Tech Data

Avnet | September 26, 2016

And then there were three. For the past several years, the two dominant master resellers of Power-based systems--that would be Avnet and Arrow Electronics--who also sell a whole lot of other kinds of IT gear into datacenters, got a little competition from Tech Data and Ingram Micro joined the fray and started peddling Power gear and related storage. Rather than compete with Avnet, Tech Data decided to shell out a whole lot of money to buy its Technology Solutions division, thus vaulting itself i...

Avnet Technology Solutions | September 19, 2016

Global information technology wholesaler Tech Data Corp. is acquiring Avnet's technology solutions business for $2.6 billion in a cash and stock deal. The Clearwater, Fla.-based Tech Data will pay $2.4 billion in cash and 2.785 million shares of its stock -- representing about 7% of the company -- for the Avnet's tech solutions segment, which provides IT and datacenter hardware and software....

Avnet | September 19, 2016

Avnet Inc. is selling its information technology business to Tech Data Corp. for $2.6 billion in one of the first big moves under its new CEO. The sale for Avnet's Technology Solutions business unit is for $2.4 million in cash and 2.8 million shares of Tech Data (Nasdaq: TECD) common stock, which will give Phoenix-based Avnet (NYSE: AVT) a 7 percent stake in the company. “We believe the acquisition of Technology Solutions by Tech Data is the best decision for our employees, customers, suppliers ...

NetEnrich, Inc. | September 08, 2016

Tech Data Corporation (Nasdaq:TECD) today announced an agreement with NetEnrich, an information technology infrastructure management company, to deliver professional migration and managed service offerings for Microsoft Azure and Enterprise Mobility Suite (EMS). The offering is available to solution providers in the United States through Tech Data’s Technical Services team....