Benzinga | Jul 21, 2021 01:51PM EDT

Synnex Adds Proofpoint To Drive Security Networking Portfolio

* Distribution, systems design, and integration services provider Synnex Corp (NYSE:SNX) expanded its networking and security portfolio with Proofpoint Inc's (NASDAQ: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.