Tech Data, a Fortune 500 company, is set to acquire Innovix Distribution in a move to expand their presence across Asia Pacific.
The addition of Innovix will strengthen end-to-end solution capabilities in cloud, security and endpoint offerings by Tech Data in key geographies, including Hong Kong, Malaysia and Singapore.
“This reinforces our collective focus on growth and diversification, supporting Tech Data’s plans to transform into one that defines a new standard of operational and cultural excellence in our industry,” said Jaideep Malhotra, the President of Tech Data in Asia Pacific.
In June this year, Tech Data, one of the world’s largest technology distributors, was acquired by Apollo Global Management, a leading global alternative investment manager with offices in China, India, Japan, Hong Kong and Singapore.
“Innovix’s strong team of more than 500 experienced professionals have in-depth local industry knowledge that will strengthen our ability to deliver higher value to our channel partners across the region,” added Mr. Malhotra.
Innovix is a 60-year veteran in IT distribution with an expansive range of IT services, including servers, Uninterruptible Power Supplies, racks, cloud backups, threat intelligence and business continuity.
“Our focus on helping businesses accelerate growth and capitalise on digital transformation is perfectly aligned with Tech Data’s mission to connect the world with the power of technology,” said Eric van der Hoeven, the Chief Executive Officer at Innovix.
Headquartered in Hong Kong, Innovix has a network spanning 8,000 channel partners with leading brands like Cisco, Fortinet, Hewlett Packard Enterprise, Huawei, Lenovo, Logitech, Microsoft, Pure Storage, Samsung, Toshiba, Veeam, and Vertiv.
The acquisition of Innovix by Tech Data is expected to close in the third quarter of Tech Data’s 2021 fiscal year. It is unclear the value of the acquisition as of yet.
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