SYS-CON MEDIA Authors: Michael Bushong, Eric Brown, Gilad Parann-Nissany, Kevin Benedict, PR.com Newswire

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Concentrix Forms New Industry Practice Team

Concentrix Corporation, a global business services company and a wholly-owned subsidiary of SYNNEX Corporation (NYSE: SNX), announced today that the Company has formed an extended Industry Practice team that focuses on innovation and investment in industry verticals, particularly Banking, Insurance, and Health Care.

Last week, SYNNEX announced an agreement to acquire IBM's worldwide customer care business, which will be combined with Concentrix. In preparation for the new expanded organization, post closure of the deal with IBM, Concentrix President Chris Caldwell today announced that Concentrix has formed an extended Industry Practice team to drive new investments and offerings in Concentrix’ key industry verticals.

“Concentrix recognizes the unique needs that clients in the Banking, Insurance and Health Care industries face and we’re pleased that we have the expertise and technology to continue to be a leader in providing high value services to current and future clients,” said Mr. Caldwell. “The IBM transaction is anticipated to bring extensive experience and expertise in these important verticals. Concentrix will continue to invest and lead in delivering high value services to these industry sectors. Providing leading solutions for clients in these key verticals is a strategic priority for Concentrix.”

Concentrix currently delivers customer lifecycle management services to clients in the Financial Services, Health Care, Technology, Consumer Electronics & Retail, Gaming, Travel & Transport and Automotive verticals, with multiple clients who utilize a wide range of Concentrix technology and services. The new team, which, upon closing of the IBM transaction, is expected to combine the extensive industry expertise and platforms from the IBM organization with existing Concentrix talent and technology, will be at the forefront in continuing to develop enhanced tools and assets, as well as services which drive revenue, reduce cost and protect and grow long-term customer value for existing and new clients.

About Concentrix

Concentrix Corporation is the global business services division of SYNNEX Corporation with award-winning expertise in providing our clients with platforms and services to enable their customer strategy. From locations in the Philippines, China, Costa Rica, Nicaragua, Canada, the United States, United Kingdom, Hungary, India and Japan, our more than 8,000 employees support millions of high-value transactions in multiple languages and countries worldwide. Concentrix Corporation is a wholly-owned subsidiary of SYNNEX Corporation (NYSE:SNX), a Fortune 500 company. For more information, please visit www.concentrix.com.

About SYNNEX Corporation

SYNNEX Corporation, 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 12,500 full- 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 the anticipated benefits of the acquisition of IBM’s worldwide customer care business and industry process services, team and services features and capabilities, and availability, priorities and timing of investments and offerings, 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. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially, including, but not limited to, the risk that the IBM transaction will not close as anticipated or at all, difficulties in the integration of acquired businesses, the risk that the benefits from the transaction may not be fully realized or may take longer to realize than expected, disruption from the transaction making it more difficult to maintain relationships with customers or employees, and competition, third-party relationships and revenues, and the risks detailed in SYNNEX' Annual Report on Form 10-K for the year ended November 30, 2012, and Quarterly Report on Form 10-Q for the quarter ended May 31, 2013, as filed with the Securities and Exchange Commission, and in other reports filed with the SEC by SYNNEX from time to time. These forward-looking statements speak only as of the date hereof. The Company assumes no obligation to update any forward-looking statements contained in this release.

Copyright 2013 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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