Cloudflare, Inc. (NYSE: NET) and TD SYNNEX (NYSE: SNX) have announced an expanded partnership aimed at bolstering managed security services across Latin America. This strategic alliance is set to provide Managed Security Services Partners (MSSPs) with a comprehensive suite of security solutions, including Zero Trust, Secure Access Service Edge (SASE), Application Security, and Network Security.
The collaboration is designed to streamline cybersecurity management for organizations that have traditionally struggled with the cost and complexity of integrating multiple vendor solutions.
Cloudflare’s connectivity cloud platform, which spans 64 cities in Latin America and the Caribbean, offers MSSPs a unified interface for deploying and managing security solutions.
Tom Evans, Chief Partner Officer at Cloudflare, emphasized the importance of partners in extending security protections and operational efficiency. The partnership aims to simplify cybersecurity operations for MSSPs, potentially reducing their costs by about 50% compared to using multiple solutions.
Carlos Torales, Vice President of Latin America at Cloudflare, highlighted the challenges local organizations face with cybersecurity management due to the plethora of vendors, which can lead to increased complexities and costs.
Marcos Murata, Vice President of Vendor Management and Business Strategy for TD SYNNEX in Latin America, pointed out the growing demand for advanced managed security services. The integration of Cloudflare’s security suite into TD SYNNEX’s portfolio is expected to empower MSSP partners with a ready-to-deploy security stack that is both cost-effective and tailored to the region’s unique needs.
Cloudflare and TD SYNNEX have been in partnership since 2021, and this latest expansion is set to further extend Cloudflare’s reach in Latin America while equipping partners with comprehensive cloud-native security services and program enablement.
This partnership announcement is based on a press release statement and contains forward-looking statements that involve risks and uncertainties.
In other recent news, Cloudflare Inc. reported impressive first-quarter results for fiscal year 2025, surpassing revenue, operating income, and cash flow expectations.
The company achieved its largest top-line revenue beat since 2020 and secured a record $130 million five-year contract. Analysts from Stifel, RBC Capital, and TD Cowen have maintained their positive outlooks, with price targets set at $175, $155, and $150, respectively, highlighting Cloudflare’s strategic wins and enterprise growth.
Cantor Fitzgerald and Piper Sandler also adjusted their price targets, raising them to $126 and $151, while maintaining Neutral ratings. Cloudflare’s recent achievements include a seven-year, $12.7 million Secure Access Service Edge (SASE) contract and a significant $100 million-plus Pool of Funds agreement.
The company continues to see growth in its customer base, with its channel business expanding by 60% year-over-year. Despite macroeconomic volatility, Cloudflare has maintained its guidance for fiscal year 2025, reflecting a conservative approach. Analysts note that Cloudflare’s strategic deals and improved go-to-market strategies position it well for continued market momentum.
