{"id":23305,"date":"2016-07-12T17:22:24","date_gmt":"2016-07-12T09:22:24","guid":{"rendered":"http:\/\/www.upgrademag.com\/web\/?p=23305"},"modified":"2016-07-13T09:27:05","modified_gmt":"2016-07-13T01:27:05","slug":"synnex-acquire-minacs-integrate-concentrix","status":"publish","type":"post","link":"http:\/\/www.upgrademag.com\/web\/2016\/07\/12\/synnex-acquire-minacs-integrate-concentrix\/","title":{"rendered":"SYNNEX to acquire Minacs and integrate with Concentrix"},"content":{"rendered":"<p><strong>SYNNEX Corporation is acquiring\u00a0The Minacs Group Pte Ltd.\u00a0and integrate it into its Concentrix business segment. The purchase price is approximately $420 million subject to closing adjustments.<\/strong><\/p>\n<p>Concentrix, a wholly owned subsidiary of SYNNEX, has operations across 25 countries. The company has a large delivery footprint in India, the Philippines, Europe, Asia\/Pacific, North America and South America.<\/p>\n<p>This transaction is intended to strengthen domain expertise in Concentrix\u2019 automotive industry vertical and accelerate Marketing Optimization and IoT solutions with Minacs\u2019 proprietary technology. The transaction also provides Concentrix more scale and reach to further serve its client base. As a result, Concentrix is expected to strengthen its competitive advantages in the marketplace.<\/p>\n<p>\u201cWe believe this acquisition will enhance Concentrix\u2019 position as global leader in business services,\u201d stated Kevin Murai, CEO and President of SYNNEX Corp. \u201cThis strategic investment is expected to create even greater scale and a more compelling value proposition for our clients and shareholders. This transaction is also in line with our stated goals of margin expansion and diversification of our revenue.\u201d<\/p>\n<p>\u201cMinacs has been able to establish itself as a high value unique player in Business Services. Their investments in IoT and Marketing Optimization stand out as solutions with growing market demand, which we believe we will be able to leverage across our combined client base,\u201d said Chris Caldwell, President of Concentrix. \u201cThis acquisition is intended to increase our speed to market of these solutions and provide us new opportunities for expansion.\u201d<\/p>\n<p>Anil Bhalla, CEO of Minacs, will stay with the combined company and join Concentrix\u2019 senior executive staff.\u00a0 \u201cI am confident that the combination of our capabilities will present an even more compelling value proposition to the marketplace,\u201d Bhalla said. \u201cAcross industries, clients can expect our shared vision and strategic scale to help them solve bigger, more complex business challenges.\u201d<\/p>\n<p>It is anticipated that the transaction will close in late Q3 2016, subject to the satisfaction of regulatory requirements and customary closing conditions. Until the transaction is completed, the companies will continue to operate independently.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SYNNEX Corporation is acquiring\u00a0The Minacs Group Pte Ltd.\u00a0and integrate it into its Concentrix business segment. The purchase price is approximately $420 million subject to closing adjustments. Concentrix, a wholly owned subsidiary of SYNNEX, has operations across 25 countries. The company has a large delivery footprint in India, the Philippines, Europe, Asia\/Pacific, North America and South [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":23306,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[917,4578,4576,4577,4579],"class_list":["post-23305","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-headlines","tag-bpo","tag-concentrix","tag-ma","tag-synnex-corporation","tag-the-minacs-group-pte-ltd"],"_links":{"self":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/23305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/comments?post=23305"}],"version-history":[{"count":0,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/23305\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media\/23306"}],"wp:attachment":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media?parent=23305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/categories?post=23305"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/tags?post=23305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}