Ingram Micro Inc. (IM - Free Report) recently entered into a partnership with Microsoft Corporation (MSFT - Free Report) to add Azure cloud connectivity to its New Zealand Cloud Marketplace. The move will offer Ingram Micro partners a reliable, high-performance connectivity solution as they can now directly connect to Microsoft Azure via the Ingram Micro Cloud Marketplace.
The financial implications of the deal were not disclosed.
Microsoft Azure is a cloud computing platform, launched in 2010, for creating, deploying and managing applications and services through the worldwide network of its datacenters. It is a cloud platform that helps users manage applications effectively.
Benefits for Ingram Micro
Featuring Microsoft’s Office 365 via the Microsoft Cloud Solution Provider (CSP) program, Ingram Micro Cloud Marketplace will be extremely beneficial for channel partners. Not only will it enhance the overall support experience for customers but also accelerate growth of Ingram Micro’s cloud businesses.
Moreover, it will broaden Ingram Micro’s capabilities as a cloud solution provider, thereby helping it to capitalize on the increasing opportunities in the cloud computing market. It will also be a good source of monthly recurring revenues for Ingram Micro.
Ingram Micro's initiative comes at an opportune moment as cost benefits of cloud computing are compelling companies to engage in massive information technology restructuring and upgrades. The Ingram Micro Cloud Marketplace has more than 200 cloud-based solutions from over 70 vendors, which include salesforce.com (CRM - Free Report) , VMware (VMW - Free Report) and AVG Technologies.
According to Gary Bigwood, managing director of Ingram Micro New Zealand "We are pleased to enhance the Ingram Micro Ecosystem of Cloud and differentiate our Microsoft Cloud Solution Provider offering with the addition of Azure to our broad portfolio of cloud solutions." He further added, "By automating the delivery of Azure and making available the necessary resources and tools for transformation, our reseller partners have the capability to quickly build a successful Azure practice and deliver greater value to their customers."
INGRAM MICRO Price
Leveraging Azure will equip Ingram Micro with additional capacities like artificial intelligence, natural language processing, enterprise application integration and advanced data visualization. Furthermore, integration with Office 365 will help Ingram Micro integrate industrial applications with business process and analytics.
Though we are unable to estimate the financial benefits, we remain encouraged by the close association that Ingram Micro enjoys with the leading enterprise application software developer.
Ingram Micro has been striking distribution deals with a number of original equipment manufacturers, thus expanding its product portfolio. Moreover, Ingram Micro's exposure in cloud computing products is expected to remain its key growth driver.
Though Ingram Micro’s high debt burden is a concern, we remain fairly optimistic about its strategic relationships with network giants such as Juniper Networks Inc., Cisco and International Business Machines Corp.
Currently, Ingram Micro has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
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