Distributor of IT solutions, Avnet Technology Solutions (AVT - Analyst Report), 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 partners.
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 investments.
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 disclosed.
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 Arrow Electronics (ARW - Analyst Report), Ingram Micro Inc. (IM - Analyst Report) and 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).