Tech Data Signs Definitive Agreement to Acquire the Business of Inflow Technologies
December 16 2019 - 6:00PM
Business Wire
Tech Data is investing in next-generation
technologies, strengthening its end-to-end portfolio and optimizing
its footprint in Asia
Tech Data (Nasdaq: TECD) today announced it has entered into an
agreement to acquire the business of Inflow Technologies (“Inflow
Technologies”), a leading value-added distributer with expertise in
areas like cybersecurity and networking. The acquisition is subject
to customary regulatory approvals and is expected to close during
Tech Data’s first quarter of fiscal year 2021.
By acquiring the business of Inflow Technologies, Tech Data will
optimize its presence in the Asia Pacific region and strengthen the
company’s end-to-end portfolio, enabling customers to offer a
broader set of capabilities particularly around next-generation
technologies like security.
"The addition of Inflow Technologies directly supports our
strategy of delivering higher value – especially in the areas of
investing in next-generation technologies, strengthening our
end-to-end portfolio and optimizing our global footprint," said
Rich Hume, chief executive officer, Tech Data. "In particular, this
acquisition helps us to strengthen our portfolio of networking and
security solutions we’re able to offer to our channel partners
while optimizing our footprint in Asia Pacific, which is an
important region for Tech Data.”
Inflow Technologies is headquartered in Bangalore, India, and is
a value-added distributor for a host of technologies, including
cybersecurity, networking, unified communications and
collaboration, storage and server management, infrastructure and
application software, automatic identification and data capture,
electronic security, and related services in South Asia.
“As a technology enabler, Inflow Technologies brings a variety
of core competencies to Tech Data, including business development,
channel engagement, training, and pre-sales and post-sales
support,” said Byju Pillai, president and chief executive officer,
Inflow Technologies. “Our combined skills, portfolios, talent and
shared commitment to exceptional service with world-class execution
will enable us to deliver higher value to our channel
partners.”
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For additional information
with respect to risks and other factors which could occur, see Tech
Data’s Annual Report on Form 10-K for the year ended January 31,
2019, including Part I, Item 1A, “Risk Factors” therein, Quarterly
Reports on Form 10-Q, Current Reports on Form 8-K and other
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About Tech Data
Tech Data connects the world with the power of technology. Our
end-to-end portfolio of products, services and solutions, highly
specialized skills, and expertise in next-generation technologies
enable channel partners to bring to market the products and
solutions the world needs to connect, grow and advance. Tech Data
is ranked No. 88 on the Fortune 500® and has been named one of
Fortune’s World’s Most Admired Companies for 10 straight years. To
find out more, visit www.techdata.com or follow us on Twitter,
LinkedIn, Facebook and Instagram.
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version on businesswire.com: https://www.businesswire.com/news/home/20191216005814/en/
Sarah Jenkin Marketing and Communications, Asia Pacific + 61 2
8875 0523 sarah.jenkin@techdata.com
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