TD SYNNEX reports fiscal 2024 first quarter results; announces new $2B share repurchase authorization

FREMONT, CA and CLEARWATER, FL, March 27, 2024 – TD SYNNEX (NYSE: SNX) today announced financial results for the fiscal first quarter ended February 29, 2024.

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TD SYNNEX expands agreement with VMware by Broadcom in Europe

Distributor adds nine new territories and extends value-added enablement offerings with a focus on growth in the SMB segment

BARCELONA, Spain, March 25, 2024 –TD SYNNEX (NYSE: SNX) today announced a significant expansion of its distribution agreement with the leading multi-cloud provider VMware by Broadcom. The distributor has added Austria, Denmark, Finland, Ireland, Norway, Portugal, Slovakia, Sweden and Turkey to its existing agreement for VMware by Broadcom products and solutions.

TD SYNNEX partners can access the multi-cloud provider’s full range of subscription-based solutions including VMware Cloud Foundation, its flagship enterprise-class hybrid cloud solution, and VMware vSphere Foundation, an enterprise-grade workload platform for mid-sized to smaller customers – alongside storage, ransomware and disaster recovery, and application platform services.

The distributor will offer a variety of value-added resources and specialized content focused on helping its partners to accelerate growth and develop their multi-cloud practices with VMware by Broadcom. These include a tailored learning series, developed by the distributor’s in-house Global Specialised Skills division, available exclusively to partners via the TD SYNNEX Channel Academy Platform. This will be complemented at local level by bootcamps, webinars and events aimed at education and enablement on VMware by Broadcom products and solutions. As a VMware by Broadcom authorised training centre, TD SYNNEX brings the full portfolio of technical training and certification to support its partners’ development of technical practices and competence. The distributor will also offer expert guidance and support to help its partners to meet VMware by Broadcom’s updated partner program criteria.

Jason Boxall, senior vice president, Europe, Advanced Solutions at TD SYNNEX said: “We are delighted to extend and deepen our partnership with VMware by Broadcom. This presents an excellent opportunity for large resellers and SMB partners to leverage TD SYNNEX’s enablement resources in order to enhance their expertise in hybrid cloud and virtualization, and drive business growth with a scalable, robust, and cutting-edge set of solutions from VMware by Broadcom.”

In addition to the newly added countries listed above, VMware by Broadcom solutions are already available to TD SYNNEX partners in Belgium, Czech Republic, France, Germany, Italy, Netherlands, Poland, Spain, Switzerland and the United Kingdom.

Partners who wish to know about the distributor’s VMware by Broadcom offering should contact their local TD SYNNEX cloud representative.

Picture: Jason Boxall, TD SYNNEX.

 

TD SYNNEX accelerates circular economy offerings in Europe with Cisco Refresh certified remanufactured products

  • Distributor to stock certified remanufactured Cisco products in its logistics facilities
  • Enables partners to adopt circular IT procurement with increased affordability and enhanced customer experience

BARCELONA, Spain, March 21, 2024 – TD SYNNEX (NYSE: SNX) today announced the acceleration of its Cisco Refresh certified remanufactured equipment offerings across Europe. In a new development, the distributor is now holding Cisco Refresh stock directly in its logistics facilities ready to ship to partners. This enables accelerated delivery times and increased transparency in product availability, helping partners to incorporate a greater range of environmentally sustainable solutions in their Cisco offerings to the market.

This development comes at a time of rapid acceleration in demand for environmental sustainability in IT procurement. As referenced in the latest TD SYNNEX Directions of Technology Report, 69 percent of channel players are now seeing ESG considerations influencing IT procurement and 51 percent say they offer recycling or circular economy take-back schemes, with 33 percent of partners planning to invest in product lifecycle management in the next twelve months. In addition, partners report that many public sector projects require a percentage of IT products to be procured from the circular economy, driving further demand for remanufactured or recycled products.

Sam Paris, vice president, security and networking at TD SYNNEX said: “Having Cisco Refresh stock on the shelf means that we can serve our partners with agility and transparency, and, while the products may be pre-owned, there is no compromise on quality, performance or upgrade status. Thanks to Cisco’s rigorous certification process and standards, these products really are as good as new.

“This is a great example of how we at TD SYNNEX bring our corporate commitment to circular economy principles to life, helping our industry partners to minimize waste and win in the market with a robust offering of remanufactured products across a broad selection of categories,” added Paris.

