Synnex Adds Proofpoint To Drive Security Networking Portfolio

Distribution, systems design, and integration services provider Synnex Corp SNX expanded its networking and security portfolio with Proofpoint Inc's PFPT products and services, a cybersecurity and compliance company.
The financial terms of the transaction remain undisclosed.
Proofpoint's addition will help Synnex keep customers safe from cyber threats.
The agreement enhances Synnex's cybersecurity and compliance solutions to protect people on every channel, including email, web, cloud, social media, and mobile messaging.
Synnex held $1.7 billion in cash and equivalents as of May. 31.
Price action: SNX shares traded higher by 1.79% at $115.3 on the last check Wednesday.