SYNNEX Corporation provides business process services in the United States and internationally. The company distributes peripherals; and information technology systems, including system components, software, networking, communications and security equipment, consumer electronics, and complementary products, as well as designs and integrates data center equipment. It also provides systems design and integration solutions, build-to-order, and configure-to-order assembly capabilities; logistics services that comprise outsourced fulfillment, virtual distribution, and direct ship to end-users; cloud services; online services; and financing services comprising net terms, third party leasing, floor plan financing, and letters of credit backed financing and arrangements. In addition, the company offers marketing services, such as direct mail, external media advertising, reseller product training, targeted telemarketing campaigns, trade shows, trade groups, database analysis, print on demand services, and web-based marketing. It serves resellers, system integrators, and retailers. The company was formerly known as SYNNEX Information Technologies, Inc. and changed its name to SYNNEX Corporation in October 2003. SYNNEX Corporation was founded in 1980 and is headquartered in Fremont, California.
IPO Year: 2003
Exchange: NYSE
Website: synnexcorp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/15/2024 | $135.00 → $140.00 | Sector Perform → Outperform | RBC Capital Mkts |
| 4/16/2024 | $115.00 → $145.00 | Neutral → Buy | UBS |
| 1/8/2024 | $112.00 → $113.00 | Overweight → Neutral | JP Morgan |
| 11/22/2023 | $105.00 | Neutral | UBS |
| 5/1/2023 | $101.00 | Buy | Goldman |
| 2/15/2023 | $109.00 | Equal Weight | Barclays |
| 10/4/2022 | $95.00 | Sector Perform | RBC Capital Mkts |
| 8/17/2022 | $115.00 | Neutral | Credit Suisse |
| 7/14/2022 | $119.00 | Overweight | JP Morgan |
| 4/14/2022 | $125.00 | Hold → Buy | Stifel |
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Exclusive AWS specialization positions TD SYNNEX as a global market leader in cloud solutions TD SYNNEX (NYSE:SNX) today announced it has earned the prestigious Amazon Relational Database Service (RDS) Services Delivery Specialization, making it the first global solutions aggregator to achieve this designation. This designation recognizes TD SYNNEX's ability to manage complex tasks associated with Amazon RDS, enabling TD SYNNEX to better support partners through implementation, migration and integration. According to TD SYNNEX's recently released Direction of Technology Report, 58% of partners anticipate sales of managed services will increase in the next three years. Additionally, accord
Businesses to secure every sign-in to every app from every device with 1Password Extended Access Management 1Password, a leader in identity security, today announced a new strategic partnership with TD SYNNEX, a leading global distributor and solutions aggregator for the IT ecosystem. Leveraging TD SYNNEX's extensive distribution network and robust logistical and operational capabilities, the partnership will enable businesses across North America to secure every sign-in to every app from every device with 1Password's category-defining Extended Access Management (XAM) solution. "We've experienced unprecedented demand for 1Password Extended Access Management. Partnering with TD SYNNEX will
Strategically Engineered Solutions for AI Workloads, Offering Plug-and-Play, Air- or Liquid-Cooled, Rack-Ready Deployment and Rapid Time to Market Hyve Solutions Corporation, a wholly owned subsidiary of TD SYNNEX Corporation (NYSE:SNX) and a leading provider of hyperscale digital infrastructures, today announced the launch of its Orion product line featuring the NVIDIA HGX™ platform. To be unveiled at the 2024 OCP Global Summit, these new products are designed to meet the escalating demands of AI workloads with unmatched performance, scalability, and support service. Hyve Solutions, an NVIDIA Partner Network Elite OEM partner, has developed two key solutions within the Orion product line
