Acquisition of Inflow Technologies couldn't workout

The recent news on Dec. 16, 2019, Tech Data to acquire the business of Inflow Technologies, a leading value-added distributer with expertise into the areas including networking & security. The acquisition was subject to regulatory approvals of India and is expected a definite closer, where Tech Data was expecting to strengthen its end-to-end portfolio and optimizing its footprint in Asia and India.

Inflow Technologies is a value-added distributor based out of Bangaluru dealing in various portfolio of products and solutions including cybersecurity, networking, unified communications and collaboration, storage and server management, infrastructure and application software, automatic identification and data capture, electronic security, and related services in South Asia.

Talking on the recent development on Inflow Technologies has exercised its right to withdraw from closing its acquisition by Tech Data., Byju Pillai, President and CEO, Inflow Technologies had confirmed that Inflow received an unsolicited investment offer; their Board & Shareholders considered the same positively, hence they exercised their right to withdraw from the acquisition agreement with Tech Data.

We respect Inflow’s decision to go in a different direction, said Jaideep Malhotra, President, Asia Pacific, Tech Data. “Tech Data is committed to our strategy of delivering higher value by strengthening our end-to-end portfolio and optimizing our global footprint, and we will continue to explore opportunities to grow our business in alignment with this strategy.”