Ingram Micro is mercilessly cutting left, right, and centre jobs to save money.
The firm in sunny California is closing a warehouse in Missouri and sending 60 workers to the job centre. Insiders suggest more redundancies, including some of the bosses, are in the pipeline.
Ingram Micro has declined to confirm rumours that it is about to make another round of redundancies, including some of its middle managers. But confirmed it will close an advanced logistics facility this summer.
Some big names in the channel are continuing to lay off staff, citing cliches like economic headwinds.
Ingram Micro is believed to have fired 200-300 employees mostly in its management positions.
The company confirmed that it had made “some changes to the team” as a result of the “changing global and local market conditions.”
CloudCoCo has appointed Lee Thatcher as its new head of cloud and innovation.
Thatcher has 20 years of tech experience, most recently at Tieva.
With 140 employees and over 1,000 customers nationwide, CloudCoCo is a £25 million revenue IT services and communication reseller, specialising in network connectivity, cloud, collaboration tech and cyber.
Lee is expected to help CloudCoCo evolve into a multi-cloud player and become a cloud agnostic company.
CloudCoCo has already agreed with digital innovation specialist Abstract Tech, based in Leeds and a strategic agreement with distributor Ingram Micro UK.
CloudCoCo’s cloud business will now also be available on Ingram Micro Cloud Marketplace, including Microsoft Azure, AWS and Google GCP services.
Ingram Micro has launched an AI-powered, self-learning Xvantage platform in the UK.
CEO Paul Bay said the distribution giant launched Xvantage in the US and Germany in September. The move will “consumerise distribution” and make Ingram easier for resellers to interact with the company.
Ingram Micro global chief digital officer Sanjib Sahoo said Xvantage is “not a website or webshop”.
“The difference is that this is a platform. This is an intelligent, self-learning ecosystem,” he said.
Ingram Micro’s sales director Gary Lomas, is exiting the business and joining global integrator Onnec.
Lomas started at the distributor in 2020 and spent seven years at value-added reseller Logicalis in various sales director roles before joining the Ingram Micro company.
“I would like to thank Ingram Micro, Comms-care, Matthew Sanderson and Simon Day for giving me a chance to work for such a fantastic company for the last 2.5 years, which is full of so many talented people.”
Kevin Sparks, chief growth officer at Onnec, added: “We are delighted to welcome Gary to the team, with many years of experience within the IT industry this will be invaluable in what promises to be an exciting year for our company as we continue to help our customers with large scale build and IT transformation projects across the globe.”
Distributor Ingram Micro is going public again and has taken its paperwork to the the US Securities and Exchange Commission.
In its press statement, Ingram Micro wrote: “The number of shares to be offered and the price range for the proposed offering have not yet been determined. The initial public offering is expected to take place after the SEC completes its review process, subject to market and other conditions.”
The US distribution giant was once the world’s largest distributor until Synnex acquired Tech Data last year to create a $57 billon-revenue business. It was then bought by private equity powerhouse Platinum Equity in a blockbuster deal that freed the distributor from Chinese conglomerate HNA Group.
The deal gave Ingram Micro new financial resources to focus on new ways of doing business, including building its cloud and digital transformation businesses.
Ingram Micro went private in late 2016 when it was acquired by HNA Group.
Nuvias has announced an elite club of channel players called the Global Technology Distribution Council (GTDC).
The consortium members include Exclusive Networks, Exertis, Ingram Micro, Infinigate, CMS Distribution and Arrow Electronics are responsible for more than $150 billion of sales of products, services and solutions.
Nuvias is a $750 million company with offices across Europe, it claims.
Ingram Micro has appointed Paul Bay is its new CEO, replacing Alain Monié who has become executive chairman.
Bay previously held the position of executive vice president and president of Global Technology Solutions at the distributor, as well as several other roles including president for the Americas and senior vice president of vendor management.
Platinum Equity has completed its $7.2 billion acquisition of distie Ingram Micro from HNA Group.
The deal was first announced in December last year following HNA’s decision to reduce some of its debts.