Hyve Solutions Corporation, a wholly owned subsidiary of TD SYNNEX Corporation (NYSE:SNX) and a leading provider of hyperscale digital infrastructures, is pleased to announce the design and development of advanced network switches to accelerate rack-level AI deployment at scale, addressing the rapidly growing demand for high-performance AI workloads. Hyve Solutions is leveraging its design and manufacturing expertise as well as its global footprint to deliver AI infrastructure that meets the most demanding performance requirements. By integrating Broadcom's Tomahawk® 5 series (BCM78900) of 51.2 Tb/s devices into the new network switch designs, Hyve can efficiently design customer-specific
New program empowers North American partners to build their AI practice through tailored support TD SYNNEX, (NYSE:SNX), a leading global distributor and solutions aggregator for the IT ecosystem, today announced the launch of its Destination AI™ Practice Accelerator in North America to fast-track AI go-to-market efforts and monetization for partners. The program provides personalized support to partners looking to deliver specialized AI solutions to their customers. According to TD SYNNEX's recently released Direction of Technology report, partners are rapidly increasing investments in AI, with nearly half of all channel partners planning to offer AI-driven solutions in the next two years
Third Annual Direction of Technology Report highlights key trends shaping the IT landscape, including AI innovation, security advancements, and the growing importance of ESG. TD SYNNEX (NYSE:SNX) today published its Third Annual Direction of Technology Report, which reveals that as the technology landscape evolves, businesses plan to invest in strong technology infrastructure, leverage high-growth technologies and work in close conjunction with expert, trusted partners. The report is based on a survey of more than 1,000 technology resellers, systems integrators, service providers and managed service providers from over 60 countries globally. These respondents shared they are accelerating
SAN JOSE, Calif. and DENVER, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Iterate.ai, whose AI platform enables enterprises to build production-ready applications and ready-to-use products for private AI requirements and the AI PC era, has partnered with TD SYNNEX, a leading global distributor and solutions aggregator for the IT ecosystem. The partnership will make Iterate.ai's advanced AI portfolio available to TD SYNNEX's extensive network of resellers and their customers worldwide. "Iterate is committed to scaling its go-to-market plan through the channel," said Kevin Homer, Vice President of Sales at Iterate.ai. "We are excited to partner with TD SYNNEX and its network of vendors and resel
Agreement makes SentryBay's patented Armored Client available to TD SYNNEX partners SentryBay, the leaders in endpoint protection, has come to a partnership agreement with TD SYNNEX, a leading global distributor and solutions aggregator for the IT ecosystem. As a result, TD SYNNEX will add SentryBay's Armored Client solution for Microsoft AVD and W365 environments to its extensive portfolio. The partnership will initially serve TD SYNNEX's channel network of resellers in the USA and Canada, with plans to expand globally in the future, particularly into Europe and Asia. SentryBay's Armored Client provides an impenetrable defensive layer that once deployed on an end point isolates and prot
Revenue of $14.7 billion, at the upper end of our outlook of $13.3 - $14.9 billion. Non-GAAP gross billings(1) of $20.3 billion, above the high end of our outlook of $18.9 - $20.1 billion. Net income of $179 million, and non-GAAP net income(1) of $245 million, above the midpoint of our outlook. Diluted earnings per share ("EPS") of $2.08, and non-GAAP diluted EPS(1) of $2.86, above the midpoint of our outlook. Cash provided by operations of $386 million and free cash flow(1) of $339 million. Returned $91 million to stockholders in the form of $57 million of share repurchases and $34 million in dividends. Announced a quarterly cash dividend of $0.40 per common share, up 14% from
MUNICH, Germany, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Acronis, a global leader in cybersecurity and data protection, is excited to announce its latest Acronis #TeamUp Partner, FC Bayern Munich Basketball. In partnership with TD SYNNEX Germany, a leading global distributor and aggregator of solutions for the IT ecosystem, the German Basketball champion will leverage Acronis' solutions to uplevel its IT infrastructure and capabilities. "We are proud to join forces with Bayern Munich and TD SYNNEX," said Markus Fritz, General Manager DACH at Acronis. "At Acronis, our focus is on delivering comprehensive cyber protection solutions. With an emphasis on expanding our presence in Germany, partneri
