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Solution Provider News

Private Equity Acquires Tech Data

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Private Equity Acquires Tech Data

Tech Data confirms recent rumours by announcing its acquisition by the Apollo Funds, an affiliate of funds managed by private equity firm Apollo Global Management. The price? Approximately $5.4 billion.

“Over our 45-year history, Tech Data has grown to become one of the largest and most respected technology distributors in the world. This agreement reflects the significant progress we have made in our strategy of delivering higher value and positions us for continued growth and success,” Tech Data CEO Rich Hume says. “This investment by funds managed by one of the world’s leading global alternative investment managers will afford us additional resources to accelerate our ability to bring to market the technology products and solutions the world needs to connect, grow and advance. The transaction will enable us to build on our success, making Tech Data a growth platform and enabling us to further differentiate and expand our end-to-end solutions and provide our channel partners with unparalleled reach, efficiency and expertise.”

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NTT Comes Together

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NTT Comes Together

NTT brings together 28 companies and brands from over 70 companies into one global $11 billion service provider, creating a company able to help some of the largest organisations in the world as they transform digitally.

The 1 July 2019 launch of NTT saw it bring together 40000 people from brands including NTT Communications, Dimension Data and NTT Security into one company. The new operating system has the company partner with over 10000 clients around the world, including leading organisations across financial services, pharmaceuticals, telecommunications, energy and utilities, manufacturing, automotive and technology sectors.

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Private Equity Eyes Tech Data?

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Private Equity Eyes Tech Data?

Private equity firm Apollo Global Management has plans to acquire solution provider Tech Data, Reuters report, with an offer "people familiar with the matter" claim is worth around $5 billion.

The move from Apollo comes as Tech Data stock is at an all-time highs, amid investor optimism demand from SMBs for Tech Data products will remain strong despite concerns of a cooling US economy. Reuters says Apollo has offered $130 per share in cash for Tech Data, making a sum covering both Tech Data's current market capitalisation and $1.3bn in debt. However, there is no certainty Tech Data will engage in negotiations, never mind any deal taking place.

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Smartsheet Pushes Global Growth With Partner Program

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Smartsheet Pushes Global Growth With Partner Program

Software-as-a-Service (SaaS) provider Smartsheet launches Smartsheet Aligned-- a partner program with offerings including the Accelerator for GDPR, a means for organisations to manage ongoing GDPR compliance.

Developed in partnership with global consulting firm Protiviti, the Accelerator for GDPR uses Smartsheet technology and best practices developed by Protiviti through hundreds of client engagements. As a platform providing a centralised view of the processes involved with GDPR compliance, it includes user friendly dashboards and reporting features.

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What Are the Top Needs for SMBs?

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What Are the Top Needs for SMBs?

The “2019 State of IT Operations for Small and Midsize Businesses” report by solutions provider Kaseya reveals security remains top priority for SMBs, together with the growing role of the cloud in backup and disaster recovery.

The survey involves the input of over 400 global respondents. It shows 32% of respondents experienced a security breach over the past 5 years, a slight decrease from the 35% of 2018, with at least 10% saying they were hit by a breach in the last year. As such, it should come to no surprise many SMBs point out automated software patch management as a key area for improvement, with 42% of respondents either automating or planning to automate patch management. Similarly just 42% monitor 3rd party software and apply critical patches within 30 days.

The 2019 also shows a strong correlation between outages and data breaches-- nearly 61% of respondents who had a security breach in 2018 also had 2-4 outages, a 15% increase over 2018, an indication of the faltering progress in improving IT maturity. As such, it should come to no surprise improving security is the top priority for 57% of SMBs, up from 54% in 2018 and 40% in 2017.

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