Tech Data Supports Cloud Adoption With New TDCloud Business Unit

CLEARWATER, Fla., Sept. 6, 2012 (GLOBE NEWSWIRE) -- Tech Data Corporation (Nasdaq:TECD) today announced the launch of its TDCloud business unit, a team of cloud experts dedicated to supporting Tech Data's channel of over 60,000 resellers in the United States through education, enablement, and adoption of cloud and subscription-based services. Launched a year ago, TDCloud has evolved into a dedicated business unit under the leadership of 17-year Tech Data veteran Stacy Nethercoat, whose new title of Vice President, Software and Cloud Services, encompasses her increased scope of responsibility. TDCloud is powered by Tech Data's StreamOne platform, an automated technology that scales the business and operational scope associated with cloud and subscription services.

"TDCloud makes Tech Data truly unique in delivering distribution value and scale," said Nethercoat. "By using cutting-edge technology, resellers are unburdened from major IT or business process changes, allowing a clearer focus on Cloud adoption and sale. We are excited about the opportunities that TDCloud present and we are confident that we have the right leadership in place to guide our resellers into the Cloud."

The TDCloud business unit will be led by Bharath Natarajan, who was recently appointed to Director, TDCloud and Software Services. Prior to joining Tech Data in 2006, he spent several years leading business and IT strategies in the healthcare, retail, software and value-add distribution verticals. Most recently, he served in a global IT role within Tech Data where he executed worldwide business strategies, including the development of the Company's StreamOne platform, specifically designed to address and draw cloud, hosted, and subscription models into the distribution channel. Natarajan will report to Nethercoat.

"I am excited to lead the next phase of Tech Data's comprehensive cloud computing strategy for the distribution channel," said Natarajan. "Over the last 18 months, Cloud computing and its adoption have matured to encompass the end user community. In anticipation of this, Tech Data has laid firm groundwork for a scalable, practical and value-added distribution channel for Cloud vendors and reseller partners alike. With the successful completion of the foundational phase of platform deployment, TDCloud's focus now shifts entirely to Cloud adoption and sales execution within the channel to deliver value for our resellers."

For more information, visit TDCloud's updated website. To speak with a member of the TDCloud team, contact (800) 237-8931 ext. 87663 or tdcloud@techdata.com.

About Tech Data

Tech Data Corporation is one of the world's largest wholesale distributors of technology products. Its advanced logistics capabilities and value added services enable 125,000 resellers in more than 100 countries to efficiently and cost effectively support the diverse technology needs of end users. Tech Data generated $26.5 billion in net sales for the fiscal year ended January 31, 2012, and is ranked 109th on the Fortune 500 ®. To learn more, visit www.techdata.com.

The Tech Data Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=10666
CONTACT: MEDIA CONTACT         Brian Kosoy         Manager, Communications         (727) 299-8865         brian.kosoy@techdata.com

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