IT and Business Insights for SMB Solution Providers

SYNNEX to Split Into Two Companies: Page 2 of 2

The pending deal will turn wholly owned subsidiary Concentrix into an independent business. SYNNEX will emerge from the separation as a distribution, logistics, and services company named SYNNEX Technology Solutions. By Rich Freeman

At SYNNEX’s Inspire partner conference last October, Polk trumpeted numbers like those as an opportunity for the company to accelerate growth in a time of mounting economic uncertainty.

“We really relish these kinds of times, because we think when there’s uncertainty we can really get more business, we can invest more in our company, and really grow our business overall,” he said during a keynote address. “We’re hiring a lot more people in our company. Where we can’t grow organically, we’re going to do M&A as well.”

In 2018, the most recent year for which figures are available, SYNNEX grew its U.S. SMB revenue 31%, thanks in significant part to rapidly climbing sales of cloud solutions generally and Microsoft Office 365 specifically.

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