Tech Data Expands Cloud Business With New Dedicated Resources and Leadership

By GlobeNewswire,  August 25, 2014, 11:10:00 AM EDT


Appoints Stacy Nethercoat to Vice President, TDCloud

CLEARWATER, Fla., Aug. 25, 2014 (GLOBE NEWSWIRE) -- As channel partners increasingly embrace private, public, and hybrid clouds to deploy business applications and services throughout the IT channel, Tech Data Corporation (Nasdaq:TECD) today announced new dedicated resources and leadership to its cloud business. Highlighting the company's investment in further expanding its cloud business, Tech Data has appointed company veteran Stacy Nethercoat to vice president, TDCloud. In her new scope of responsibility, Nethercoat will lead the strategic direction, operations, and go-to-market execution of TDCloud, Tech Data's dedicated cloud business unit, in the U.S. Nethercoat will continue to report to Brian Davis, senior vice president, U.S. Marketing.

"Cloud computing continues to be a strategic focus for Tech Data throughout the company's operations," said Brian Davis, senior vice president, U.S. Marketing at Tech Data. "Since the inception of TDCloud, Stacy's leadership and vision have proven invaluable in the growth and development of our cloud business. Our new dedicated sales, reseller enablement, field marketing, and operations resources, as well as our new organizational structure, solidifies our commitment to growth in cloud computing and better aligns us with this important part of our company's strategy."

Launched in September 2011, Tech Data's TDCloud business unit is a team of cloud experts dedicated to supporting its channel of solution providers through education, enablement, and adoption of cloud and subscription-based services. TDCloud is powered by Tech Data's StreamOne global IT development platform, an automated buying, selling, provisioning and billing system for cloud and subscription-based services technology that scales the business and operational scope.

A 19-year veteran of the company, Nethercoat has helped lead Tech Data's U.S. cloud strategy since the formation of TDCloud. She has been responsible for the strategic development and delivery of Tech Data's complete end-to-end cloud solutions, as well as the recruitment of new vendor partners to TDCloud.

"We have seen significant growth in our cloud business and look forward to adding more value and providing more opportunities for our channel partners in the cloud through our new dedicated resources," said Nethercoat. "As cloud adoption accelerates, we are prepared to provide the most comprehensive cloud solutions in the IT channel through the company's Solutions Store, powered by StreamOne, our award-winning global IT platform. I am excited to take on this new role and to continue to expand our cloud business at Tech Data."

To learn more about TDCloud, contact the TDCloud team at (800) 237-8931, ext. 87663, email tdcloud@techdata.com, or visit the TDCloud website.

About Tech Data

Tech Data Corporation is one of the world's largest distributors of technology products, services and solutions. Its advanced logistics capabilities and value added services enable 115,000 resellers to efficiently and cost effectively support the diverse technology needs of end users in more than 100 countries. Tech Data generated $26.8 billion in net sales for the fiscal year ended January 31, 2014. It is ranked No. 111 on the Fortune 500® and one of Fortune's "World's Most Admired Companies."  To learn more, visit www.techdata.com, or follow us on Facebook and Twitter

CONTACT: MEDIA CONTACT
         Amanda Lee
         Public Relations Manager
         (727) 538-5803
         amanda.lee@techdata.com

Source: Tech Data Corporation

This article appears in: News Headlines

Referenced Stocks: TECD


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