Innovix Distribution is getting acquired by Tech Data. Through the acquisition, Tech Data will expand into the Asia Pacific region and enhance its end-to-end solutions capabilities.
The acquisition will help Tech Data strengthen its technologies including within cloud and security, and endpoint offerings. Its business will now expand to key geographies of Malaysia, Singapore, and Hong Kong. The acquisition is expected to close during the third quarter of Tech Data’s fiscal year 2021.
Jaideep Malhotra, president, Asia Pacific, Tech Data said: “This investment demonstrates our commitment to the Asia Pacific region and is an important, early milestone in our transformational journey since being acquired by Apollo Global Management. The addition of Innovix reinforces our collective focus on growth and diversification, supporting Tech Data’s announced plans to transform our company into one that defines a new standard of operational and cultural excellence in our industry.”
The technology distributor, Innovix Distribution, is headquartered in Hong Kong. The company is part of Jardine Matheson Group. Innovix has a great distribution network with more than 8,000 channel partners in Asia. It delivers a range of tech products, solutions and services to all channel segments in the region.
Tech Mahindra inks Rs 400 crorecontract with HAL
microsoft Taiwan data center
China Launches a Global Data Security Initiative
TikTok has been breaking Android policies and collecting user data
Tech Mahindra Launches Blockchain-Based Platform for the Media industry
© 2020 CIO Bulletin. All rights reserved.