Avnet and IBM Celebrate 25 Years of Partnership
Global technology distributor Avnet, Inc. and IBM celebrate 25 years of being Business Partners along with Avnet achieving US$3 billion in annual sales of IBM technology solutions and services.
- (1888PressRelease) December 14, 2010 - Vietnam - Global technology distributor Avnet, Inc. (NYSE: AVT) and IBM (NYSE: IBM) have reached two significant milestones in their business relationship. Avnet and IBM have now been Business Partners for more than 25 years, collaborating on a global basis across all regions and in more than 30 countries. In addition, Avnet has reached US$3 billion in annual sales of IBM technology solutions and services, generating greater than 20 percent growth year-over-year in IBM sales during Avnet's fiscal year 2010.
Choo Kwok Goh, Country Manager for Business Partner Organisation, IBM Vietnam, said: "We continue to invest in helping channel partners deepen skills, deliver value to clients, and pursue new opportunities for growth. We see that commitment to growth reflected in Avnet's resources and programs that they have developed to help IBM Business Partners sell complete solutions that meet the business needs of IBM's customers in Vietnam and around the world."
"Together, Avnet and IBM are creating a smarter channel that combines our industry expertise, partner ecosystem, innovative thinking, skillsets and resources needed to ignite growth by providing complete industry-focused business solutions," Nguyen Nhu Cuong, Country General Manager, Hong Quang Avnet JSC Vietnam. "I want to thank IBM and our channel partners for the past years of accomplishments and dedication, and I expect the next 25 years of our Business Partner relationship to be even more remarkable."
Avnet and IBM's Business Partner relationship has grown significantly over the past 25 years, both geographically and financially. Other than the acquisition of Azure Technologies in 2007, Avnet also expanded its IBM Business Partner relationship beyond North America to include six countries in EMEA in 1997. Over the past decade, Avnet has more than doubled its IBM business in North America, and Avnet significantly expanded its reach into Latin America with IBM when it acquired Tallard Technologies in 2010.
"Today, Avnet's Business Partner relationship with IBM spans four regions: North America, Latin America, EMEA, Asia Pacific (ASEAN). We've collaborated closely with IBM to expand our technology capabilities and skillsets with solutions offerings that enabled our partners to accelerate their success to go to markets. With Avnet's global footprints and market presence, we are confident that our partners can leverage with us tapping on opportunities jointly in emerging high-growth markets, especially in Asia." William Chu, Vice President, Avnet ASEAN.
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About Avnet Technology Solutions
As a global IT solutions distributor, Avnet Technology Solutions collaborates with its customers and suppliers to create and deliver effective solutions that address the business challenges of their end-user customers locally and around the world. For fiscal year 2010, the group served customers in more than 70 countries and generated US $8.19 billion in annual revenue. Avnet Technology Solutions (www.ats.avnet.com) is an operating group of Avnet, Inc.
About Avnet
Avnet, Inc. (NYSE:AVT), a Fortune 500 company, is one of the largest distributors of electronic components, computer products and embedded technology serving customers in more than 70 countries worldwide. Avnet accelerates its partners' success by connecting the world's leading technology suppliers with a broad base of more than 100,000 customers by providing cost-effective, value-added services and solutions. For the fiscal year ended July 3, 2010, Avnet generated revenue of $19.16 billion. For more information, visit www.avnet.com.
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