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TECD on NASDAQ

Tech Data

Logo: Unknown author Unknown author, Public domain, via Wikimedia Commons5

U.S.-based technology company

Tech Data Corporation was an American multinational distribution company specializing in IT products and services headquartered in Clearwater, Florida. It merged with competitor Synnex to form TD Synnex. Synnex is to be the primary owner (55% share).3 It was founded by Edward C. Raymund.1 Its shares trade on NASDAQ under the symbol TECD.1 It ceased to exist in 2021.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1974Founded1

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  • TickerTECD on NASDAQ1
  • Industrywholesale1
  • HeadquartersClearwater1
  • Websitewww.techdata.com
  • Incorporated inFL6
  • Business address5350 Tech Data Dr, Clearwater, Fl 337606
  • Filer categoryLarge accelerated filer6
  • Legal formProfit Corporation4
  • LEI549300EK847TAWPJWF344
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O C T CORPORATION SYSTEM, 33324 Plantation, United States4
  • Registered withFlorida Division of Corporations, 4651734

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Tech data hq 061006
Photo: CC BY-SA 2.5, via Wikimedia Commons8

Tech Data Corporation was an American multinational distribution company specializing in IT products and services headquartered in Clearwater, Florida. It merged with competitor Synnex to form TD Synnex. Synnex is to be the primary owner (55% share). Tech Data provided a broad range of product lines, logistics capabilities and value-added services that enable technology manufacturers and resellers, such as Google, Apple, Cisco, Dell, Fortinet, Hewlett Packard Enterprise, HP Inc., IBM, Lenovo, LG, Microsoft, Sony, Trend Micro, Viewsonic, TP-Link and VMware, to deploy IT solutions.3

Corporate structure

Tech Data is part of a group headed by Synnex. 218 entities, 50 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Synnex Fremont, California, United States
    • Tech Data Clearwater, Florida, United States
      • AVT TECHNOLOGY SOLUTIONS LLC Subsidiary · Clearwater, Florida, United States
      • TECH DATA ADVANCED PRIVATE LIMITED Subsidiary · Clearwater, Florida, United States
    • SYNNEX Japan Corporation Subsidiary
    • 2117974 Ontario Inc. Subsidiary · Canada
    • 9182918 Canada Inc. Subsidiary · Canada
    • Advanced Technology Trading Company Ltd. Subsidiary · United Kingdom
    • Afina Sistemas Informaticos, S.L. Subsidiary · Spain
    • Afina Venezuela, C.A. Subsidiary · Venezuela
    • APPTIUM TECHNOLOGIES INDIA PRIVATE LIMITED Subsidiary · Clearwater, Florida, United States
    • Apptium Technologies LLC Subsidiary · Virginia, United States
    • AS 24 Communications – Fonebank SARL Subsidiary · France
    • Ascendant Technology Holdings UK Limited Subsidiary · United Kingdom
    • Asset Ohio Fourth Street LLC Subsidiary · Ohio, United States
    • AVT Technology Solutions Holdings LLC Subsidiary · Delaware, United States
    • AVT Technology Solutions LLC Subsidiary · Delaware, United States
    • Azlan European Finance Limited Subsidiary · United Kingdom
    • Azlan GmbH Subsidiary · Germany
    • Azlan Group Limited Subsidiary · United Kingdom
    • Azlan Scandinavia AB Subsidiary · Sweden
    • Catamount Insurance Solutions, LLC Subsidiary · Vermont, United States
    • Cokeva, Inc. Subsidiary · California, United States
    • ComputerLand Corporation Subsidiary · California, United States
    • Corporate Mobile Recycling Espana, S.L.U Subsidiary · Spain
    • Corporate Mobile Recycling Limited Subsidiary · United Kingdom
    • CyberLogistics Corporation Subsidiary · Japan
    • DLT Solutions Canada Inc. Subsidiary · Canada
    • and 188 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

What it owns

What Tech Data reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$619.4M9 Jan 31, 2020$592.2M9 Jan 31, 2019+4.6%
Accumulated depreciation$332.2M9 Jan 31, 2020$317.3M9 Jan 31, 2019+4.7%
Property and equipment, net$287.1M9 Jan 31, 2020$274.9M9 Jan 31, 2019+4.4%
Operating-lease assets (leased space)$242.3M9 Jan 31, 2020

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$841.4M9 Jan 31, 2020$799.1M9 Jan 31, 2019+5.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$973.3M9 Jan 31, 2020$893.0M9 Jan 31, 2019+9.0%
Intangible assets, net (excluding goodwill)$1.1B9 Jan 31, 2020$950.9M9 Jan 31, 2019+15.1%
Finite-lived intangibles, gross$1.8B9 Jan 31, 2020$1.6B9 Jan 31, 2019+14.0%
Accumulated amortization$741.9M9 Jan 31, 2020$660.8M9 Jan 31, 2019+12.3%

Inventory

ItemLatestA year beforeChange
Inventory, total$3.0B9 Jan 31, 2020$3.3B9 Jan 31, 2019−7.7%

The story

Founded by Edward C. Raymund in 1974.1

Founded in Clearwater, FL by Edward C. Raymund in November 1974, Tech Data Corporation marketed data processing supplies for mini and mainframe computers. In 1983, Tech Data began to transition from a reseller to full-line national distributor of personal computer products, a transition led by Steven A. Raymund, Edward's son.

