Synnex Corp.

Synnex Corp.

Synnex Corp.

Overview
Date Founded

1980

Headquarters

44201 NOBEL DRIVE, FREMONT, CA, 94538

Type of Company

Public

Employees (Worldwide)

280K

Industries

Wholesale: Technology
IT Consulting & Services
Other Business & Consulting Services
Appliances & Electronics
Industrial Machinery & Manufacturing
Wholesale: Consumer Durables
Retail: Other
Media Conglomerates
Retail: Appliances & Electronics
Computer Software

Company Description

SYNNEX Corp. engages in the provision of distribution, logistics and integration services for the technology industry. It operates through the following segments: Technology Solutions and Concentrix. The Technology Solutions segment distributes peripherals, IT systems including data center server and storage solutions, system components, software, networking equipment, consumer electronics, and complementary products. The Concentrix segment offers a portfolio of strategic solutions and end-to-end business services to customers in industry vertical markets. The company was founded by Robert T. Huang in November 1980 and is headquartered in Fremont, CA.

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Executives & Employees

President & Chief Executive Officer

Chief Financial Officer, Principal Financial & Accounting Officer

Senior Vice President, General Counsel & Corporate Secretary

President, North America Technology Solutions

Head-Business Operations & Vice President

President, Hyve Solutions Corporation

Senior Vice President-Sales

Senior Vice President, Human Resources, Technology Solutions Americas

Senior Vice President-SYNNEX Print Solv Wide Format

Senior Vice President-HP Product Management

Board of Directors

Chief Executive Officer at Concentrix Services US, Inc.

President & Chief Executive Officer at Synnex Corp.

Member at Astia Angels

Co-Founder at SignalDemand, Inc.

Former President & Chief Executive Officer at Synergex Corp.

Former President, Chief Executive Officer & Director at Con-Way, Inc.

Corporate Vice President Vice President, Human Resources, Xerox Services at Xerox Corporation

Executive Vice President at Synnex Corp.

Owner at F.A. Breidenbach & Associates LLC

Founding Director, Program for Financial Studies at Columbia University - Columbia Business School

Paths to Synnex Corp.
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Synnex Corp.
Owners & Shareholders
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ABI has a focus on long-term equity and risk arbitrage investment. The firm seeks to make concentrated investments in publicly traded companies where they believe the market price of a business is significantly below its present value. The investment strategy does not place any restriction on Abrams Bison's ability to invest any portion of their clients' accounts assets in a single industry, sector, market capitalization or geographic area, although the firm has historically focused on US companies.

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Lyrical Asset Management employs a value investment approach. They believe that a portfolio of companies with low valuations relative to their long-term normalized earnings power will outperform the overall market over time. The firm's philosophy is to invest only in businesses that they believe are of high quality. Investments are limited to publicly-traded equity securities and cash equivalents. Clients may impose restrictions on investing in certain securities or types of securities. Each portfolio candidate/stock idea goes through a fundamental research process. This process is designed to develop an understanding of the business, including drivers of growth and profitability, competitive advantages, position and leverage with customers and suppliers, historical and potential business threats/opportunities, and management style, objectives and incentives. Attractive investment ideas are considered for inclusion in the portfolio.

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Burgundy utilizes a value-focused global investment approach that seeks to preserve clients' capital while providing long-term superior investment returns. The firm offers investment strategies across many major asset classes, including but not limited to US large- and small/mid-cap, international, emerging markets and global equities. Burgundy employs a bottom-up investment approach, which focuses on strong business fundamentals and outstanding management teams and aims to reduce the inherent risk in investing. This approach is designed to achieve lower volatility than the market averages. The firm’s investment process is driven by limiting downside through a “margin of safety”. They prefer to invest in companies that are capital rich, but which earn a high return on their financial capital. Companies that have a long history of good profitability, that generate high levels of free cash flow, are the basis of their investment style.

Recent Transactions
Details Hidden

purchases Concentrix Solutions Corp. from Synnex Corp.

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Synnex Corp., Concentrix Solutions Corp. purchase Convergys Corp.

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Synnex Corp. purchases Datatec Ltd. /Subsidiaries (3) from Datatec Ltd.

Transaction Clients

Advised on Award Software International, Inc. issued USD Common Stock

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onSynnex Corp., Concentrix Solutions Corp. purchase Convergys Corp.

Auditor

Advised onSynnex Corp. issued USD Common Stock

Underwriter

Advised onSynnex Corp. issued USD Common Stock

Legal Advisor

Advised onSynnex Corp., Concentrix Solutions Corp. purchase Convergys Corp.

Legal Advisor

Advised onSynnex Corp. purchases Datatec Ltd. /Subsidiaries (3) from Datatec Ltd.

Legal Advisor

Advised onSynnex Corp., Concentrix Solutions Corp. purchase Convergys Corp.

Advisors & Consultants
Legal Advisor

Partner, Silicon Valley at Pillsbury Winthrop Shaw Pittman LLP

Legal Advisor

Partner, Silicon Valley & San Francisco at Pillsbury Winthrop Shaw Pittman LLP

Publicist

Senior Director at Hughes Agency LLC

Clients

Founded in 1997, HTC built its reputation as the behind-the-scenes designer and manufacturer of many of the most popular OEM-branded mobile devices on the market. HTC corporation Since 2006, we have regularly introduced many critically-acclaimed mobile devices under our own brand, and our portfolio includes smartphones and tablets powered by the Android and Windows Phone operating systems. We are dedicated to creating a customized user experience and believe that each mobile device needs to fit its owner, and not the other way around. What we make is not merely the product of focus group tests, but of observing and honoring how individuals choose to interact with technology. Our customers guide everything we do at HTC, and it’s this commitment that defines the company

Check Point Software Technologies Ltd. engages in the development and market of software and hardware solutions for information technology security. Its products include threat prevention, next generation firewalls, mobile security, and security management. Its solutions cater to the following: point of sale systems, automated teller machines, private and public cloud, and telecommunications providers. The company was founded by Gil Shwed, Marius Nacht, and Shlomo Kramer in July 1993 and is headquartered in Tel Aviv, Israel.

