The IBM operations will be combined with Concentrix, Synnex's global business services division.
Red Hat Storage Server 2.0 debuts with a ecosystem of industry partners, including Cisco, Groupware, Intel, Mainline and Synnex.
Redington India has invited a representative of Standard Chartered to their board. With a 12% stake, StanChart is the largest private equity stakeholder in the company.
R Srinivasan, MD of Redington India, in an interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, said that the two major shareholders Synnex from Taiwan and Kewalram Chanrai Group from Singapore pared down their stakes in the company and StanChart Private Equity would be the likely buyer.