IT distributor Synnex last week completed its acquisition of Tech Data in a deal valued at $8.3 billion. Rich Hume, who had served as chief executive at Tech Data, is now CEO of the newly combined company, now called TD Synnex. The deal is poised to create a much more powerful IT distributor with substantially more scale, which positions TD Synnex as a more formidable competitor to industry leader Ingram Micro. When the deal was announced in March, the companies valued the acquisition at $7.2 billion, based on Synnex’s stock price at the time. A 23 percent rise in Synnex’s stock price since the deal was announced boosted the final valuation at $8.3 billion. Synnex paid an aggregate 44 million shares of its common stock to Apollo Funds, the private investment firm that acquired Tech Data last year for $6 billion. The deal also included $1.1 billion in cash, including a $500 million equity contribution by Apollo and the refinancing of Tech Data’s net debt. Synnex shareholders now own a controlling 55 percent stake in TD Synnex while Apollo holds a 45 percent share.
Verizon last week launched its 5G-based on-premises private mobile edge compute (MEC) offering. The Verizon 5G Edge solution is integrated with Microsoft Azure Stack Edge, which brings Azure compute and storage capability on-premises. It’s intended for organizations who are running operations at edge locations that require low latency and high bandwidth, for applications such as AI, computer vision and augmented reality. This week it became generally available. Verizon and Microsoft revealed last year that they were working together to develop integrated private MEC solutions.
Xerox last week said it had formed a content and document management service provider by consolidating CareAR, DocuShare, and XMPie under a single holding company to be called CareAR, A Xerox Company. ServiceNow made a $10 million equity investment in the new CarAR holdings, which gives it a $700 million valuation, according to Xerox. Xerox is betting that bringing together DocuShare’s content management system, XMPie’s cross-media platform, and Xerox’s PARC Alto AI artificial intelligence engine, will result in an the expanded CareAR service experience platform. Notably, the solution is expected to help organizations that have service and support technicians by offering them visual tools and access to data required to bring improved service experiences, lower operating costs, and reduce the emissions emitted by service providers by lowering on-site service calls.
Managed NetApp ONTAP file systems can now run in the Amazon Web Services (AWS) cloud. The new Amazon FSx for NetApp ONTAP became available from AWS this week. It lets customers launch and run managed ONTAP file systems in the cloud for the first time. ONTAP is NetApp’s file system platform, which is widely adopted data management and access software for on-premises network-attached storage (NAS). According to AWS, Amazon FSx for NetApp ONTAP applications designed to run on ONTAP can now be deployed and managed in AWS using the same NAS workflows they have on-premises. Amazon also said it can integrate with other AWS services.
Acronis has joined its Cyber Protect Cloud with Ingram Micro Cloud’s CloudBlue’s PSA solution. The integration will extend Acronis data protection and endpoint management to service providers who use the CloudBlue professional services automation platform. The integration will allow service providers to receive notifications from Acronis Cyber Protect Cloud through the CloudBlue PSA interface to resolve issues. Acronis said that by tying its tool into CloudBlue PSA, it will consolidate management, monitoring and ticketing.
DigiCert, best known for its TLS/SSL and PKI security solutions launched its new Trust Solutions Partner Program. The company said the program will give partners better access to its new solutions and improved incentives. Among them include “significant discounts and guaranteed margins,” improved deal registration, protected renewals, and new marketing enablement tools. DigiCert also said it will provide partners with training and certification through its PKI University.