FREMONT, Calif. and SYDNEY, July 20,
2017 /PRNewswire/ -- Concentrix Corporation, a wholly
owned subsidiary of SYNNEX Corporation (NYSE: SNX), and Tigerspike
today announced a definitive agreement in which Concentrix will
acquire Tigerspike. Alex Burke, CEO
of Tigerspike, will stay as the leader of Tigerspike and join
Concentrix' senior executive staff, reporting to Chris Caldwell, President of Concentrix.
This transaction is intended to enhance Concentrix' digital
competencies and drive further differentiation and growth in the
market place through Tigerspike's digital domain expertise.
Tigerspike is a digital products and strategy company founded in
2003. The company's unique approach blends technology with human
expertise to deliver business outcomes, such as improvements in
efficiency, productivity and employee engagement, fast for its
clients. It has a full suite of digital competencies (strategy,
experience design, platform and mobile application development and
systems integration), with a focus on enterprise mobility.
The transaction aligns with Concentrix' stated strategy to
further invest in digital and enabling technologies to create
effortless, personalized customer engagements and improved business
intelligence and performance for its clients.
"Tigerspike has established itself as a high-value enterprise
player in digital products and strategy. It's capabilities and
solutions in "Business Digital" stand out and meet a fast-growing
market demand, which we believe we will be able to leverage across
our combined client base," said Chris
Caldwell, President of Concentrix. "This acquisition is
intended to increase Tigerspike's speed to market of these
solutions and provide us new opportunities for expansion.
Tigerspike's approach of blending technology, human expertise, and
the use of data and digital to enhance value to clients through
analytics and business success metrics is both needed and extremely
exciting to our clients."
"This is an exciting step on our journey for Tigerspike as we
continue to scale out our practice, products and approach
globally," said Alex Burke, CEO of
Tigerspike. "Our vision is to transform businesses by empowering
leaders to make better decisions, both now and in the
future. Concentrix shares this vision and our ambition to
deliver business results, faster. Our team, clients and partners
can only benefit from Concentrix and Tigerspike coming
together."
Tigerspike has operations in Australia, Singapore, UAE, Japan, USA,
Poland, and the UK, and adds
approximately 300 staff to Concentrix.
It is anticipated that the transaction will close in Q3 2017,
subject to the satisfaction or waiver of customary closing
conditions. Until the transaction is completed, the companies will
continue to operate independently.
About SYNNEX
SYNNEX Corporation (NYSE: SNX) is a Fortune 500 corporation and
a leading business process services company, providing a
comprehensive range of distribution, logistics and integration
services for the technology industry and providing outsourced
services focused on customer engagement strategy to a broad range
of enterprises. SYNNEX distributes a broad range of information
technology systems and products, and also provides systems design
and integration solutions. Concentrix, a wholly-owned subsidiary of
SYNNEX Corporation, offers a portfolio of strategic solutions and
end-to-end business services around customer engagement strategy,
process optimization, technology innovation, front and back-office
automation and business transformation to clients in ten identified
industry verticals. Founded in 1980, SYNNEX Corporation operates in
numerous countries throughout North and South America, Asia-Pacific and Europe. Additional information about SYNNEX
may be found online at www.synnex.com.
About Concentrix
Concentrix, a wholly owned subsidiary of SYNNEX Corporation
(NYSE: SNX), is a leading business services company. We focus on
customer engagement and improving business outcomes for over 450
global clients across many continents. Our 100,000+ staff deliver
technology-infused, omni-channel customer experience management,
marketing optimization, digital, consulting, analytics and back
office solutions in 40+ languages from 125+ delivery centers. We
serve automotive; banking and financial services; insurance;
healthcare; technology; consumer electronics; media and
communications; retail and e-commerce; travel and transportation;
and energy and public sector clients. Visit www.concentrix.com or
follow @Concentrix on Twitter.
About Tigerspike
Tigerspike is a global digital products company specializing in
strategy, experience design, development and systems integration.
We deliver business value, creating products that are
differentiated by the experience, the technology and the data
derived from both. Founded in 2003, Tigerspike now employs more
than 300 people and has presence in New
York, London, Singapore, San
Francisco, Dubai,
Melbourne, Wroclaw, and
Tokyo. To learn more about
Tigerspike visit www.Tigerspike.com or follow @Tigerspike on
Twitter.
Safe Harbor Statement
Statements in this news release which are not historical facts,
are "forward-looking statements" within the meaning of Section 27A
of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. These forward-looking statements may be
identified by terms such as believe, foresee, expect, may, will,
provide, could and should and the negative of these terms or other
similar expressions. These statements, including statements
regarding the expected timing of the transaction and the impact of
the transaction on Concentrix' and SYNNEX' business and operations,
staffing, Concentrix' stated strategy, and expectations that the
transaction will enhance Concentrix' digital competencies and drive
further differentiation and growth in the market place, increase
the acquired business' speed to market of Business Digital
solutions, provide Concentrix new opportunities for expansion, and
allow Concentrix to leverage certain aspects of the acquired
business, are subject to risks and uncertainties that could cause
actual results to differ materially from those discussed in the
forward-looking statements. These risks and uncertainties include,
but are not limited to, risks relating to Concentrix' ability to
successfully and timely close the acquisition, the impact of the
acquisition on Concentrix' and SYNNEX' operations and financial
performance, Concentrix' ability to compete effectively, and other
risks and uncertainties which apply to SYNNEX Corporation, which
are detailed in our Form 10-K for the fiscal year ended
November 30, 2016 and subsequent SEC filings. Statements
included in this press release are based upon information known to
SYNNEX Corporation as of the date of this release, and SYNNEX
Corporation assumes no obligation to update information contained
in this press release.
Copyright 2017 Concentrix Corporation. All rights reserved.
SYNNEX and CONCENTRIX are registered trademarks of SYNNEX
Corporation, Reg. U.S. Pat. & Tm. Off., used under permission.
All other names and marks are the property of their respective
holders.
SNX-G
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SOURCE Concentrix Corporation