TD SYNNEX Corp. (NYSE: SNX) announced on Thursday its decision to acquire the cloud migration business of IPsense in a move to establish a new cloud competence center in Brazil. Details of the financial transactions involved in the acquisition were not disclosed.The acquisition aims to enhance TD SYNNEX’s influence in the regional digital transformation sector, facilitating seamless cloud migrations for its clients.Completion of the acquisition is anticipated within the next 30 to 90 days.It is important to note that IPsense’s divisions focusing on analytics, big data, and machine learning are not included in this acquisition. These aspects of the business will continue to operate under a new brand name, retained by the current owners.As of now, TD SYNNEX’s stock is trading at $110.89, reflecting a 0.30 percent increase on the New York Stock Exchange.The material has been provided by InstaForex Company – www.instaforex.com
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