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Slide #22. Tech Data Corporation — Joint Venture Partner's Interest in TDMobility
Tech Data Corporation (TECD)
Joint Venture Partner's Interest in TDMobility
Tech Data Corporation (Nasdaq:TECD) today announced it has completed the acquisition of Brightstar Corp.'s ("Brightstar") 50 percent ownership interest in TDMobility. The TDMobility business unit at Tech Data offers solution providers the infrastructure needed to simplify entry into the mobile market, providing a complete, end-to-end mobility solution from device selection and activation to security and mobile device management in the data center. TDMobility was formed as a U.S. joint venture between Tech Data Corporation and Brightstar in April 2011.
Tech Data is an IT distribution and solutions company. Co.'s customers include resellers, direct marketers, retailers, corporate resellers and managed service providers. Co. groups its offerings into the following primary solutions portfolios: Endpoint Solutions Portfolio, which includes PC systems, mobile phones and accessories, printers, peripherals, supplies, endpoint technology software and consumer electronics; and Advanced Solutions Portfolio, which includes data center technologies such as storage, networking, servers, other technology software and converged and hyper-converged infrastructure. Co.'s Advanced Solutions portfolio also includes its other solution businesses.
Open the TECD Page at The Online Investor »
Hold (2.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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