Cisco Refresh remanufactured products are available across an extensive range of product types including collaboration devices, routers, switches, security solution and transceiver modules. Certified remanufactured equipment is pre-owned product that has received critical software and hardware upgrades and has been thoroughly tested to meet stringent manufacturer specifications, meeting the same quality standards that end-users would expect from a new product.

As announced by the distributor, partners in Europe who wish to accelerate their circular economy practices with Cisco products can obtain Cisco’s Environmental Sustainability Specialisation accreditation, via TD SYNNEX. This accreditation enables partners to access and benefit from Cisco’s sustainable IT programs such as Takeback and Green Pay. The accreditation also helps partners to advance toward Cisco Select Partner status.

Partners looking to find out more about how to access Cisco Refresh certified remanufactured equipment should contact their local TD SYNNEX Cisco business contact.

Picture: Sam Paris, TD SYNNEX.

 

SYNAXON UK expands its portfolio with the addition of Origin Storage

Full range from hybrid manufacturer and distributor added to EGIS, with best-selling lines also being made available through SYNAXON Hub, giving partners access to exceptional storage, data security and accessory products

Wolverhampton, 18 March 2024 – SYNAXON has added Origin Storage to the growing portfolio, giving partners access to pricing and availability on the company’s range of leading brands on its EGIS platform, and also a number of Origin products available via SYNAXON Hub.

A specialist in data storage and security, Origin’s vendor partners include DataLocker, iStorage, Lexar, QNAP, Samsung, and more. Origin also offers its own-brand memory and accessory products and is a well-known and established supplier to many resellers in the UK. All products available from Origin Storage will now be available to SYNAXON partners through EGIS, with selected lines also being offered from SYNAXON Hub, giving partners fast access to the company’s best-selling products.

Mike Barron, UK Managing Director, said that the addition of Origin makes EGIS and the SYNAXON Hub even better services for reseller partners. “Origin’s outstanding range of portfolio of vendors and its own products adds a new dimension, both to EGIS and the SYNAXON Hub. It gives our partners access to a range of advanced storage and data security solutions that address the dynamic storage needs of today’s customers. It brings new potential for partners to differentiate and we look forward to working with Origin to introduce its exciting range to our MSP and reseller community.”

With up-to-date stock, pricing and availability information from over 40 leading distributors, EGIS provides IT resellers and retailers with a quick and efficient way to locate the products they need and maximise their purchasing efficiency. Partners can use the platform to assess different options, consolidate orders and find the best possible combination of pricing and delivery, minimising shipment costs and helping to reduce their carbon footprint.

The SYNAXON Hub provides partners with fast access to the most popular and best-selling product lines, allowing them to meet the most immediate needs of their customers quickly and efficiently, while offering competitive pricing and good retained margin.

“With EGIS, it’s not necessary to trawl around all the different distributor websites, seeing the best availability and pricing”, said Barron. “All the information partners need is available in one place, and by making use of EGIS for all their product needs, they save time, reduce their costs and can deliver a better service to their customers. The SYNAXON Hub is another extremely valuable resource for our partners – one that they increasingly making use both to meet the most pressing needs of their customers and deliver a great service to them.”

Commenting on behalf of Origin Storage, Stuart Eling, Managing Director, stated: “Over the last two decades, Origin has become a trusted supplier to some of the biggest names in the market. We’re looking forward to working with the SYNAXON team to spread that renown to more partners, and giving them the opportunity to experience the quality of our products, the high levels of service, and the competitive pricing that we can offer them.”

Founded in 2001, Origin Storage has built a reputation as a dependable provider to UK IT resellers. Its dedicated team of elite advisers possess a wealth of knowledge in storage and data security, and the company’s strong business relationships enable Origin to continually expand and bring fresh and innovative products to add to the IT marketplace.

Picture: Mike Barron, SYNAXON UK.

 

Zyxel Networks unveils fast and affordable WiFi 7 option for SMBs

The new NWA130BE offers unparalleled speed and ultra-low latency to supercharge WiFi for modern workplaces.

Zyxel Networks, a leader in delivering secure, AI-powered cloud networking solutions, has released its NWA130BE – BE11000 WiFi 7 Triple-Radio NebulaFlex Access Point (AP). With WiFi 7-supported devices ready to go mainstream in 2024, the NWA130BE enables small to medium-sized businesses (SMBs) to benefit from unparalleled network speed, capacity and the best possible WiFi experiences.

The NWA130BE delivers enterprise-class WiFi 7 performance, with easy installation and management, at a price that’s affordable for smaller businesses. It enables SMBs to enjoy the full benefits, future proofing and investment protection of the latest wireless standard,and take advantage of Zyxel Networks’ Nebula cloud management platform to configure, monitor and control network devices remotely.

