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