Ratings for TD Synnex (NYSE:SNX) were provided by 7 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 2 3 0 0 Last 30D 0 1 0 0 0 1M Ago 2 1 2 0 0 2M Ago 0 0 1 0 0 3M Ago 0 0 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $136.14, a high estimate of $150.00, and a low estimate of $123.00. Marking an increase of 2.25%, the current aver
TD Synnex (NYSE:SNX) has outperformed the market over the past 20 years by 6.04% on an annualized basis producing an average annual return of 14.54%. Currently, TD Synnex has a market capitalization of $9.84 billion. Buying $100 In SNX: If an investor had bought $100 of SNX stock 20 years ago, it would be worth $1,471.72 today based on a price of $115.09 for SNX at the time of writing. TD Synnex's Performance Over Last 20 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and revie
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Piper Sandler cut the price target for Schlumberger Limited (NYSE:SLB) from $71 to $66. Piper Sandler analyst Luke Lemoine maintained an Overweight rating. SLB shares gained 0.5% to close at $46.42 on Friday. See how other analysts view this stock. Oppenheimer boosted the price target for The Trade Desk, Inc. (NASDAQ:TTD) from $105 to $120. Oppenheimer analyst Jason Helfstein maintained an Outperform rating. Trade Desk shares gained 0.9% to close at $99.44 on Friday. See how other analysts view thi
RBC Capital analyst Ashish Sabadra upgrades TD Synnex (NYSE:SNX) from Sector Perform to Outperform and raises the price target from $135 to $140.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Stifel cut the price target for General Mills, Inc. (NYSE:GIS) from $77 to $70. Stifel analyst Matthew Smith maintained a Buy rating. General Mills shares fell 4.6% to close at $64.17 on Wednesday. See how other analysts view this stock. Canaccord Genuity raised the price target for Hut 8 Corp. (NASDAQ:HUT) from $14 to $22. Canaccord Genuity analyst Joseph Vafi maintained a Buy rating. Hut 8 shares gained 4.8% to close at $15.32 on Wednesday. See how other analysts view this stock. Oppenheimer b
During the last three months, 9 analysts shared their evaluations of TD Synnex (NYSE:SNX), revealing diverse outlooks from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 1 4 0 0 Last 30D 1 0 0 0 0 1M Ago 1 1 3 0 0 2M Ago 0 0 0 0 0 3M Ago 2 0 1 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $135.44, a high estimate of $150.00, and a low estimate of $123.00. Surpassing the previous average price targe
B of A Securities analyst Ruplu Bhattacharya maintains TD Synnex (NYSE:SNX) with a Buy and lowers the price target from $135 to $132.
UBS analyst David Vogt maintains TD Synnex (NYSE:SNX) with a Buy and raises the price target from $145 to $150.
RBC Capital analyst Ashish Sabadra reiterates TD Synnex (NYSE:SNX) with a Sector Perform and maintains $135 price target.
RBC Capital Mkts upgraded TD Synnex from Sector Perform to Outperform and set a new price target of $140.00 from $135.00 previously
UBS upgraded TD Synnex from Neutral to Buy and set a new price target of $145.00 from $115.00 previously
JP Morgan downgraded TD Synnex from Overweight to Neutral and set a new price target of $113.00 from $112.00 previously
UBS initiated coverage of TD Synnex with a rating of Neutral and set a new price target of $105.00
Goldman initiated coverage of TD Synnex with a rating of Buy and set a new price target of $101.00
Barclays initiated coverage of TD Synnex with a rating of Equal Weight and set a new price target of $109.00
RBC Capital Mkts initiated coverage of TD Synnex with a rating of Sector Perform and set a new price target of $95.00
Credit Suisse initiated coverage of TD Synnex with a rating of Neutral and set a new price target of $115.00
JP Morgan initiated coverage of TD Synnex with a rating of Overweight and set a new price target of $119.00
Stifel upgraded TD Synnex from Hold to Buy and set a new price target of $125.00
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Revenue of $14.7 billion, at the upper end of our outlook of $13.3 - $14.9 billion. Non-GAAP gross billings(1) of $20.3 billion, above the high end of our outlook of $18.9 - $20.1 billion. Net income of $179 million, and non-GAAP net income(1) of $245 million, above the midpoint of our outlook. Diluted earnings per share ("EPS") of $2.08, and non-GAAP diluted EPS(1) of $2.86, above the midpoint of our outlook. Cash provided by operations of $386 million and free cash flow(1) of $339 million. Returned $91 million to stockholders in the form of $57 million of share repurchases and $34 million in dividends. Announced a quarterly cash dividend of $0.40 per common share, up 14% from
