SYNNEX Corporation Announces Definitive Agreement To Acquire Concentrix Corporation
Acquisition expands SYNNEX’ capabilities in integrated marketing solutions
FREMONT, CA – September 11, 2006 – SYNNEX Corporation (NYSE: SNX), a global IT supply chain services company, announced today that its wholly owned subsidiary, BSA Sales, LLC has signed a definitive agreement to acquire Concentrix Corporation.
Based in Rochester, New York, Concentrix Corporation is an integrated marketing company that provides call center, database analysis, and print on demand services to customers in the transportation, publishing, banking, healthcare and high technology industries. The Concentrix and BSA Sales operations will be integrated under the Concentrix name, expanding the offering of marketing services.
“Concentrix’s business strategy complements the vision of BSA Sales,” said Robert T. Huang, President and Chief Executive Officer of SYNNEX Corporation. “We look for acquisitions, like Concentrix, that will further strengthen our capabilities and service offerings.”
“This acquisition will immediately expand our resources and capabilities within BSA Sales,” said Dick Rapach, Vice President and General Manager of BSA Sales, LLC . “Concentrix’s highly qualified and focused employee base will complement our team at BSA Sales and enhance our product offerings for our customers. We look forward to the Concentrix staff joining the SYNNEX/BSA Sales family.”
Revenue from Concentrix was approximately $15 million in the twelve months ended December 31, 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, demand generation marketing 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.
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