TD SYNNEX lands second deal in a week with Zyxel Networks

The distribution juggernaut is on a roll with two vendor signings in seven days

TD SYNNEX has added Zyxel Networks to its vendor roster after landing a distribution deal in the UK and Ireland.

The collaboration gives partners immediate access to the vendor's range of networking, wireless and security appliance solutions.

Zyxel resellers, meanwhile, will be able to make use of TD SYNNEX's stockholding and logistics capability, credit and finance options and other services.

This is the second distribution deal in a week for TD SYNNEX after the group announced it had been named the exclusive UK distributor of the new SYNOLOGY BeeDrive backup hub.

"Zyxel has an exceptional range of switches, WiFi access points and security appliances, and a growing reputation for delivering the highest levels of quality, reliability and performance for both business and prosumer customers," said TD SYNNEX UK and Ireland VP of endpoint solutions, James Reed.

"Zyxel is a valuable addition to our portfolio that enables our partners to offer all the advantages of this extensive range of networking solutions to their end-user customers. We'll be aiming to provide the best possible experience to all partners, whether they are already familiar with or new to Zyxel's products."

Rachel Rothwell, senior regional director for UK&I at Zyxel, added: "With its extensive reach and in-depth experience of both the SMB and consumer markets, TD SYNNEX is ideally placed to help us to build on the strong growth we have seen over the last two years."

TD SYNNEX offers voluntary severance program for US staff

Earlier this week the distributor announced it is offering voluntary severance packages to its US workforce citing macroeconomic conditions and challenging industry trends.

The company's fiscal second quarter revenues fell 7.9 per cent year on year to $14.1bn owing to the current PC market slump.

In an internal memo from CEO Rich Hume to employees, which was obtained by CRN, he said the voluntary severance program can "acknowledge the contributions and experience of [its] dedicated co-workers with enhanced benefits."

"This has been driven by the need to reduce our costs due to current macroeconomic conditions, including challenging industry trends (primarily across the PC ecosystem), which you heard me reference in our earnings call last month," Hume wrote in the memo.
"The hiring freeze and travel restrictions have helped but have not been enough to get us where we need to be."