Concentrix Completes Second Phase of IBM Customer Care Business Acquisition

- Unique Value Proposition Propels Strong Growth

NEW YORK, May 1, 2014 /PRNewswire/ -- Today Concentrix Corporation, a wholly-owned subsidiary of SYNNEX Corporation (NYSE: SNX), announced the addition of 19 delivery locations, across 13 countries, completing the second phase of the acquisition of IBM's global customer care and industry process services business.  With over 95% of the acquisition completed, Concentrix continues to advance its position as a leader in the customer care and industry process services market, with over 45,000 employees delivering high value services.

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"The overall acquisition to date combines two great cultures and has created a new organization reflecting the scale and vertical industry expertise of IBM, combined with the agility, flexibility and client focus of Concentrix," said Chris Caldwell, President, Concentrix Corporation.

The new company provides innovative, high value business services built on analytics, intellectual capital and technology innovation, with a focus on transforming customer experience. The new Concentrix footprint serves 10+ industries from 50+ cities with a diverse, talented and highly skilled workforce. 

Global organizations face pressure to deliver a differentiated customer experience in order to drive better business outcomes. Concentrix understands the complete customer lifecycle and uses embedded analytics, process optimization, technology expertise, social solutions and omni-channel innovation to help clients keep their customers at the heart of their operations and to create the experiences and value they expect.

Concentrix continues to invest in all of its locations, most recently announcing the addition of over 1,000 new jobs in Belfast, Northern Ireland as well as the set-up of a new delivery center in Varna, Bulgaria.  Existing clients are increasing the scope of work performed by Concentrix, while the company also continues to acquire new clients.

Caldwell said, "We now have a solid foundation for further growth. With our talented staff, our tools and technology, our analytics, and our drive and passion for helping our clients be #1 in their marketplaces, we are well positioned for growth for many years to come."

For information on all current and new Concentrix world locations and services, please visit www.concentrix.com.

About Concentrix
Concentrix Corporation, a wholly owned subsidiary of SYNNEX Corporation (NYSE: SNX), is a global business services company focused on process optimization, customer engagement strategy, technology innovation, and ecosystem performance. Concentrix' holistic approach to customer engagement, deep domain expertise, and process innovation enables the Company to deliver unique, transformational solutions for its clients.

About SYNNEX
SYNNEX Corporation (NYSE: SNX), a Fortune 500 corporation, is a leading business process services company, servicing resellers, retailers and original equipment manufacturers in multiple regions around the world. The Company provides services in IT distribution, supply chain management, contract assembly and global business services. Founded in 1980, SYNNEX employs approximately 49,000 full-time and part-time associates worldwide. Additional information about SYNNEX may be found online at www.synnex.com.

Safe Harbor Statement
Statements in this release that are forward-looking, such as services capabilities and features, location investments and jobs, client work, anticipated subsequent closings and completion of the IBM  global customer care and industry process services business acquisition, successful integration of acquired IBM global customer care and industry process services businesses, and Concentrix business growth, involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to be materially different from any future performance that may be suggested in this release. The Company assumes no obligation to update any forward-looking statements contained in this release.

Copyright 2014 SYNNEX Corporation. All rights reserved. SYNNEX, the SYNNEX Logo, CONCENTRIX, and all other SYNNEX company, product and services names and slogans are trademarks or registered trademarks of SYNNEX Corporation. SYNNEX, the SYNNEX Logo and CONCENTRIX Reg. U.S. Pat. & Tm. Off. Other names and marks are the property of their respective owners.

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