Tech Data Corporation’s (TECD - Free Report) fully-owned subsidiary, Tech Data Government Solutions is collaborating with WiCis to offer WiCis Defense and WiCis Health, set of cloud-based solutions, to government agencies. Tech Data will utilize WiCis’ real time biometrics platform and clinical care solution to treat patients remotely via video and live streaming of vital signs.
Collection of biometrics is made possible with the help of FDA-approved wearable devices. Later, these biometrics are shared with physicians through GSM and Satellite networks. In this way, WiCis provides real-time solutions to monitor patients, mainly in remote areas. WiCis’ first-time initiative to combine video calling with real-time biometrics and Care Flows has reduced paperwork for the physicians and enabled them to focus better on the patients.
Apart from expanding the company’s portfolio, this unique solution will help monitor, locate and address health issues of personnel posted in the field. It is also available for people in distant areas who require monitoring and hospital-level care. Hence, it can also be used in healthcare, adventure sports and personal security applications.
The company is on track to diversify its focus on new domains, given the rising demand for data center systems, cloud and mobility offerings in the long run. The higher level of spending in these areas is expected to drive revenue growth for Tech Data. In this regard, the company’s acquisition of Avnet’s (AVT - Free Report) technology solutions business will enable it to leverage the most varied solutions from the data center to the living room. This deal is expected to contribute $100 million of cost savings after two years of its closing.
However, the company faces intense competition from other distributors in America as well as several regional and local distributors, owing to the fiercely competitive IT distribution industry. Evidently, shares of this Zacks Rank #3 (Hold) company lost 20%, underperforming the industry’s decline of 11.9%.
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