Ingram has been owned by Tianjin Tianhai Investment Company Ltd., a unit of Chinese conglomerate HNA Group, since December of 2016. HNA Group, in turn, has been inspiring less than flattering headlines this year amid a purge of assets aimed at shrinking debts that at one point totaled some $87 billion.
Needless to say, all that bad press has partners (as well as pesky journalists) continually asking Bay what HNA’s travails mean for Ingram. To make matters worse, Reuters reported in April that Ingram would apply for up to $4 billion in financing this year, implying that the company could be short on cash and forcing it to issue a firmly-worded denial.
Anything changed since then?
“Nothing’s changed,” Bay says. “It’s business as usual. We continue to have success and make the investments that we continue to make. And we will continue to make investments on behalf of our solution providers to help them build their business.”
Ingram is essentially insulated from decision-making at HNA anyway, Bay adds, thanks to an agreement two years ago with the U.S. government, which conditioned its approval of the HNA acquisition on a requirement that Ingram operate as a stand-alone entity within its parent company led solely by its own executives and board members.
“We have a ring-fenced relationship,” Bay says of Ingram and HNA.
Photo credit: iStock.com/stockcam
More Galleries like This
Held last week in Los Angeles, the first of the distributor’s live events for 2018 showcased mobility, security, IoT, and vertical industry solutions, among other opportunities, as hot markets for SMB resellers in 2018
Intel, Kaspersky Lab, Barracuda, AlienVault, and RapidFire Tools are among the many vendors who made security news on the second day of this year’s RSA Conference.
Speaking at the distributor’s 2018 Cloud Summit this morning, Senior Vice President for Global Cloud Renee Bergeron (pictured) outlined five best practices that separate leaders in its cloud channel from newbies.
Tomorrow’s news today! A customer-facing portal solution, seamless quote-to-cash software provisioning, and consulting services based on HTG methodologies are among the offerings ConnectWise has in store for its partners.
Read on for details about the forthcoming integration between Datto’s networking products and PSA platform, the future of Datto’s web-based management console, and the company’s continued dedication to open APIs.