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FREMONT, Calif., Nov. 18, 2020 /PRNewswire/ -- SYNNEX Corporation (NYSE: SNX), a leading business process services company, celebrates its founding 40 years ago today in 1980 by Bob Huang. Bob's vision was to provide an environment of entrepreneurship, fostering strong, long-term relationships with associates, partners and clients, while always thinking strategically about what is next. The execution of this vision has allowed SYNNEX to continually lead the way over the past four decades by offering the most relevant technology solutions and services in the IT and BPO marketplaces.
Guided by the principles of visibility, velocity and value combined with a history of diversity, inclusiveness and respect for the individual, SYNNEX currently sits at #130 on the FORTUNE 500 listing of the largest US companies ranked by annual revenue. Contributing to the success of SYNNEX has been the ability to continually innovate in its markets, adapt to changes and challenges, create new business units within the company and execute accretive strategic acquisitions.
"Today marks a significant milestone in our company history, and we would like to thank our associates, clients and partners for their trust, loyalty and support of the SYNNEX vision and strategy," said Dennis Polk, President and CEO, SYNNEX Corporation. "As we reflect on 40 years in business, it's important to recognize all of our constituents who have made this possible and reflect on all that has been achieved. Together we will continue to evolve as a business, remain relevant to our stakeholders and create value for who we serve across the globe."
As previously announced, SYNNEX intends to complete its spin-off of Concentrix Corporation into its own publicly traded company on December 1, 2020. The separation is expected to unlock value for SYNNEX shareholders and allow both companies the enhanced agility to best serve associates, clients and partners.
SYNNEX Corporation (NYSE: SNX) is a Fortune 200 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 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. 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 synnex.com.
Safe Harbor Statement
Statements in this news release regarding SYNNEX Corporation which are not historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include, but are not limited to, statements regarding the timing of the spin-off of Concentrix and the expected effects of the spin-off transaction, including unlocked shareholder value. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those discussed in the forward-looking statements. These risks and uncertainties include, but are not limited to: the impact of COVID-19 or coronavirus, or other pandemics, and the impact of related governmental, individual and business responses; general economic and market conditions; risks related to the satisfaction of closing conditions in the anticipated timeframe or at all; risks related to the ability to realize the anticipated benefits of the transaction; disruption from the transaction making it more difficult to maintain business, contractual and operational relationships; the unfavorable outcome of any legal proceedings that have been or may be instituted against SYNNEX or Concentrix; the ability to retain key personnel; negative effects of the transaction announcement or the consummation of the proposed spin-off on the market price of the capital stock of SYNNEX or Concentrix; significant transaction costs, fees, expenses and charges; unknown liabilities; the risk of litigation and/or regulatory actions related to the transaction; transaction-related financings; other business effects; future exchange and interest rates; changes in laws, regulations, and policies; and competitive developments; and other risks and uncertainties detailed in the Concentrix Form 10 registration statement, in our Form 10-K for the fiscal year ended November 30, 2019, and in subsequent SEC filings. Statements included in this press release are based upon information known to SYNNEX Corporation as of the date of this release, and SYNNEX Corporation does not intend to update information contained in this press release.
Copyright 2020 SYNNEX Corporation. All rights reserved. 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.
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SOURCE SYNNEX Corporation