With its acquisition by funds managed by affiliates of Apollo Global Management now complete, Tech Data announced plans to invest approximately $750 million in digital transformation initiatives over the next five years.
The investment is intended to help the Clearwater, Florida-based distributor’s partners will power Tech Data’s strategy to deliver state-of-the-art automation, platforms and analytics to support the needs of its partners. The plan includes building a hyper-scalable digital business platform and a cloud-based digital marketplace that are designed to serve emerging technology markets and consumption models.
“This investment over the next five years helps ensure the company has the resources necessary to launch a bold digital enablement and innovation program that will transform the way it serves channel partners and employees,” said Robert Kalsow-Ramos, Private Equity Partner at Apollo.
Tech Data’s acquisition by the Apollo funds represents a new era for the distributor at a time when distributors are constantly looking for new ways to add value to the offerings of their channel partners.