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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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 Corporation or its subsidiaries and should be treated as such. All rights reserved. All other company names mentioned herein are trademarks of their respective owners.