SYNNEX Corporation
Announces Strategic Investment in Microland Limited
FREMONT, CA — January
10, 2005 -- SYNNEX Corporation (NYSE: SNX), a global IT supply
chain services company, announced today that it has made a
strategic investment in Microland Limited, an IT infrastructure
management and technical support services company. Through
its strategic alliance with Microland, SYNNEX will offer a
comprehensive range of managed and technical support services
offerings to its resellers and supplier partners. The terms
of the transaction were not disclosed.
Microland is a global
leader in providing end-to-end IT infrastructure management
services to enterprise clients managing worldwide IT infrastructures.
Technical support services are also provided to organizations
to support their end-user or consumer customers through voice,
e-mail or web-based applications. A combination of remote
and on-site services is offered.
"SYNNEX’ investment
in Microland brings an extended value proposition in managed
services to our resellers and suppliers,” stated John
Paget, President of North America and Chief Operating Officer. “Microland
has 15 years of experience and over 800 skilled and certified
engineers dedicated to helping enterprise clients with a
broad set of solutions that support their IT infrastructure
and technical
support requirements efficiently, seamlessly and cost-effectively.
SYNNEX expects to leverage its strategic partnership with
Microland and provide resellers and suppliers extended managed
services
offerings they can in turn deliver to their end customers.”
“We’re
very pleased SYNNEX has chosen Microland as its partner of
choice in this venture,” stated Pradip Madan, President
of Microland Limited. “Microland has proven technical
support services and remote infrastructure management services,
and provides these services to companies varying from smaller
clients with 50-100 servers to very large, worldwide enterprises.
We look forward to working with SYNNEX on delivering managed
services solutions to its resellers and suppliers.”
SYNNEX
expects to launch its managed services program in the beginning
of February 2005.
About SYNNEX
Founded in 1980, SYNNEX Corporation
is a global IT supply chain services company offering
a comprehensive range of services to original equipment manufacturers,
software
publishers and reseller customers worldwide. SYNNEX offers
product distribution, related logistics services and
contract
assembly and works with the leading industry suppliers
of IT systems, peripherals, system components, software and
networking
equipment. Additional information about SYNNEX may be
found online at www.synnex.com.
About Microland
Limited Microland is an IT Infrastructure
Management & Technical
Support Services company. It enables global large & medium
enterprises and service providers to reduce their total cost
of ownership using a combination of onsite & remote services.
With over a decade of proven excellence in operations management
and world-class managerial capabilities, Microland provides
a proven and reliable alternative to global customers in
managing
their enterprise IT infrastructure. Additional information
about Microland may be found online at www.microland.net.
# # #
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Company's actual
results in future periods to be materially different
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