SYNNEX flexSource Combines Multiple Service Offerings Under One Cohesive Package to Support Vendors and Customers Requiring Larger Volume Logistic Service Needs

By admin on October 25, 2009

GREENVILLE, S.C. – (BUSINESS WIRE) – SYNNEX Corporation (NYSE:SNX), a leading business process services company, today announced the launch of flexSource, a newly created division to offer companies a full turn-key logistics solution to address the needs of large volume or specialty logistics services.

The flexSource offering combines logistics acumen, transportation expertise and a rich menu of value-added services, to provide a complete third party supply chain solution that creates efficiencies throughout the logistics process and eliminates pressure points along the logistics lifecycle. By leveraging its existing facilities and IT systems, flexSource can improve the profitability of companies utilizing its services.

“We will continue to invest in high value service offerings like flexSource to replicate the success we have achieved with Concentrix Corporation. Concentrix has experienced significant growth since its inception and is now ranked #43 out of the top 100 outsourcers in the world by IAOP for 2009,” stated Peter Larocque, President of U.S. Distribution at SYNNEX Corporation. “We believe flexSource is positioned well to experience similar success and growth. The evolution of flexSource builds upon the strength in distribution and the cost effective logistics that have positioned SYNNEX as a leader in the North America IT marketplace.”

The flexSource full turn-key service offering is modular in nature and covers all aspects of the logistics lifecycle. Capabilities include:

• Transportation Management
• Inventory Optimization
• Complementary Product Matching
• Reverse Logistics Asset Refurbishment and Disposal
• Business Process Outsourcing Services
• Strategic Procurement

The development of the flexSource division capitalizes on SYNNEX’ 25 years of industry leading experience in managing all aspects of the supply chain cycle, packaged into one cohesive offering.

During its National Sales Conference, taking place in Greenville, South Carolina during October 7-9, 2009, flexSource will host breakout sessions outlining the various service offerings.

“By touching all elements of the supply chain as SYNNEX can do, our vendors and customers can benefit from reduced logistics costs, reduced inventory and order cycles and improved service level commitments, which in turn strengthens our value proposition,” Larocque continued.

About SYNNEX Corporation

SYNNEX Corporation, a Fortune 500 corporation, is a leading business process services company, servicing resellers 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 over 7,000 associates worldwide and operates in the United States, Canada, China, Japan, Mexico, the Philippines and the United Kingdom. Additional information about SYNNEX may be found online at www.synnex.com.

About Concentrix Corporation

Concentrix Corporation is a global KPO company with award-winning expertise in providing our clients with services and support to enhance their customer relationships. From locations in China, Japan, the Philippines, the United States and Central America, our over 4,500 employees support clients in multiple languages and countries around the world. Concentrix Corporation is a wholly owned subsidiary of SYNNEX Corporation (NYSE: SNX), a Fortune 500 company. For more information, please visit www.concentrix.com.

Statements in this release that are forward-looking, such as flexSource capabilities, growth and success, continued investments and benefits of the foregoing, 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 2009 SYNNEX Corporation. All rights reserved. SYNNEX, the SYNNEX Logo, Concentrix, the Concentric logo, flexSource and all other SYNNEX company, product and services names and slogans are trademarks or registered trademarks of SYNNEX Corporation. SYNNEX and the SYNNEX Logo Reg. U.S. Pat. & Tm. Off. Other names and marks are the property of their respective owners.