“With the introduction of the NWA130BE, Zyxel Networks is setting a new standard for premium connectivity in business environments,” comments Mr. Kell Lin, Senior Associate Vice President, Networking Solutions Business Unit, Zyxel Networks. “The NWA130BE combines cutting-edge technology with thoughtful design, delivering exceptional performance and simplified management through our Nebula platform.”

The go-to option for WiFi 7 upgrades
The NWA130BE boasts a tri-band BE11000 architecture, supporting speeds of up to 11Gbps and providing double the bandwidth capacity of WiFi 6 through its extra-wide 320MHz channels, which are exclusive to WiFi 7 devices. It also incorporates a Qualcomm Quad-Core CPU for robust performance, and 4K QAM and Multi-Link Operation (MLO) capabilities, boosting peak data rates by up to 20 percent and reducing latency.

The NWA130BE makes upgrading to WiFi 7 easy thanks to its twin 2.5G Ethernet ports, which allow users to leverage affordable 2.5G switches, removing the need for costly re-cabling. With two 2.5G ports, the NWA130BE delivers greater flexibility and value for customers – comparable access points currently on the market typically have a single 2.5G port only.

Silencing the noise
The capability to distinguish the right signal and ignore noise is key to delivering the best WiFi performance. Thanks to its rectangular design, the NWA130BE maximizes the distance between antennas for a stronger signal-to-noise ratio (SNR) and reduced interference, which is crucial for crowded or high-density workspaces. Additionally, its exclusive RF-first design minimizes potential interference, including that from nearby WiFi channels and 4G/5G mobile networks, through its Advanced RF Filter and Advanced Cellular Coexistence features.

AI-powered WiFi management and unified security
Assuring network service is essential to business efficiency and productivity, but it can become challenging when businesses scale.  Seamlessly integrated with Zyxel Networks’ Nebula cloud, the NWA130BE provides businesses with central management and full visibility of their networks. Nebula’s AI-powered WiFi Aid and Wireless Health features can automatically diagnose network access issues across the entire wireless client onboarding journey and resolve common WiFi issues, saving administrators’ time on tedious troubleshooting.

Businesses can also utilise Nebula’s Connect & Protect Plus (CNP+), a cloud-delivered security service directly attached to the AP. This provides users with additional protection from malware, phishing and malicious sites. Administrators can implement security policies directly through the AP without altering existing network infrastructure.

For more information about the NWA130BE and Zyxel Networks’ comprehensive networking solutions, please visit https://www.zyxel.com/global/en/products/wireless/be11000-wifi-7-triple-radio-nebulaflex-access-point-nwa130be.

 

TD SYNNEX prepares to deliver first systems with Qualcomm AI processors to UK partners

Laptops utilising new Snapdragon X Elite CPUs with generative AI capability on the chip expected to be unveiled in the first half of this year

Basingstoke, 27 February 2024 – TD SYNNEX (NYSE: SNX) first in the industry to have access to devices powered by the new range of Qualcomm Snapdragon X Elite processors with built-in AI capability expected to be announced by leading PC systems vendors in mid-2024.

TD SYNNEX is working with Qualcomm to raise awareness and pave the way for the arrival of systems that make use of the new processors which, as well as being capable of running everyday Windows applications, will come with embedded AI capabilities. This means that users will not have to depend on cloud-based platforms to make use of generative AI. In addition, some Qualcomm CPUs will come with built-in support for 5G and for WiFi 7.

James Reed, managing director, Endpoint Solutions, UK and Ireland, TD SYNNEX, said: “Qualcomm is set to make real waves in the market and as a result of its collaboration with TD SYNNEX, our partners can expect to be amongst the first to be exposed to new laptops that make use of their exceptional performance and built-in generative AI. Snapdragon is already a trusted name in the mobile market and we are expecting the launch of the new Snapdragon X Elite CPUs to cause quite a stir and for customers at all levels to be very keen to hear about their capabilities.”

TD SYNNEX will be ready to help partners respond to the heightened interest that the launch of the Snapdragon X Elite is expected to trigger, said Reed. “We have been working with key vendors to make sure our team is ready to answer any questions that our partners might have about the new Snapdragon X Elite CPUs and to secure good levels of inventory in advance. We anticipate that many of the customers who have been holding back on upgrades in anticipation of this new wave of AI-capable laptops and PCs arriving, will now start to take a serious look at their options. In many cases, those upgrades will have been long overdue, and there should be good potential for partners to drive business.”

