Ingram Micro, a U.S. technology distributing giant and managed services provider, said on Monday a ransomware attack is the cause of an ongoing outage at the company.

Ingram Micro, a tech and electronics distribution giant, said it has been hit by a ransomware cyberattack. The Irvine-based company (NYSE: INGM) on July 5 first reported the attack, which knocked out ...

Ingram Micro notched a valuation of $6 billion after shares jumped 15% in their market debut on Thursday, signaling strong investor demand for one of the world's largest technology distributors.