TD SYNNEX (NYSE:SNX) today announced it will report its financial results for the third quarter of fiscal 2024 before the U.S. market opens on Thursday, September 26, 2024. A conference call to review the results will be held at 6:00 a.m. PT / 9:00 a.m. ET the same day. The quarterly earnings press release and a live audio webcast of the earnings call will be accessible at ir.tdsynnex.com, and a replay of the webcast will be available following the call. About TD SYNNEX TD SYNNEX (NYSE:SNX) is a leading global distributor and solutions aggregator for the IT ecosystem. We're an innovative partner helping more than 150,000 customers in 100+ countries to maximize the value of technology
Revenue of $13.9 billion, within our outlook of $13.3 - $14.9 billion. Non-GAAP gross billings(1) of $19.3 billion, at the upper end of our outlook of $18.4 - $19.6 billion. Gross margin and non-GAAP gross margin(1) of 6.98%, up 13 bps and 9 bps, respectively, from the prior fiscal second quarter. Net income of $144 million, and non-GAAP net income(1) of $237 million, within our outlook. Diluted earnings per share ("EPS") of $1.66, and non-GAAP diluted EPS(1) of $2.73, within our outlook. Returned $288 million to shareholders in the fiscal second quarter in the form of $254 million of share repurchases and $34 million in dividends, representing a 210% increase from the prior
TD SYNNEX (NYSE:SNX) today announced it will report its financial results for the second quarter of fiscal 2024 before the U.S. market opens on Tuesday, June 25, 2024. A conference call to review the results will be held at 6:00 a.m. PT / 9:00 a.m. ET the same day. The quarterly earnings press release and a live audio webcast of the earnings call will be accessible at ir.tdsynnex.com, and a replay of the webcast will be available following the call. About TD SYNNEX TD SYNNEX (NYSE:SNX) is a leading global distributor and solutions aggregator for the IT ecosystem. We're an innovative partner helping more than 150,000 customers in 100+ countries to maximize the value of technology inves
Revenue of $14.0 billion, within our outlook of $14.0 - $14.7 billion. Non-GAAP gross billings(1) of $19.3 billion, within our outlook of $19.0 - $20.0 billion. Gross margin and non-GAAP gross margin(1) of 7.20%, up 57 bps and 52 bps, respectively, from the prior fiscal first quarter. Net income of $172 million, and non-GAAP net income(1) of $266 million. Diluted earnings per share ("EPS") of $1.93, and non-GAAP diluted EPS(1) of $2.99, at the upper end of our outlook. Cash provided by operations of $385 million and free cash flow(1) of $344 million, compared to cash used in operations of $103 million and free cash flow(1) of negative $140 million in the prior fiscal first q
TD SYNNEX (NYSE:SNX) today announced it will report its financial results for the first quarter of fiscal 2024 before the U.S. market opens on Tuesday, March 26, 2024. A conference call to review the results will be held at 6:00 a.m. PT / 9:00 a.m. ET the same day. The quarterly earnings press release and a live audio webcast of the earnings call will be accessible at ir.tdsynnex.com, and a replay of the webcast will be available following the call. About TD SYNNEX TD SYNNEX (NYSE:SNX) is a leading global distributor and solutions aggregator for the IT ecosystem. We're an innovative partner helping more than 150,000 customers in 100+ countries to maximize the value of technology inves
Fiscal fourth quarter revenue of $14.4 billion, within the previously provided outlook of $14.0 - $15.0 billion. Fiscal fourth quarter non-GAAP gross billings(1) of $19.7 billion, at the high end of the previously provided outlook of $18.5 - $19.7 billion. Fiscal fourth quarter gross margin and non-GAAP gross margin(1) of 7.07%, up 55 bps and 44 bps, respectively, from the prior fiscal fourth quarter. Fiscal fourth quarter net income of $188 million, and non-GAAP net income(1) of $286 million, exceeding the high end of the prior guidance range. Fiscal fourth quarter diluted earnings per share ("EPS") of $2.06, and non-GAAP diluted EPS(1) of $3.13, exceeding the high end of the