In addition, reseller partners will also be able to make use of TD SYNNEX’s Trade-in services, which provide assured disposal and recycling, to help customers meet their sustainability goals, he added. “Partners can use our services to quote for trade-in deals on any laptop or mobile device from any manufacturer. As well as ensuring all products are fed back into the circular economy and do not end up in landfill, trade-ins mean the customer gets an even better deal, which in turn makes upgrading even more attractive.”

Whether it is a complete estate of laptops, PCs or tablets that are being upgraded, or just a single device, TD SYNNEX can provide partners with various finance options. These include Tech-as-a-Service (TaaS) deals that allow customers to spread the cost of new equipment over a period of two years or more. TD SYNNEX also recently announced Microsoft Flex – a programme specifically aimed at customers purchasing new Surface products.

TD SYNNEX will provide detailed information on the new Snapdragon X Elite products available to partners and will also be holding a number of briefing sessions over the next few weeks.

Picture: James Reed, TD SYNNEX.

 

 

 

TD SYNNEX extends OpenMPS support to Epson Workforce A3 series

Enables partners to address ecological concerns of customers with automated ink replacement, monitoring and on-site warranty cover from day one

Basingstoke, 21 February 2024 – TD SYNNEX (NYSE: SNX) has announced that it has integrated the Epson Workforce Enterprise series of A3 copiers and printers into its OpenMPS managed print service. This gives partners the opportunity to offer customers remote monitoring, automated cartridge replacement, and on-site warranty cover, along with the energy- and waste-saving benefits of Epson’s unique Heat-Free inkjet technology, from the point of installation.

The OpenMPS service empowers partners to manage all their end customers’ printing devices, with automated shipments of supplies, remote monitoring of print devices, and on-site warranty cover. Partners have full control over customer pricing and receive automatic alerts when consumables orders are placed. Smart dashboarding and full reporting allows them to view all orders and shipments in one place, and enhanced data checking protects against fraud.

The integration of the Epson Workforce series into OpenMPS allows partners to offer a complete end-to-end service on these super-fast and highly capable devices. This is significant because, as well as making OpenMPS even more useful, there have been few A3 options available for partners to take to market, said Peter Lunn, managed print lead, UK, TD SYNNEX.

“With on-site warranty cover for all the leading brands and really simple remote monitoring and ink replenishment, OpenMPS enables partners to add more value to every print device and increase their managed services subscription income. It’s a really easy and effective way for SMB partners to start offering managed print services.

Support for the Epson Workforce series provides partners with a really good solution from a top-name brand that they can take into shared environments where A3 is an absolute necessity. Add to this the energy saving benefits of Epson Workforce series and you have a very attractive value proposition indeed with a broad market appeal.”

Lunn believes there will be good opportunities in the market with Open MPS and the Epson Workforce series “A lot of organisations have been holding back on spending, but are now looking to update shared printing devices, so there is some really good potential out there. When they do commit to upgrading, customers will not want to compromise on performance or energy efficiency and with the Epson Workforce they don’t have to – they get high print speeds, exceptional quality and lower overall costs.”

The Epson Heat-Free inkjet technology used in the Workforce series delivers lower power consumption and has fewer replacement parts, reducing waste and the burden on recycling emissions, as well as the need for user intervention.

Picture: Peter Lunn, TD SYNNEX.

 

TD SYNNEX adds Trillion dark web protection to cybersecurity portfolio

Enables MSSPs to provide value-added proactive monitoring of corporate identities that are being shared on the dark web provides

Basingstoke, 14 February 2024 – TD SYNNEX (NYSE: SNX) has formed an alliance with specialist ISV, Crossword Cybersecurity, that will give partners access to Trillion, the company’s advanced dark web data mining platform for businesses, for the first time.

Ideal for managed security services providers (MSSPs), Trillion proactively scans for customers’ employee usernames and passwords that are being shared on the dark web. It also provides information on where and how the information was sourced.

Full enablement and support on the solution will be provided for Trillion by TD SYNNEX’s specialist security practice in collaboration with Crossword Cybersecurity’s own UK-based team. Channel programmes for both managed services providers and reseller partners are available for Trillion, which becomes part of a wide-ranging portfolio of security solutions and services available through the TD SYNNEX security practice.

Alison Nixon, director, security, UK, TD SYNNEX, said: “The dark web has become a distinct and growing threat to organisations and Trillion is a valuable addition to our expanding security portfolio. It enables MSPs and partners to offer monitoring of the dark web and thus help their customers to be aware that information is out there that could be used to break their own or their customers’ network and data protection.”

