Distributor of IT solutions,
Avnet Technology Solutions
), recently rolled out a channel-ready big data and analytics
solution for Hewlett-Packard partners in the U.S. and Canada.
Based on the HP Vertica Analytics Platform, the solution enables
users to monetize their current data and also scale up from
gigabytes to petabytes.
This is the first solution to be launched by Avnet Practice+
for Analytics, which aids the go-to-market capabilities of HP
The new Big Data and Analytics solution is composed of a
parallel database that can handle massive data volumes within an
analytics framework capable of handling real-time data analysis.
This solution is specially designed to help the partners to speed
up their projects so that they can generate a return on
investment within a few weeks.
The new solution, along with Avnet's Practice+ for Analytics,
will equip HP's partners with a profitable solution to deliver
business results and also increase the returns from their IT
Apart from the solution devised to help Hewlett-Packard, Avnet
recently entered into a deal with Macronix International Co. Ltd.
As per the contract, Avnet Memec, the European arm of Avnet Inc.,
will act as a distributor for Macronix' products across the
Pan-European regions. Financial terms of the deal were not
In addition to securing deals and enhancing channel relations,
the company has been prudently growing through acquisitions.
They not only boost the company's product portfolio but
also strengthen the revenue streams.
Recently, Avnet acquired Hong Kong-based value-added
distributor, RTI Holdings Ltd. and strengthened its Electronics
Marketing segment. With RTI Holdings, Avnet will be able to
extend its geographical reach in Asia (mainly in China).
Nevertheless, its archrival
Ingram Micro Inc.
Richardson Electronics Ltd.
) offer steady competition as they are also making acquisitions
to strengthen their market position.
However, we look forward to management's decision to optimize
costs and investments to tap the changing demand.
Currently, Avnet has a Zacks Rank #3 (Hold).
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