About SYNNEX
SYNNEX is a company based in Fremont (United States) founded in 1980.. The company has 23,000 employees as of November 30, 2024. SYNNEX has completed 4 acquisitions, including Azerty, Concentrix and Minacs. SYNNEX operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others.
- Headquarter Fremont, United States
- Employees 23000 as on 30 Nov, 2024
- Stage Public
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Sectors
Business ServicesTechnology
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Phone
*********
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Website
*********
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Social
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- Legal Name Td Synnex Corporation
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Annual Revenue
$58.45 B1.56as on Nov 30, 2024
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Net Profit
$682.99 M9.8as on Nov 30, 2024
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EBITDA
$1.64 B-6.29as on Nov 30, 2024
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Latest Funding Round
$78.78 M (USD), Post-IPO
Mar 02, 2022
- Investors
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Employee Count
23000
as on Nov 30, 2024
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Investments & Acquisitions
Azerty
& 3 more
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IPO & Listings of SYNNEX
SYNNEX is a publicly listed company on the NYSE with ticker symbol SNX in USA, operating in the Distribution services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Software Development Team
153 people
Sales and Marketing
143 people
Leadership Team
85 people
Finance and Accounting
66 people
Vendor Team
32 people
Operations Team
21 people
Human Resources and Administration
18 people
Legal and Compliance
13 people
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Funding Insights of SYNNEX
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $78.8M
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First Round
First Round
(02 Mar 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Post-IPO - SYNNEX | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SYNNEX
SYNNEX has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Brown Brothers Harriman. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity investments are managed from a USA base.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by SYNNEX
SYNNEX has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Azerty, Concentrix and Minacs. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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1995 | ||||
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Consumer electronics are distributed and marketed across US retail channels.
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1988 | ||||
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Customer engagement services are provided to enterprise clients globally.
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1983 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - SYNNEX
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Synnex Comparisons
Competitors of SYNNEX
SYNNEX operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
High-quality office furniture is provided by UST for various needs.
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| domain | founded_year | HQ Location |
Provider of end-to-end business process outsourcing services
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| domain | founded_year | HQ Location |
Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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| domain | founded_year | HQ Location |
IT outsourcing services are delivered across multiple business lines.
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| domain | founded_year | HQ Location |
IT and management consultancy services are provided globally.
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| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Synnex
Frequently Asked Questions about SYNNEX
When was SYNNEX founded?
SYNNEX was founded in 1980 and raised its 1st funding round 42 years after it was founded.
Where is SYNNEX located?
SYNNEX is headquartered in Fremont, United States. It is registered at Fremont, California, United States.
How many employees does SYNNEX have?
As of Nov 30, 2024, the latest employee count at SYNNEX is 23,000.
What is the annual revenue of SYNNEX?
Annual revenue of SYNNEX is $58.45B as on Nov 30, 2024.
What does SYNNEX do?
Synnex was founded in 1980 and is headquartered in Fremont, United States, operating in the information technology sector. Distribution services are handled for computer systems, peripherals, software, and networking equipment, supplied to resellers, integrators, and retailers. Global business services include customer management, software development, web hosting, and back-office processing, with support via voice, chat, email, and digital channels. Annual revenues reached 14.64 billion in 2021.
Who are the top competitors of SYNNEX?
SYNNEX's top competitors include Happiest Minds, Mavenir and 1&1 IONOS.
Is SYNNEX publicly traded?
Yes, SYNNEX is publicly traded on NYSE under the ticker symbol SNX.
How many acquisitions has SYNNEX made?
SYNNEX has made 4 acquisitions, including Azerty, Concentrix, and Minacs.
Who are SYNNEX's investors?
SYNNEX has 1 investor. Key investors include Brown Brothers Harriman.
What is SYNNEX's ticker symbol?
The ticker symbol of SYNNEX is SNX on NYSE.
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