![]() The spinoff was completed on 1 December 2020, with Synnex shareholders getting one share of Concentrix for each share of Synnex they held. On 9 January 2020, Dennis Polk, President and Chief Executive Officer of Synnex, announced plans to separate SYNNEX and Concentrix into two publicly traded companies. In 2019, Synnex sits at number 158 on the Fortune 500 listing. On 5 October 2018, Convergys Corporation and Synnex announced that they have completed the merger. On 28 June 2018, Convergys and Synnex announced they have reached a definitive agreement in which Synnex would acquire Convergys for $2.43 billion in combined stock and cash, and integrate it with Concentrix. In June 2017, Synnex acquired the North and Latin American operations of Westcon-Comstor, along with 10% of the remaining part of Westcon (Westcon International) from Datatec for a reported consideration of up to $830 million. Synnex acquired IBM's worldwide customer care business process outsourcing (BPO) services business on 11 September 2013. In 2012 Hyve Solutions announced a partnership with IBM and Zettaset to produce a bundled "turnkey" platform for Hadoop-based analytics targeted to the needs of small- and medium-sized businesses. In December 2010 Synnex acquired the managed business solutions division of e4e, an ITes service provider located in Bangalore in India. On 21 December 2009, Synnex acquired Jack of All Games from Take-Two Interactive. The company is one of the major employers in Greenville, South Carolina. ![]() As a business process outsourcing and contract assembly it works with industry suppliers of IT systems, peripherals, system components, software and networking equipment. Originally founded as a technology hardware distributor, Synnex distributes products and related logistics services. ![]() As an information technology supply chain services company, it offered services to original equipment manufacturers, software publishers and reseller customers. It merged with competitor Tech Data to form TD Synnex. Or you can turn the page and learn it all in 10 minutes.Synnex was an American multinational corporation that provides information technology (IT) services to businesses. Yes, you can read the SEC document, and search through all the legalize to find the timeline, and then search through all the legalize to get the details. But it's a fascinating read, with all the work involved behind the scene and the eventual interest of over 50 potential suitors. 12 Tech Data SEC filing, was long and involved, and showed how the wheels of the corporate financial and legal teams and the board of directors had to spin before the acquisition got final traction. The timeline of the acquisition, as outlined in a Dec. But finalizing the bid was not simple, especially after Warren Buffet's Berkshire Hathaway made a bid that almost derailed Apollo's plans. It shortly thereafter upped the ante with an acquisition bid that languished for about a year before finally getting done. The story actually started in March of 2018 when Apollo first reached out to Tech Data about investing in the company. The planned acquisition of Tech Data by Apollo Global Management is likely to soon become a reality, with both sides in agreement and no other suitors for the Clearwater, Fla.-based distributor likely to appear.
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