Steve A. Raymund succeeded Edward C. Raymund as chief executive officer in 1986, the same year Tech Data announced its initial public stock offering on NASDAQ (ticker symbol: TECD).

Over the past 20 years, Tech Data expanded its business into Canada, Mexico and Europe by acquiring 18 companies. Some companies acquired included Canada-based ParityPlus, Paris-based Softmart International, Munich-based Computer 2000 AG, Globelle Canada, UK-based Azlan Group PLC, Actebis AG Switzerland, Nordics-based IT distributor Scribona, Netherlands-based Triade Holding B.V., Specialist Distribution Group (SDG), and Signature Technology Group (STG).

In 2013, Tech Data lost out on nearly 27 million euros in profit following an accounting error by their former financial comptroller.

In the second quarter of 2015, Tech Data posted record earnings, increasing net income by 22.4% and sales by 8%. Tech Data's data-center business is attributed with the record earnings.

In September 2016, Tech Data announced that it had entered into an agreement to acquire the Technology Solutions operating group from Avnet, Inc. in a stock and cash transaction valued at approximately US$2.6 billion. Under the terms of the agreement, Avnet received at closing approximately US$2.4 billion in cash and 2.785 million shares of Tech Data common stock, representing an approximate 7 percent ownership position in Tech Data. The acquisition was closed in February 2017.

ExitCertified is a wholly owned subsidiary of Tech Data Corporation with head offices in Canada (Ottawa) and the USA (Sacramento).

In November 2019, Tech Data announced that Apollo Global Management would acquire the company for approximately $6 billion. The deal was closed on June 30, 2020.

Read the full text

On March 22, 2021, it was announced that Synnex would acquire 55% of Tech Data for a sum of $7.2 billion including debt.

Merger with Synnex

On September 1, 2021, Tech Data completed a merger with Synnex. This merger created a new company with $59.8 billion in revenue, TD Synnex. Through the combination of both companies, TD Synnex becomes the largest IT distributor, surpassing Ingram Micro. As of Sep 1, 2024 Patrick Zammit is the new CEO in place of Rich Hume.

From Wikipedia’s article on Tech Data, shared under CC BY-SA 4.0.7

Leadership

Who has led Tech Data, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Robert M. Dutkowsky2006–2018
  2. Rich Hume2018–2020

Chair

  1. Steven A. Raymund2006–2012

President

  1. Kenneth T. Lamneck2006–2009
  2. Nestor Cano2006–2016
  3. Murray N. Wright2010–2013
  4. Joseph H. Quaglia2013–2020
  5. Patrick Zammit2017–2020

Chief financial officer

  1. William J. Hunter2006
  2. Jeffery P. Howells2009–2015
  3. Alain Amsellem2014–2018
  4. Charles Dannewitz V.2014–2020
  5. Joseph B. Trepani2016–2018

Chief operating officer

  1. Rich Hume2016–2018
19801990200020102020
Board members and other officers (33)

Acquisitions

  1. Succeeded Computer 20001

Timeline

  1. Sep 1, 2021Dissolved Dissolved1
  2. Jun 8, 2018New chief executive Rich Hume becomes CEO10
  3. Oct 3, 2006New chief executive Robert M. Dutkowsky becomes CEO11
  4. Mar 26, 1990Went public Listed on NASDAQ1
  5. 1974Founded Founded1

SEC filer profile

How Tech Data is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARTECH DATA CORP2
  • CIK0000790703
  • Employer ID (EIN)59-15783292
  • Filer statusLarge accelerated filer2
  • Incorporated inFlorida2
  • Fiscal year endsJanuary 312
  • Industry code (SIC)5045 Wholesale-Computers & Peripheral Equipment & Software2
  • Business address5350 Tech Data Dr, Clearwater, FL 337602
  • Mailing address5350 Tech Data Drive, Clearwater, FL 337602
  • Phone72753974292
  • Shares outstanding35,658,571 as of May 28, 202056
  • Public float$3.6B as of Jul 31, 201957
  • On EDGAR sinceFeb 10, 19942
  • Filings1,686 in all: 4 (1,009), 8-K (161), SC 13G/A (107), 10-Q (76), SC 13G (41), DEFA14A (31), 4/A (27), 3 (26)2
    All 53 form types

    DEF 14A (24), 10-K (21), 11-K (14), CORRESP (13), 424B3 (12), UPLOAD (12), S-8 POS (9), S-8 (8), S-3 (7), 8-K/A (6), PRE 14A (6), S-3/A (6), 3/A (5), 10-K405 (4), 5 (4), FWP (4), 10-K405/A (3), 424B5 (3), NT 10-Q (3), S-3ASR (3), S-4/A (3), SC TO-I/A (3), SD (3), 10-K/A (2), 10-Q/A (2), 424B2 (2), 424B4 (2), ARS (2), NT 10-K (2), NT 11-K (2), PX14A6G (2), S-4 POS (2), SC TO-I (2), 144 (1), 15-12G (1), 15-15D (1), 25-NSE (1), 424B1 (1), 425 (1), DEFM14A (1), EFFECT (1), POSASR (1), PREM14A (1), RW (1), S-4 (1)

  • Latest filingsAnnual report (10-K) Mar 25, 2020
    Quarterly report (10-Q) Jun 3, 2020
    Proxy statement (DEF 14A) Apr 25, 2019
    Latest 8-K (8-K) Jun 30, 2020

Sources

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