TD SYNNEX (NYSE:SNX) today announced it will report its financial results for the fourth quarter and full year of fiscal 2023 before the U.S. market opens on Tuesday, January 9, 2024. A conference call to review the results will be held at 6:00 a.m. PT / 9:00 a.m. ET the same day. The quarterly earnings press release and a live audio webcast of the earnings call will be accessible at ir.tdsynnex.com, and a replay of the webcast will be available following the call. About TD SYNNEX TD SYNNEX (NYSE:SNX) is a leading global distributor and solutions aggregator for the IT ecosystem. We're an innovative partner helping more than 150,000 customers in 100+ countries to maximize the value of
Implementation extends interoperability between key server components, lays the foundation for future P-core- and E-core-based Intel® Xeon® processors Hyve Solutions Corporation, a wholly owned subsidiary of TD SYNNEX Corporation (NYSE:SNX) and a leading provider of hyperscale digital infrastructures, today announces it has extended its building block strategy by leveraging the Open Compute Project's (OCP) Data Center Modular Hardware System (DC-MHS) specification. Hyve will support the DC-MHS specification through various Hyve-designed motherboards, systems, and a roadmap of future products, including future P-core- and E-core-based Intel Xeon processors from Intel. A modular approach
Revenue of $14.0 billion, at the midpoint of the previously provided outlook of $13.5 - $14.5 billion. Non-GAAP gross billings(1) of $18.6 billion, at the midpoint of the previously provided outlook of $18.0 - $19.3 billion. Gross margin was 6.96%, up 99 bps from the prior fiscal third quarter, and non-GAAP gross margin(1) was 6.97%, up 84 bps from the prior fiscal third quarter. Operating margin was 1.72%, up 15 bps from the prior fiscal third quarter, and non-GAAP operating margin(1) was 2.84%, up 25 bps from the prior fiscal third quarter. Net income was $139 million, and non-GAAP net income(1) was $260 million, above the previously provided outlook of $206 - $253 million.
New program empowers North American partners to build their AI practice through tailored support TD SYNNEX, (NYSE:SNX), a leading global distributor and solutions aggregator for the IT ecosystem, today announced the launch of its Destination AI™ Practice Accelerator in North America to fast-track AI go-to-market efforts and monetization for partners. The program provides personalized support to partners looking to deliver specialized AI solutions to their customers. According to TD SYNNEX's recently released Direction of Technology report, partners are rapidly increasing investments in AI, with nearly half of all channel partners planning to offer AI-driven solutions in the next two years
MUNICH, Germany, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Acronis, a global leader in cybersecurity and data protection, is excited to announce its latest Acronis #TeamUp Partner, FC Bayern Munich Basketball. In partnership with TD SYNNEX Germany, a leading global distributor and aggregator of solutions for the IT ecosystem, the German Basketball champion will leverage Acronis' solutions to uplevel its IT infrastructure and capabilities. "We are proud to join forces with Bayern Munich and TD SYNNEX," said Markus Fritz, General Manager DACH at Acronis. "At Acronis, our focus is on delivering comprehensive cyber protection solutions. With an emphasis on expanding our presence in Germany, partneri
Strategic partnership adds Securonix's industry-leading SIEM to cybersecurity offerings available to TD SYNNEX partners Securonix, Inc., a five-time Gartner Magic Quadrant Cybersecurity leader in Security Information and Event Management (SIEM), today announced a new partnership with TD SYNNEX, a leading global distributor and solutions aggregator for the IT ecosystem, to distribute Securonix's AI-Reinforced SIEM platform to its extensive solution provider network. The partnership significantly expands the market reach of Securonix EON, which introduces advanced AI capabilities into Securonix's leading SIEM platform. This enhancement strengthens all layers of the platform, empowering orga