The addition of Trillion makes TD SYNNEX even better-placed to support partners in growing and developing their cybersecurity business, she added.

“The wide-ranging portfolio of best-of-breed cybersecurity solutions and services – from leading and specialist vendors, developers and service providers – that TD SYNNEX now offers, enables partners to take a comprehensive cybersecurity and data protection proposition to their customers. Whether they are already established as an MSSP, or just starting to build their own practice, we can provide the expertise, enablement and support they need to grow and develop their business.”

This new addition is, in part, a response to partner feedback. “Within the TD SYNNEX security practice, we are acutely aware of the growing threat that the dark web poses and in recent times it’s come up more often in conversations with partners. If data is out there on the dark web, that’s just as dangerous for small as well as large organisations and, in addition to being extremely effective, Trillion is also very scalable and affordable. We see this as an opportunity for MSSPs and partners addressing every sector of the market to add value for their customers by keeping them one step ahead.”

Commenting on behalf of Crossword Cybersecurity, Stuart Jubb, Group Managing Director, stated: “Trillion has been designed to provide organisations with the pro-active protection from the potential threats that exposure of information on the dark web can bring. Our alliance with TD SYNNEX will allow us to reach out to partners and enable more organisations to benefit from knowing exactly what information from their files has found its way onto the dark web.”

Trillion continuously tracks, correlates and analyses billions of stolen usernames and passwords, hunting for digital identities that could belong to organisations or their customers.

Picture: Alison Nixon, TD SYNNEX.

 

TD SYNNEX becomes UK distributor for the full NVIDIA enterprise product portfolio

TD SYNNEX’s partners can take advantage of value-added services to maximise their AI opportunities with full range of NVIDIA software and accelerated computing solutions now available to order

Basingstoke, 12 February 2024 – TD SYNNEX (NYSE: SNX) announced today it is now a UK distributor for the full range of NVIDIA enterprise software and accelerated computing products. Partners can now come to TD SYNNEX for all their NVIDIA product or platform requirements – from NVIDIA AI Enterprise and NVIDIA Omniverse Enterprise software licenses for developers to high-performance networking adapters to accelerated computing GPUs and superchips.

Partners can leverage TD SYNNEX’s accelerated delivery, flexible credit and finance options, as well as its technical and professional services. These additional services enable customers to maximise their overall sales potential and profitability.

Simon Bennett, managing director, Advanced Solutions UK and Ireland, TD SYNNEX, hailed the agreement as a major addition to the TD SYNNEX range. “Many organisations today depend on complex, hybrid infrastructures that encompass multiple cloud and on-premises resources. NVIDIA technologies help drive the next-level graphics, HPC and AI performance essential for these intensive workloads. We will be working closely with NVIDIA to make sure that our team is ready to provide partners with the technical and professional support and services they need to optimise NVIDIA’s high-performance solutions, from the cloud to the data centre and right out to the edge.”

Bennett noted that the extended collaboration between the two companies means that TD SYNNEX can now meet all partners’ NVIDIA needs, whether they are looking to deploy its solutions as part of their own designs or as part of other systems’ brands.

“NVIDIA technologies are used within the solutions from many leading vendors that we partner with, such as Dell, HPE and Lenovo, and now, with the extended distribution agreement, we can also provide the full NVIDIA portfolio directly to partners as well,” he said.

Picture: Simon Bennett, TD SYNNEX.

 

TD SYNNEX named a 2024 FORTUNE World’s Most Admired Company

TD SYNNEX honoured for third consecutive year

FREMONT, Calif., & CLEARWATER, Fla. – February 8, 2024 – TD SYNNEX (NYSE: SNX) today announced it has been named one of the “2024 World’s Most Admired Companies” by FORTUNE. This is the third consecutive year the company has been named to the list, following the legacy companies’ long history of inclusion on the list as well.

“We are honoured to be part of this distinguished list of companies once again and to see our team recognised for their passion for empowering our global partners to achieve great outcomes with technology,” said TD SYNNEX CEO Rich Hume. “This consistent achievement is a reflection of the culture fostered by our 23,000-plus co-workers around the globe, who are all committed to making each other and our partners successful every day.”

The list of World’s Most Admired Companies is developed annually by Fortune in partnership with Korn Ferry. Candidates for the list include 1,500 of the largest companies from around the globe and winners are chosen based on the results of a corporate reputation survey administered to top executives, directors and members of the financial community. Full methodology can be found at fortune.com.

Picture: Rich Hume, TD SYNNEX.