Avnet Technology Solutions, a global IT solutions distribution leader and an operating group of Avnet, Inc. (NYSE: AVT), announced it has become among the first distributors to offer Oracle Cloud services in Latin America and the Caribbean. Avnet will provide these services through Oracle’s recently introduced Value Added Distributor (VAD) program and help Oracle PartnerNetwork (OPN) members obtain the specializations needed to solve their customers’ business needs with Oracle Cloud services. Avnet will offer these services in Brazil, Chile, Mexico, Venezuela and the Caribbean, and they include Oracle Cloud offerings related to enterprise performance management, financials, human capital management, portfolio management, procurement, social relationship management, supply chain and vertical industry applications.

“This is yet another landmark expansion into the Latin America and Caribbean region to help our partners capitalize on the rapidly growing cloud computing market with innovative solutions,” said Sergio Farache, senior vice president and general manager at Avnet Technology Solutions, Latin America and Caribbean. “Avnet’s channel partners in region will be able to leverage our local market knowledge and regional business development practices in order to round out their portfolios to better serve their customers. Avnet and Oracle will work closely together to provide our customers with the training, resources and tools they need to quickly bring these cloud services to market.”

This news comes on the heels of Avnet’s recent announcement that it would begin offering Oracle’s full-stack capabilities, including Oracle Systems, Oracle Technology and Oracle Applications in Venezuela, as well as providing channel partners with Oracle Systems initially in Puerto Rico, with plans to extend this into other Caribbean markets in the future. Avnet is one of the largest global distributors of Oracle solutions. It supports the Oracle PartnerNetwork in 58 countries throughout the Americas, Asia Pacific, and Europe, the Middle East and Africa. Through its long-standing relationship with Oracle, Avnet has brought a wide range of innovative tools, resources and programs to market to accelerate channel partners’ success.

”Avnet has helped us develop a highly skilled partner community in Latin America and the Caribbean, and we look forward to growing this community further by working with Avnet as a distributor of Oracle Cloud solutions,” said Bruce Chumley, group vice president, Worldwide Alliances and Channels Sales, Oracle. “This opportunity reinforces Avnet and Oracle’s relationship by enhancing the overall OPN portfolio with expanded territories and diverse business development programs.”

In addition, Avnet’s OPN members in the Latin America and Caribbean region will gain access to an exclusive worldwide program to enhance their profitability for Oracle Cloud orders booked through Avnet. To learn more about Avnet’s programs for Oracle partners, please visit our regional website. Avnet is a Platinum level member of OPN.

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For more information on Avnet Technology Solutions in Latin America and Caribbean, please visit ats.avnet.com/en-lac.

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About Avnet Technology Solutions

As a global IT solutions distributor, Avnet Technology Solutions transforms technology into business solutions for customers around the world. It collaborates with customers and suppliers to create and deliver services, software and hardware solutions that address the changing needs of end-user customers. The group serves customers and suppliers in North America, Latin America and Caribbean, Asia Pacific, and Europe, Middle East and Africa. It generated US $11.0 billion in annual revenue for fiscal year 2014. Avnet Technology Solutions is an operating group of Avnet, Inc. For more information, visit http://www.ats.avnet.com.

About Avnet, Inc.

Avnet, Inc. (NYSE: AVT), a Fortune 500 company, is one of the largest distributors of electronic components, computer products and embedded technology serving customers globally. Avnet accelerates its partners' success by connecting the world's leading technology suppliers with a broad base of customers by providing cost-effective, value-added services and solutions. For the fiscal year ended June 28, 2014, Avnet generated revenue of $27.5 billion. For more information, visit www.avnet.com.