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TD SYNNEX acquires Apptium for digital transformation

Jul 02, 202514 days ago

Acquiring Company

TD SYNNEX

Acquired Company

Apptium

FremontRestonCyber SecurityInformation TechnologySoftwareAnalyticsMarketplaceE CommerceInformation TechnologySoftware

Description

TD SYNNEX has acquired Apptium, enhancing its technology solutions orchestration strategy. This acquisition strengthens TD SYNNEX's cloud and everything-as-a-service (XaaS) offerings. Apptium will continue to operate as a subsidiary, maintaining its innovative culture while providing increased value to customers and vendors.

Company Information

Company

TD SYNNEX

Location

Fremont, California, United States

About

TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the IT ecosystem. We’re an innovative partner helping more than 150,000 customers in 100+ countries to maximize the value of technology investments, demonstrate business outcomes and unlock growth opportunities. Headquartered in Clearwater, Florida, and Fremont, California, TD SYNNEX’s 23,500 co-workers are dedicated to uniting compelling IT products, services and solutions from 1,500+ best-in-class technology vendors. Our edge-to-cloud portfolio is anchored in some of the highest-growth technology segments including cloud, cybersecurity, big data/analytics, AI, IoT, mobility and everything as a service. TD SYNNEX is committed to serving customers and communities, and we believe we can have a positive impact on our people and our planet, intentionally acting as a respected corporate citizen. We aspire to be a diverse and inclusive employer of choice for talent across the IT ecosystem. For more information, visit www.TDSYNNEX.com or follow us on LinkedIn, Facebook and Instagram.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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