The global technology products distributor Tech Data announced its plan to invest approximately $750 million in digital transformation initiatives over the next five years. The digital transformation will allow company to be more agile and responsive to the rapidly evolving needs of its channel partners.
- The investment will power Tech Datas strategy to accelerate innovation in ways that will deliver improved experiences and greater agility for businesses across the technology ecosystem.
- Tech Datas digital transformation initiatives are focused on delivering state-of-the-art automation, platforms and analytics.
In February 2020, Tech Data announced that it had partnered with nOps, a provider of a leading software-as-a-service (SaaS) cloud management platform for Amazon Web Services (AWS).
In February 2020, Tech Data announced it had partnered with Software AG, a leading enterprise software provider in the areas of hybrid and B2B integration, Internet of Things (IoT), analytics, process and services. Software AG offerings will enable Tech Data partners to drive innovation with their customers by helping them connect and integrate virtually everything in their businesses from applications and devices to data and clouds.
In December 2019, Tech Data announced it had entered into an agreement to acquire the business of Inflow Technologies, a leading value-added distributer with expertise in areas like cybersecurity and networking. The acquisition is subject to customary regulatory approvals and is expected to close during Tech Datas first quarter of fiscal year 2021.
About Tech Data
Tech Data, headquartered in Florida, United States, is a leading distribution company specialised in IT products and services. The company has highly specialized skills, and proficiency in next-generation technologies enable channel partners to bring to market the products and solutions the world needs to connect, grow and advance. The company has approximately 14,000 employees in more than 100 countries and serves approximately 125,000 customers across the world.