News

Channel News: Synnex Buys PC Wholesale

Synnex Corp., a global IT supply chain services company and one of Microsoft's handful of authorized distributors in the United States, snapped up PC Wholesale in March, adding end-of-life and refurbished equipment to its existing vertical lineup.

Synnex acquired the assets of PC Wholesale from direct market reseller Insight Enterprises Inc., which had run PC Wholesale as a division of its wholly-owned subsidiary, Insight Direct USA Inc. Synnex agreed to pay $10 million for the business plus about $20 million for net assets.

While PC Wholesale's revenues in calendar year 2006 came to about $224 million, Synnex expects the acquisition will add less than that to its top line due to duplication in the customer base. Fremont, Calif.-based Synnex reported $6.34 billion in revenues for its fiscal year that ended Nov. 30, 2006.

"Through this acquisition, we will increase our customer base and provide additional services for our OEM partners, two important goals in our growth strategy," Robert Huang, president and CEO of Synnex, said in a statement.

Synnex also posted a new homepage for the PC Wholesale site, encouraging the company's customers to become Synnex partners and to continue to work with their PC Wholesale representatives.

About the Author

Scott Bekker is editor in chief of Redmond Channel Partner magazine.

Featured

  • 2019 Microsoft Conference Calendar: For Partners, IT Pros and Developers

    Here's your guide to all the IT training sessions, partner meet-ups and annual Microsoft conferences you won't want to miss this year.

  • Microsoft Rolls Out SQL Server 2019 RC1

    The first release candidate of the forthcoming SQL Server 2019 product can now be downloaded from Microsoft's Evaluation Center page.

  • The 2019 Microsoft Product Roadmap

    From the next major update to Windows 10 to the next generation of HoloLens, here's what's on tap from Microsoft this year.

  • Microsoft, Tech Leaders Back Confidential Computing Consortium

    The Linux Foundation on Wednesday announced the formation of a new group that aims to ensure the security of processed data.

RCP Update

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.