NASDAQ OMX

Westcon-Comstor completes sale of its Americas businesses to SYNNEX

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Transaction creates a unified-to-market structure that benefits vendors and solution providers through unparalleled reach, scale and efficiency

TARRYTOWN, N.Y., Sept. 01, 2017 (GLOBE NEWSWIRE) -- Westcon-Comstor announced today that its parent company, Datatec Limited, has completed the sale of its North America and Latin America distribution business ("Americas"), as well as a minority share in its Europe, Middle East and Africa (EMEA) and Asia-Pacific (APAC) business, to SYNNEX Corporation(NYSE:SNX), a Fremont, California-based company.

Westcon-Comstor Americas, a SYNNEX company, will continue to rely on the expertise and experience of the current Westcon-Comstor Americas team to grow the business. Meanwhile, Datatec retains majority shareholder interest in the new Westcon-Comstor International business to serve EMEA and APAC.

"The successful completion of this transaction allows us to continue developing best-in-class programs that accelerate business outcomes for all our partners and better align our resources toward creating new opportunities for growth in the regions we serve together with SYNNEX," said Jens Montanana, CEO of Datatec and Westcon-Comstor International.

The combined strength of SYNNEX and Westcon-Comstor Americas creates a unique environment in which both companies can leverage each other's expertise, products, and services. The new relationship ensures that vendor partners and solution providers receive the same excellent levels of service they have long enjoyed with no disruptions.

"I'd like to thank the respective boards of directors, shareholders, and all our associates and partners for their support while the transaction was completed," said Kevin Murai, president and CEO of SYNNEX. "Our combined portfolios will benefit both vendors and solution providers, creating an efficient, powerful IT distribution company capable of delivering the latest technology solutions virtually anywhere in the world."

About SYNNEX Corporation
SYNNEX Corporation (NYSE:SNX) is a Fortune 500 corporation and a leading business process services company, providing a comprehensive range of distribution, logistics and integration services for the technology industry and providing outsourced services focused on customer engagement strategy to a broad range of enterprises. SYNNEX distributes a broad range of information technology systems and products, and also provides systems design and integration solutions. Concentrix, a wholly-owned subsidiary of SYNNEX Corporation, offers a portfolio of strategic solutions and end-to-end business services around customer engagement strategy, process optimization, technology innovation, front and back-office automation and business transformation to clients in ten identified industry verticals. Founded in 1980, SYNNEX Corporation operates in numerous countries throughout North and South America, Asia-Pacific and Europe.  Additional information about SYNNEX may be found online at www.synnex.com.

SYNNEX, the SYNNEX Logo, CONCENTRIX, and all other SYNNEX company, product and services names and slogans are trademarks or registered trademarks of SYNNEX Corporation. SYNNEX, the SYNNEX Logo, and CONCENTRIX Reg. U.S. Pat. & Tm. Off. Other names and marks are the property of their respective owners.

About Datatec Ltd.
Datatec Ltd. (JSE:DTC) (AIM:DTC) is a global ICT solutions and services group. At 28 February 2017, the Group had revenues of over US$ 6 billion, more than 8,000 employees worldwide and operations in over 70 countries across North America, Latin America, Europe, Africa, Middle East and Asia-Pacific. Through three core operating divisions, the Group offers Technology Distribution (Westcon-Comstor), Integration and Managed Services (Logicalis) and Consulting and Research (Analysys Mason and Mason Advisory).

Datatec's shares are listed on the Johannesburg Stock Exchange and it has a secondary listing on AIM in London.

About Westcon-Comstor 
Westcon-Comstor is a value-added technology distributor of category-leading solutions in Security, Collaboration, Networking and Data Center. Westcon-Comstor is transforming the technology supply chain through its global capabilities in Cloud, Services and Global Deployment. It has teams in 50-plus countries, combining expert technical and market knowledge with industry-leading partner enablement programs. Collaborating with its partners in a unique engagement model, Westcon-Comstor strives to deliver an exceptional partner experience to deliver results together. The company goes to market under the Westcon and Comstor brands.

Get Connected
WestconGroup.com | LinkedIn | Twitter | Facebook

FOR MORE INFORMATION, CONTACT:
Scott Campbell
CommCentric (for Westcon-Comstor)
scampbell@commcentric.com
+1 631-648-3645




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: WestconGroup via Globenewswire

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