~~After transformative tenure as CEO, Rich Hume to Retire~~ ~~Transition is effective September 1, 2024~~ TD SYNNEX (NYSE:SNX), today announced that Patrick Zammit will become Chief Executive Officer, succeeding Rich Hume, who will retire after a transformative tenure as CEO. Hume will remain on the TD SYNNEX board of directors. The leadership transition is effective September 1. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240619892207/en/TD SYNNEX today announced that Patrick Zammit will become Chief Executive Officer, succeeding Rich Hume, who will retire after a transformative tenure as CEO. Zammit, who has served as t
TD SYNNEX (NYSE:SNX) announced today that Alim Dhanji will join the company as its new Chief Human Resources Officer, effective June 10. Dhanji brings over 25 years of global leadership experience in creating high-performing teams and developing innovative talent strategies. Dhanji succeeds Beth Simonetti who will retire from the company effective, June 1, and stay on as a consultant for the business through August 31. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240529678287/en/Alim Dhanji will join TD SYNNEX as its new Chief Human Resources Officer. (Photo: Business Wire) Prior to joining TD SYNNEX, Dhanji served as the Chie
Murphy rejoins the distributor from NTT Ltd where she serves as CEO, Europe She will report to Patrick Zammit, COO, TD SYNNEX TD SYNNEX (NYSE:SNX) today announced the appointment of Miriam Murphy as the company's new president, Europe. Murphy starts in her new role on April 8th, 2024, and will be responsible for leading the company's 7,000-strong European workforce, driving business strategy and operational execution in the region. She will report to Patrick Zammit, the chief operating officer, TD SYNNEX – who she succeeds as president, Europe – and she will serve on the company's global executive team. Murphy will lead the distributor's European executive board, which consists of ge
New role to accelerate go-to-market capabilities for TD SYNNEX vendors and customers and drive operational excellence TD SYNNEX (NYSE:SNX) announced today that Patrick Zammit has been named Chief Operating Officer, reporting to company CEO Rich Hume effective January 1. In this new role, Zammit will coordinate the company's business strategy to drive profitable growth across all technologies, geographies and vendors, and to accelerate the adoption of new, high-growth technologies around the globe. Zammit has served at TD SYNNEX as president, Europe, since 2017, adding executive responsibility for Asia Pacific and Japan in 2021. A new leader for TD SYNNEX's business in Europe will be annou
TD SYNNEX (NYSE:SNX), a leading global distributor and solutions aggregator for the IT ecosystem, and its Board today announced the following Board member responsibility changes effective September 1, 2023: Ann Vezina, current lead independent director will become Chair of the Board of Directors. Dennis Polk, current Chair, will continue as a Board member and retain his existing executive responsibilities. "I am excited for Ann to take on the Board leadership role at TD SYNNEX. She has provided steady and thoughtful guidance as lead independent director and this will only continue in her new role," said Mr. Polk. "I am honored to take on the Chair responsibilities at TD SYNNEX an
FREMONT, Calif. and CLEARWATER, Fla., Dec. 3, 2021 /PRNewswire/ -- TD SYNNEX today announced Adam Rutstein has joined the company as the Director of Global Corporate Responsibility. In this role, Rutstein will lead TD SYNNEX' Environmental, Social and Governance (ESG) program, helping the company deliver on its goals to make a meaningful difference in the world. "Corporate social responsibility has been a part of TD SYNNEX life for nearly half a century – from our longstanding commitment to diversity, equity and inclusion, to our deep-rooted community partnerships," said Jill
MINNEAPOLIS--(BUSINESS WIRE)--Entrust, a global leader in trusted identity, payments and data protection, has announced a master distributor agreement with SYNNEX Corporation, a leading provider of distribution, systems design, and integration services for the technology industry, to offer its comprehensive range of Entrust nShield® hardware security modules (HSMs) and cybersecurity solutions to customers across the United States and Canada. This North America distribution agreement with SYNNEX provides its resellers with Entrust nShield HSMs to protect customer data and secure emerging technologies such as cloud, IoT, blockchain, and digital payments. This empowers customers to