Ingram Micro turned over $49 billion in revenue in 2020, making it the world’s largest technology distributor, though the merger between Tech Data and Synnex is set to see it overtake its rival.
Security outfit Check Point has opened its distribution marketplace programme, working with Arrow Electronics and Ingram Micro to reach more partners.
The plan is to start with those two distributors and add more over time to increase the options for resellers that want to sell security via those types of marketplaces.
Check Point’s head of worldwide channel, Frank Rauch, said that as more organisations move applications, data, compute and security to the cloud, or create their own private cloud environments, Check Point is perfectly placed to capitalise on this move with its cloud solutions portfolio.
“This new programme further strengthens our commitment to helping our partners win new business and build even stronger relationships with existing customers. We plan to partner with additional marketplace distributors over the coming months to extend the programme.”
The dark satanic rumour mill has manufactured a hell on earth yarn claiming that Ingram Micro’s owner is in “advanced talks” to sell a majority stake in the distributor.
A group of investors, led by Asian private equity firm RRJ Capital, is finalising a deal to acquire a majority stake in Ingram Micro for $4 billion investment.
The deal will be firmed up within a few days and will involve the investor injecting funds via an HNA convertible bond that will give it control of Ingram Micro.
Ingram Micro UK Director Cloud and Advanced Solutions Scott Murphy has warned that while digital transformation is driving the market only 22 percent of channel partners are ready.
Murphy said that digital transformation is the top priority for most UK businesses – including the channel partners who serve them. And in many ways, cloud technology lies at the heart of the transformation journey.
Ingram asked 250 UK-based cloud end users from a variety of mid-market and enterprise organisations, alongside 50 cloud resellers themselves, compiling their answers into a white paper: ‘The intelligent future of cloud’ and discovered that while there is a huge opportunity out there for channel partners – it’s being lost.
Ingram Micro has acquired French cybersecurity VAD Abbakan, as part of the expansion of its cybersecurity business in Europe, the Middle East, and Africa (EMEA). The acquisition of Abbakan expands Ingram Micro’s network of system integrators and telecommunications companies across France.
Sophie Deleval, Chief Executive for Ingram Micro France, said: “This acquisition cements the transformation we initiated two years ago to strengthen our ability to support our partners in developing their business and stay relevant and sustainable. Abbakan’s and Ingram Micro’s teams will combine their expertise, dynamism and engagement to provide an outstanding value proposition to the new market in which we operate.”
Ingram Micro has appointed Brian Verburg as the Manager of its European Cyber Security Center of Excellence. Brian will manage the Centre of Excellence (COE) recently launched in the Netherlands, that extends support across Europe, including Germany, UK, France, Spain, Nordics, Netherlands, Italy, Belgium, Austria and Switzerland.
BlueJeans has penned a distribution deal with Ingram Micro as part of its push into the US market.
The pair already has teamed up in Europe and Asia Pacific market. Under the deal, Ingram Micro will send BlueJeans’ unified communications products, including BlueJeans Meetings, BlueJeans Rooms and BlueJeans Events up with its channel partners throughout the US. They will sell them on to businesses looking for collaboration tools.
Jeff Yelton, executive director of Ingram Micro, said that BlueJeans was a cloud-native meetings platform and a natural fit with Ingram’s growing unified communications and collaboration portfolio.
“Demand for intelligent workplaces is building among businesses of all sizes, and we’re excited to extend our relationship with BlueJeans and expand our U.S. portfolio to include BlueJean’s one-touch video, audio and web conferencing solutions”, he said.
Managing the relationship with Ingram Micro, BlueJeans has appointed a new SVP of global channels Barry Ruditsky who joins BlueJeans from Actiance, where he worked with ISVs and OEMs, including IBM, and launched a global VAR programme for the company.
“There is a terrific market opportunity for BlueJeans as we continue to work alongside the industry’s best partners, including Ingram Micro. Enterprise companies in every market segment are fully aware of the impact that meeting and collaboration solutions like BlueJeans have on the morale, engagement and bottom line of the business. There is an endless runway for us to grow with our partner community.”
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