SYNNEX Information Technologies, Inc. Announces the Acquisition of License Online, Inc. and an Extended
Distribution Agreement with Microsoft
FREMONT, CA - May 10, 2002 -
SYNNEX Information Technologies, Inc., a global IT supply chain
services company, today announced that it has acquired the
assets of License Online, Inc., the leading provider of Web-based
software licensing technology. License Online is now a wholly
owned subsidiary of SYNNEX and will continue to operate under
the License Online name.
"The acquisition of License Online represents an efficient
entry into software license sales," said Robert Huang, President
and Chief Executive Officer of SYNNEX Information Technologies, Inc. "By adding License Online's exceptional Web-based platform
for purchasing software licenses online, we expect to quickly
become a leading provider of software products for small
to medium-sized solution providers and their business customers.
"Concurrently, SYNNEX has also been selected as a Microsoft
distribution partner, giving SYNNEX the ability to sell the
full line of Microsoft software, including business, government
and OEM products. Previously, SYNNEX was an authorized OEM
distributor for Microsoft Corporation.
"Microsoft is pleased to add SYNNEX as a distribution partner.
Combining SYNNEX's world-class ability to deliver build-to-order
computer systems with License Online's software licensing
platform will give Channel Partners the tools they need to
provide comprehensive solutions for their customers," said
Pip Marlow, Director of US Distribution Channels at Microsoft
Corporation.
About SYNNEX Founded in 1980 and headquartered in Fremont, CA,
SYNNEX Information Technologies, Inc. is a global IT supply
chain services company providing a comprehensive range of
design-to-distribution services to original equipment manufacturers
(OEMs) and technology solution providers worldwide. The company
has strong expertise in IT distribution, electronics manufacturing
and logistics services. SYNNEX works with leading industry
suppliers in PCs and servers, motherboards, CPUs, memory,
storage, networking, communication and component products.
Additional information about SYNNEX Information Technologies, Inc. may be found online at www.synnex.com. More information
on License Online is available online at www.licenseonline.com.
About License Online
Since 1997, License Online, Inc. (www.LicenseOnline.com), a wholly owned subsidiary
of SYNNEX Information Technologies, Inc., has provided technology and services
that enable its more than 44,000 Channel Partners to sell software licenses
online from popular publishers like Microsoft, Symantec, and Computer Associates.
Today, License Online is the leading online partner serving the Small Business
IT channel. License Online's products and services address the needs of the
entire IT channel: Vendors, Channel Partners and their small-business customers.
For Vendor and Channel Partners, License Online provides eBusiness technology
infrastructure and outsourced processes to help them efficiently manage value
chain relationships. For small-medium sized business customers, License Online
offers access to a network of more than 44,000 solution providers, consultants,
system integrators and system builders who can provide IT products and services,
as well as a proprietary, Web-based software-licensing tool.
License Online was the first Microsoft Channel Commission
partner to demonstrate the value of this innovative program
to solution providers and IT vendors alike.
License Online was also selected as the exclusive Microsoft
channel partner for the anti-piracy campaigns conducted nationwide
this year.License Online also powers the online software
license centers for most major online retailers, including
Amazon.com, Staples.com, OfficeDepot.com, Tiger Direct, buy.com
and others.
Statements in this release that are forward
looking involve known and unknown risks and uncertainties,
which may cause the Company's actual results in future
periods to be materially different from any future performance
that may be suggested in this release. The Company assumes
no obligation to update any forward-looking statements
contained in this release.SYNNEX and the SYNNEX logo are
trademarks of SYNNEX Information Technologies, Inc. or
its subsidiaries and should be treated as such. All rights
reserved. All other company names mentioned herein are
trademarks of their respective owners.
Contact
Sandra Salah
Director of Marketing
SYNNEX Information Technologies, Inc.
Phone: (510) 668-3715 sandras@synnex.com