HP Inc. enages in the provision of personal computing and other access devices, imaging and printing products, and related technologies, solutions, and services. It operates through following business segments: Personal Systems, Printing, and Corporate Investments. The Personal Systems segment offers commercial and consumer desktop and notebook personal computers, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support and services for the commercial and consumer markets. The Printing segment gives consumer and commercial printer hardware, supplies, solutions and services,and scanning devices. The Corporate Investments segment includes HP Labs and certain business incubation projects. The company was founded by William R. Hewlett and David Packard in 1939 and is headquartered in Palo Alto, CA.

Key Stats and Financials As of 2020
Market Capitalization
$4.45B
Total Enterprise Value
$10B
Earnings Per Share
$10.21
Revenue
$24.7B
Net Profit
$523M
EBITDA
$1.32B
EBITDAMargin
5.34%
Total Debt
$3.38B
Total Equity
$4.34B
Enterprise Value / Sales
0.41x
Enterprise Value EBITDAOperating
7.15x
TEVNet Income
19.15x
Debt TEV
0.34x
Three Year Compounded Annual Growth Rate Of Revenue
13.12%
Non-Profit Donations & Grants
Investments
Details Hidden

Mangosteen BCC Pte Ltd. develops wealth management digital platform. The firm provides automated, technology-augmented and algorithm-based portfolio management services. Its solutions include intelligent advisory and white label robo. The company was founded by Ned Phillips in February 2016 and is headquartered in Singapore.

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Microland Ltd. provides information technology and infrastructure management services. It offers cloud, datacenter, end user, network, security, application management, managed, and professional services. The company was founded by Pradeep Kar in 1989 and is headquartered in Bangalore, India.

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nSTREAMS Technologies, Inc. provides interactive Television and video server based technologies. It offers solutions for the cable, telco, healthcare, education/training and hospitality markets. The firm also provides integration services for air programming and cable channels. The company was founded in 1995 by Ching-San Hsu and Pong-Sheng Wang and is headquartered in Taipei, Taiwan.

Suppliers
Overland Storage Inc. Other Business & Consulting Services | San Diego, CA

Overland Storage, Inc. engages in provision of unified data management and data protection solutions. Its products include snap server, NEO agility, tandberg data, NEO series, snap server video, surveillance solutions, snap scale, and snap storage manager. The company was founded in 1979 and is headquartered in San Diego, CA.

AltiGen Communications Inc. Wireless Telecommunications | San Jose, CA

AltiGen Communications, Inc. engages in the provision of Microsoft cloud solutions. It operates through the North America, and Rest of the World geographical segments. The North America segment comprises of United States, Canada, Mexico, Central America, and the Caribbean. The Rest of the World segment focuses on Europe. The company was founded by Gilbert Hu in May 1994 and is headquartered in Milpitas, CA.

HP, Inc. Industrial Machinery & Manufacturing | Palo Alto, California

HP Inc. enages in the provision of personal computing and other access devices, imaging and printing products, and related technologies, solutions, and services. It operates through following business segments: Personal Systems, Printing, and Corporate Investments. The Personal Systems segment offers commercial and consumer desktop and notebook personal computers, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support and services for the commercial and consumer markets. The Printing segment gives consumer and commercial printer hardware, supplies, solutions and services,and scanning devices. The Corporate Investments segment includes HP Labs and certain business incubation projects. The company was founded by William R. Hewlett and David Packard in 1939 and is headquartered in Palo Alto, CA.

Competitors
Accenture Plc IT Consulting & Services - Dublin, Ireland

Accenture solves their clients' toughest challenges by providing unmatched services in strategy, consulting, digital, technology and operations. They partner with more than three-quarters of the Fortune Global 500, driving innovation to improve the way the world works and lives. With expertise across more than 40 industries and all business functions, they deliver transformational outcomes for a demanding new digital world.

Arrow Electronics, Inc. Wholesale: Industrial Products & Manufacturing - Englewood, CO

Arrow Electronics is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions, with 2011 sales of $21.4 billion. Arrow serves as a supply channel partner for more than 120,000 original equipment manufacturers, contract manufacturers and commercial customers through a global network of more than 390 locations in 53 countries. A Fortune 200 company with 15,700 employees worldwide, Arrow brings technology solutions to a breadth of markets, including telecommunications, information systems, transportation, medical, industrial and consumer electronics.

Sykes Enterprises, Inc. IT Consulting & Services - Tampa, FL

Sykes Enterprises, Inc. engages in the provision of multichannel demand generation and global customer engagement services. It operates through the following segments: Americas, Europe, the Middle East and Africa (EMEA), and Other. The Americas segment includes the United States, Canada, Latin America, Australia, and the Asia Pacific Rim; and offers outsourced customer engagement solutions and technical staffing. The EMEA segment covers outsourced customer engagement solutions and fulfillment services. The Other segment represents other items such as corporate and other costs, other income and expense, and income taxes. The company was founded by John H. Sykes in 1977 and is headquartered in Tampa, FL.

Awards & Honors
Rank #212
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #212
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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