Synnex Adds Proofpoint To Drive Security Networking Portfolio

  • Distribution, systems design, and integration services provider Synnex Corp SNX expanded its networking and security portfolio with Proofpoint Inc's PFPT products and services, a cybersecurity and compliance company.  
  • The financial terms of the transaction remain undisclosed.
  • Proofpoint's addition will help Synnex keep customers safe from cyber threats.
  • The agreement enhances Synnex's cybersecurity and compliance solutions to protect people on every channel, including email, web, cloud, social media, and mobile messaging. 
  • Synnex held $1.7 billion in cash and equivalents as of May. 31.
  • Price action: SNX shares traded higher by 1.79% at $115.3 on the last check Wednesday.
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