram Micro and CNBC. Additional Information about Cibecs can be found on the company website www.cibecs.com.


ę Business Wire 2022
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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 15,9x
Yield 2022 1,18%
Capitalization 9 697 M 9 697 M -
EV / Sales 2022 0,21x
EV / Sales 2023 0,19x
Nbr of Employees 22 000
Free-Float 85,1%
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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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